“A Golden Globe Award is an accolade presented by the Hollywood Foreign Press Association (HFPA) to recognize excellence in filmtelevision (and probably music) both domestic and foreign. The annual formal ceremony and dinner at which the awards are presented is a major part of the film industry’s awards season, which culminates each year with the Academy Awards.”  ~Wikipedia, 2011
Do not confuse the Golden Globe with the Oscars fellas. Oscars (a.k.a Academy Awards) recognizes films alone. Now, The Golden Globe Awards are being held as we speak at Beverly Hills, California. While waiting for the results, take a peak at the video and red carpet photos below all from Yahoo regarding the nominations:

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