Hollywood Mourns Participant, the Oscar-Winning Studio that Wanted to Save the World

Variety

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Media Conglomerate: Penske Media Corporation

Hollywood Mourns Participant, the Oscar-Winning Studio that Wanted to Save the World

End of an era, end of a business model, end of a gravy train, end of the world. There were plenty of mixed emotions this week in response to the closure of Oscar-winning production company Participant, and at the very least the industry has agreed something has come to an end. When Variety broke the news Tuesday that billionaire Jeff Skoll’s 20-year-old company will shut down — after fetching 21 Oscars and introducing a business model that pri…