NEW FILM COMPANY RAISES $150 MILLION TO LAUNCH MORE DIVERSE FILM/TV STORIES
Charles D. King, a former partner at the Hollywood agency WME and founder and CEO of MACRO has raised $150 million in financing to produce four to six television and film projects. Companies including the Emerson Collective, Ford Foundation, the W.K. Kellogg Foundation and The Libra Foundation have contributed to the financing.
MACRO, which launched in 2015, is a multi-media company that produces movies, TV shows, and online digital content, with an eye towards diversity. The studio is behind Denzel Washington’s Oscar nominated film “Fences,” as well as director Dee Rees’s upcoming drama “Mudbound" starring Mary J. Blige.