Original: 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.
Simplified: The Golden Globe Awards are American awards for motion pictures and television programs, given out each year during a formal dinner. Run since 1944 by the Hollywood Foreign Press Association (HFPA), the awards are a major part of the film industry's "awards season" which ends each year with the Oscars and Screen Actors Guild Awards.