Participant, Studio Behind ‘Spotlight’ and ‘Green Book,’ Shutters After 20 Years

Participant Media, the independent production company which co-produced films like “Spotlight” and “An Inconvenient Truth,” is shutting down after 20 years in operation.

The company’s end was announced in a memo to its nearly 100 employees by founder Jeff Skoll.

“This is not a step I am taking lightly, 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,” Skoll wrote in a memo obtained by TheWrap.

“I founded Participant with the mission of creating world-class content that inspires positive social change, prioritizing impact alongside commercial sustainability. Since then, the entertainment industry has seen revolutionary changes in how content is created, distributed and consumed,” Skoll continued.

Since its founding in 2004, Participant has co-produced or co-financed 135 films that earned 21 Oscars from 86 nominations. Among those Oscars include Best Picture wins for “Spotlight” and “Green Book,” both of which Participant were co-producers on, and a Best Documentary Feature win on Al Gore’s famous 2006 climate change documentary “An Inconvenient Truth.”

Participant was also attached on acclaimed films like Steven Soderbergh’s “Contagion,” Steven Spielberg’s “Lincoln,” Alfonso Cuaron’s “Roma,” and Shaka King’s “Judas and the Black Messiah,” as well as documentaries like “Food Inc.,” “RBG,” “American Factory” and “Flee.”

The shutdown was first reported by Variety.

More to come…

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