Participant film studio shutting down
Left-wing film studio Participant, known for financing projects with social justice themes, is shutting down operations and letting go of most staff due to Hollywood's downturn. Founded in 2004 by Jeff Skoll, the studio was behind films like 'An Inconvenient Truth' and 'Green Book.'
Key Points
- Founded in 2004 by left-wing billionaire Jeff Skoll
- Known for financing projects with social justice themes
- Shutting down operations due to Hollywood's downturn
- Most staff set to lose their jobs
- Led by former Universal boss David Linde
Pros
- Financed projects with social justice and globalist themes
- Helped bankroll two best-picture Oscar winners
Cons
- Experienced high-profile box office flops
- Affected by Hollywood's shift to streaming entertainment