"Participant Media, Studio Behind Oscar Winners 'Green Book' and 'Spotlight,' Shuts Down After 20 Years"
Participant Media, the studio behind award-winning films like "Green Book" and "Spotlight," is shutting down after 20 years. Founder Jeff Skoll announced the decision, citing the need to evaluate his next chapter and approach to tackling pressing issues. The company, known for its dual mission of making money and inspiring social change through entertainment, has produced impactful documentaries and high-profile awards contenders, earning numerous Oscars and Emmys. Skoll expressed gratitude to the global community of Participants and emphasized the lasting impact of the company's work on global conversations and real-world change.