On April 16, local time, news came out that Participant Media Co., Ltd. (hereinafter referred to as Participant Company), which had been working in Hollywood for 20 years, had closed down. The company's chairman, Jeffrey Skoll, told his employees that everyone would be laid off, and all the company's ongoing film and television projects were suspended.
participant company is the driving force behind films such as "Spotlight", " Moonlight ", "Lincoln", " Rome ", "An Inconvenient Truth", " Green Book ", etc. Many of its works have achieved critical and commercial success. All were successful, but unfortunately the company failed to consistently make money.
won 21 Academy Awards
Jeff Skoll announced the closing in a note to employees on Tuesday, writing: "After careful consideration, I have made the very difficult decision to... Winding down company operations."
Skoll founded the company in 2004 with the dual mission of making money through entertainment and inspiring social change.
Since its inception, participant companies have distributed 135 feature films that have been nominated for 73 Academy Awards and won 21 of them, including two Best Picture Awards (Spotlight and Greenskin Book"), four Best Documentary Feature Awards and two Best International Film Awards. Together, these films grossed more than $3.3 billion.
On February 25, 2019, a viewing ceremony for "Green Book" was held in Beijing. In the auditorium that day, Jack Ma also appeared. He shared: "This is my third watch, and I may watch it several times. "Green Book" gave me a lot of hope and the prospects for society. Warmth. Movies are not made by accumulation of money. This movie is good because of the things behind the story. I think Chinese movies are not far away from Oscars. To truly make a good movie, you must love movies, not fame and fortune."
Since 2015, Participant, led by CEO David Linde, has struggled to survive despite investments from the billionaire.
According to the New York Times, the works of Participant Media Co., Ltd. rely on major Hollywood blockbusters and streaming media companies for distribution. However, today, both online and offline companies in Hollywood are tightening expenditures. , which is very detrimental to the participants. Moreover, based on the boss's own ideas, they never produce any entertainment works, and all they shoot are relatively niche content. The founder of
was eBay's No. 1 employee
Jeff Skoll, 59, from Canada, was eBay's first full-time employee and first president. He formulated the company's first business plan and led The company's IPO was successful. eBay later became one of the world's largest online auction and retail platforms.
Skoll built his fortune before leaving eBay in 2001. At the same time, he also formed the Skoll Foundation, which has been dedicated to supporting social entrepreneurship. He later founded Participant Corporation.
Bloomberg’s real-time list of billionaires shows that Skoll’s current net worth is approximately US$6.95 billion.
In a 2007 TED Talk, Skoll recalled that his original intention in creating Participant Company was to invest in social organizations and commercial enterprises committed to social change, and to produce films such as "Gandhi" and "Schindler's List". ” Such an inspiring movie.
In 2014, Skoll also said when giving a speech at the University of California, Los Angeles, "My original intention in founding Participant Media Company was to believe in the power of movies and to believe that as long as good stories are told, positive social changes can be triggered. I want to do The most important thing is entertainment works that can influence society. I believe that feature films, documentaries, TV, and dramas can inspire audiences to participate in solving real-life problems. Moreover, this approach is by no means a fad, but will become the future of the entire entertainment industry. ."
Editor | Lu Xiangyong Du Hengfeng
Proofreading | Duan Lian
Daily Economic News Comprehensive from The Paper, Qilu Evening News, Skoll Foundation official website, etc.
Daily Economic News
