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HOLLYWOOD FOREIGN PRESS ASSOCIATION ANNOUNCES PROCESS OF REVIEW OF POTENTIAL STRATEGIC ALTERNATIVES

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Process to be Led by Special Committee Comprised of Independent Members of Board of Directors Will Review Potential Proposals

LOS ANGELES, May 13, 2022 /PRNewswire/ -- Continuing its ongoing transformation process, the Hollywood Foreign Press Association ("HFPA") announced the beginning of a formal review to determine potential outside strategic interest in its organization and assets. Potential proposals are to be reviewed by a Special Committee composed entirely of independent members of the Board of Directors, with the assistance of financial and legal advisors.

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