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An Inconvenient Truth, Multiplied by 18? We're On Board.
Submitted by Josh Bolotsky on Fri, 09/12/2008 - 5:17pm.
We're unabashed huge fans of Particpant Media - and not just because the Director of Screening Liberally, Wendy Cohen, has found a wonderful home there promoting progressive media (though that certainly doesn't hurt.) It's just that, between An Inconvenient Truth on the climate crisis, The Visitor on post-9/11 xenophobia and Standard Operating Procedure on Abu Ghraib and the mindset that allowed it, they're doing such a great job fulfilling their mission statement as a production company with a conscience, spreading a progressive message with a spoonful of sugar when necessary.
Which is why we were so overjoyed to read this:
Los Angeles-based entertainment company Participant Media has partnered with imagenation abu dhabi to create a $250 million fund that will finance 15 - 18 narrative features over five years, Jim Berk, CEO of Participant and Edward Brogerding, CEO of Abu Dhabi Comany and imagenation announced Wednesday.
Responding to concerns that this would in any way blunt their critical eye on global issues:
CEO Jim Berk strenuously denied this. "We will never enter any agreement that restricts our mandate for social change," he said. "Nothing will stop, change or alter our approach to material, and there are no restrictions, requirements or elements in this fund that will change that in any way."
It's always very exciting stuff to see key partners in the progressive movement prove their economic sustainability, and this is no different - hopefully this serves as an overture for the long-term stability of Participant Media, which is certainly producing some great stuff thus far.
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