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.
