For many in town, Participant Media’s closure this week felt sudden and unexpected, like a nasty punch to Hollywood by an impulsive tech mogul. But that wasn’t the case. After speaking with financial professionals this week, we learned: Jeff Skollthe eBay billionaire and philanthropist who launched Participant 20 years ago to create top-quality content with a social impact agenda and actually hired Goldman Sachs last spring To carry out the final sales process. Proposals sent to prospective buyers touted Participant as a “category-defining” business “focused on timely, emotional stories that speak to the world’s most important issues.” was.
That was certainly accurate. Participant’s acquirer will have the company assist with all of the following: al gore‘s inconvenient truth and great RBG documentary to spielberg‘s lincoln and cuaron‘s Rome—Overall, films that received 86 Oscar nominations and won 21 times, including two for Best Picture. Spotlight and green book. On the TV side, ava duvernay‘s when they saw us and steve james‘s City So Real, Nominated for 44 Emmy Awards and won 11 times. In short, it was pitched as a company that was “driving change in the world” with an “unparalleled reputation for quality.”
