Participant, the activist film and television studio that has financed Oscar winners like “Spotlight” and socially conscious documentaries like “Food, Inc,” and “Waiting For Superman” is closing its doors after 20 years.
FILE - Jeff Skoll arrives at the Los Angeles premiere of"An Inconvenient Sequel: Truth to Power" at the Arclight Hollywood, July 25, 2017, in Los Angeles.
“This is not a step I am taking lightly,” Skoll wrote in the memo. “But after 20 years of groundbreaking content and world-changing impact campaigns, it is the right time for me to evaluate my next chapter and approach to tackling the pressing issues of our time.” Participant was behind films like “Contagion,” “Good Night, and Good Luck,” “Lincoln” and “Judas and the Black Messiah,” the limited series “When They See Us” and also a sequel to their documentary “Food Inc,” which they rolled out this month. Their films have made over $3.3 billion at the global box office. But the company had a “double bottom line” in which impact was measured in addition to profit.
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