The Golden Globe Awards are
American awards for
motion pictures and
television programs, given out each year during a formal dinner. Run as a fundraiser since
1944 by the
Hollywood Foreign Press Association (HFPA), the awards are a major part of the film industry's "awards season" which culminates each year with the
Oscars and
Screen Actors Guild Awards. This is particularly true
since 1996, when the HFPA signed a new television broadcast contract with
NBC (prior to that, they were aired on
TBS, but before the existence of TBS, one of the "big three" commercial networks, i.e. CBS, NBC, or ABC, always broadcast the show). The broadcast of the Golden Globe Awards generally ranks as the third most-watched awards show each year, behind only the
Oscars and
Grammys, and film studios actively solicit support from HFPA members and mention nominations and awards in their advertisements. The Golden Globes has grown to one of the highest honors for actors and actresses. The Golden Globe's similar
British equivalent, considered equal in prestige, is the
BAFTA.
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