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The Golden Globe Trophy on display during this year's awards in February. Photo: Kevin Mazur/Getty Images for Hollywood Foreign Press Association

NBC said Monday it won't air the Golden Globes next year following the fallout around the Hollywood Foreign Press Association, which puts on the show each year and is battling criticism that it's not committed enough to diversity.

Why it matters: The network has been airing the event exclusively for decades. Its decision to pull back speaks to how big the backlash against the group has become.

What they're saying: “We continue to believe that the HFPA is committed to meaningful reform," NBC said, per Deadline.

  • “However, change of this magnitude takes time and work, and we feel strongly that the HFPA needs time to do it right. As such, NBC will not air the 2022 Golden Globes. Assuming the organization executes on its plan, we are hopeful we will be in a position to air the show in January 2023.”

Driving the news: Top actors and movie studios are boycotting the HFPA over concerns that the group hasn't done enough to embrace diversity in its ranks.

  • Leaders at Amazon, Netflix and WarnerMedia have put out statements saying they refuse to work with the group until new reforms are enacted.
  • Stars including Scarlett Johansson and Mark Ruffalo have also joined calls against the group.
  • Last week, a majority of the HFPA's 86 members voted in favor of several changes intended to bring more diversity to the group.

The big picture: Ratings for the Golden Globes fell to a record low this year amid a pandemic-driven ratings collapse for entertainment award shows.

  • The HFPA awkwardly addressed its lack of diversity during this year's show, following the damning profile about the group, published days before the event, that revealed none of the HFPA's members are black.

Go deeper

China builds its own movie empire

Expand chart
Data: Gower Street citing Comscore; Chart: Kavya Beheraj/Axios

China blocked all four of Disney's Marvel movies from being released in its theaters last year, a grim sign for U.S. film giants being squeezed out of the world's fastest-growing box office.

Why it matters: The Chinese Communist Party is using domestic films as a key conduit for mass messaging aimed at achieving political goals, leaving little room for foreign views.

Why 401(k) rollovers are so annoying

Illustration: Aïda Amer/Axios

If you happened to change jobs recently, you may have tried to transfer your retirement account from your former employer into an Individual Retirement Account or your new employer's 401(k) plan. If so, you probably encountered a bureaucratic gantlet — and you're not alone.

Why it matters: Kludgey processes around retirement account transfers result in people losing track of their funds, giving up important tax advantages, or otherwise disadvantaging themselves and being less prepared for retirement.

The hard math behind America's labor shortage

Data: Bureau of Labor Statistics, Congressional Budget Office; Chart: Axios Visuals

Yes, the pandemic has created unusual temporary labor market dynamics. But in the bigger picture, the 2010s were a golden age for companies seeking cheap labor. The 2020s are not.

The big picture: In the 2010s, the massive millennial generation was entering the workforce, the massive baby bo0m generation was still hard at work, and there was a multi-year hangover from the deep recession caused by the global financial crisis.

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