Culver City-based Participant told its staff Tuesday morning that the film and production company would be shutting down after 20 years.
After 20 years, 21 Academy Awards and 18 Emmys, socially conscious film production company Participant is shutting down. The Culver City company told its employees Tuesday morning that it would be winding down operations. In a letter to staff, founder and former EBay president Jeff Skoll wrote that the decision was 'difficult,' but that it was 'the right time' for him to evaluate his next chapter and approach to 'tackling the pressing issues of our time.
Participant is known for films such as Oscar winners 'Spotlight' and the Al Gore environmental documentary 'An Inconvenient Truth' and the Oscar-nominated documentary 'RBG,' along with series like 'When They See Us.' But like many independent producers it has faced a tough climate. The market for independent, adult-skewing fare has struggled to rebound from the COVID-19 pandemic. Box office revenue remains substantially below pre-pandemic levels.
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