New film company raises $150 million to bring diverse stories to film and TV

Charles D. King’s MACRO, the studio behind “Fences,” wants to highlight more “multi-faceted” stories.

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Charles D. King

By Zeba Blay, huffingtonpost.com

Charles D. King’s multi-platform media company MACRO is continuing its mission to bring better representation to Hollywood.

King, a former partner at the Hollywood agency WME and founder and CEO of MACRO, announced on Tuesday that his company has raised an additional $150 million in financing to produce four to six television and film projects ― annually. Companies including the Emerson Collective, Ford Foundation, the W.K. Kellogg Foundation and The Libra Foundation contributed to the financing.

MACRO, 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.”

Read more at http://www.huffingtonpost.com/entry/new-film-company-raises-150-million-to-bring-diverse-stories-to-film-and-tv_us_59d523d0e4b0becae801fa54?ncid=tweetlnkushpmg00000051

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