Participant Closing Doors After Two Decades; Studio Was Behind Oscar Best Picture Winners ‘Green Book’ & ‘Spotlight’
16.04.2024 - 19:49
/ deadline.com
UPDATED with more details: Financier and producer Participant is shuttering after 20 years. Founder Jeff Skoll alerted staff at 10:30 a.m. PT on Tuesday, Deadline has confirmed.
Sources say Skoll did an audit of the company and wanted to pivot from entertainment. We understand that most of the 100-person staff is being let go except for core employees who will settle out remaining productions and oversee outstanding commitments to the catalog.
Participant projects will still be released this year including Blknws, the adaptation of filmmaker, music video director, and video artist Kahlil Joseph’s video exhibition that Joseph is directing. A24 and Participant are teaming on that pic.\
Other film titles still in play include Lionsgate’s October release White Bird, starring Gillian Anderson and Helen Mirren and a follow-up from the studio’s 2017 hit Wonder; Disney+’s upcoming Out of My Mind, which premiered at Sundance earlier this year; and Gabriela Cowperthwaite’s documentary The Grab, which bowed at TIFF and hits theaters via Participant and Magnolia in June.
Participant’s m.o. was to bring content to the world that was socially conscious, read its Oscar Best Picture winners Spotlight from Open Road andUniversal’s Green Book, as well as DreamWorks’ Oscar winner Lincoln. All in, Participant counts 135 films, five series, 21 Oscars — including the two Best Pictures, four Best Documentaries and two Best International Features — 18 Primetime Emmys and north of $3.3 billion in global box office.
Skoll told staffers in a staff memo today (read it below) that it was a “very difficult decision” and stems from it being “the right time for me to evaluate my next chapter and approach to tackling the pressing issues of our
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