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Jeff Skoll

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business1 year ago

Participant Media, Studio Behind Oscar Winners 'Green Book' and 'Spotlight,' Calls It Quits

Participant Media, known for producing socially conscious films like "An Inconvenient Truth" and "Wonder," is shutting down after 20 years due to financial struggles and a challenging entertainment landscape. The company's founder, Jeff Skoll, cited revolutionary changes in content creation, distribution, and consumption as reasons for the decision. Most of the 100 employees will be laid off immediately, with a skeleton staff remaining to work on upcoming films. The entertainment industry's shift towards apolitical content and the financial pressures faced by studios and streaming services contributed to Participant's difficulties in making money consistently.

via The New York Times|
#business#entertainment-industry#jeff-skoll
entertainment1 year ago

"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.

via Hollywood Reporter|
#entertainment#entertainment-industry#impact-driven-films
entertainment1 year ago

"Participant Media, Studio Behind Oscar Winners 'Spotlight' and 'Green Book,' Closes After 20 Years"

Participant, the media company responsible for films like “Spotlight” and “Roma,” is shutting down after 20 years. Founder Jeff Skoll informed staff that the company will wind down operations, with nearly all 100 employees being let go. The company's library of 135 films will remain, but no new content or production is planned. Participant's mission has been to create movies that inspire social change and serve as an "impact media company." The decision comes as the market for socially impactful films has been strained since the COVID-19 pandemic.

via IndieWire|
#entertainment#film-industry#impact-media-company
entertainment1 year ago

"Participant, Studio Behind Oscar Winners 'Spotlight' and 'Green Book,' Shuts Down After 20 Years"

Participant, the film and television production company known for producing socially impactful content, is shutting down after 20 years. Founder Jeff Skoll announced the decision, citing changes in the entertainment industry and the need to evaluate his next chapter. The company, which co-produced notable films like "Spotlight" and "Green Book," will dismiss almost all of its employees and cease new content development. Participant's legacy includes driving real-world change through its impactful films and series, earning numerous awards and grossing over $3.3 billion at the box office.

via Variety|
#entertainment#film-studio#jeff-skoll