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HFPA Sues Penske, Boehly for $150 Million Over Monopoly Claims

7/29/2026

Summary

Story summary

HFPA sued Penske Media Corp., CEO Jay Penske, Todd Boehly and the Golden Globe Foundation in Los Angeles, seeking $150 million and cancellation of HFPA’s dissolution.
The complaint alleges Penske and Boehly monopolized trade publications, secondary awards and for-your-consideration advertising that generate $1 billion annually.
Penske Media spokesperson called the lawsuit “absurd and irrational,” saying the transaction closed more than three years ago, received required approvals and that the claims are false.

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Story summary

HFPA sued Penske Media Corp., CEO Jay Penske, Todd Boehly and the Golden Globe Foundation in Los Angeles, seeking $150 million and cancellation of HFPA’s dissolution.
The complaint alleges Penske and Boehly monopolized trade publications, secondary awards and for-your-consideration advertising that generate $1 billion annually.
Penske Media spokesperson called the lawsuit “absurd and irrational,” saying the transaction closed more than three years ago, received required approvals and that the claims are false.