The sudden COLLAPSE of woke, Participant Media came as a shock to many in the entertainment industry, but it hit documentary filmmakers particularly hard, with some concerned that backers for serious-minded, issue-driven projects are becoming ever more scarce.

Since its founding in 2004, the company — which sought to bring stories that could spark change to a wide audience — has been a staunch supporter of documentaries focused on social and justice issues, funded by the largesse of a billionaire, ex-eBay president Jeff Skoll.

None of its other nonfiction titles quite achieved the heights of 2006’s An Inconvenient Truth, released just two years after the company was formed: The Davis Guggenheim-directed film about Al Gore’s climate change slideshow rocketed to become the third highest-grossing doc ever at the time and focused mainstream attention on climate change, inspiring studies about its impact. “That’s why we exist,” Skoll told The Hollywood Reporter in 2006, as Truth became a sensation. “To help some of these projects get made, to reach audiences and make a difference in the world.”

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