"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.
