Charles D. King is getting it done. His company MACRO, the genius behind the acclaimed movie Fences, creates and finances film, television, digital content, technologies and brands driven by people of color and universal themes, recently announced that it has raised an additional $150 million in financing to produce four to six television and film projects a year.
Who’s putting up the money? Organizations like the Emerson Collective, Ford Foundation, the W.K. Kellogg Foundation and The Libra Foundation.
“With MACRO going into its third year, we have seen the initial seeds we planted come to fruition both commercially and critically,” said King, founder and CEO, MACRO in a prepared statement. “Our success is proof that our slate is striking a chord with audiences globally. This round of financing provides the capital necessary to build a robust slate of content that authentically represents the multi-faceted spectrum of our communities.”
The nascent company has already made a big impact. The company’s first major studio feature Fences, distributed by Paramount Pictures and co-financed by MACRO, grossed over $64 million at the box office and received four 2017 Academy Award® nominations. The film won a myriad of awards including Viola Davis’ Academy Award® and Golden Globe wins for Best Supporting Actress In a Motion Picture and Denzel Washington’s first-ever SAG Award—Best Male Actor in a Motion Picture.
There’s more great work to come – next month’s release Mudbound, directed by Dee Rees starring Carey Mulligan, Jason Clarke, Jason Mitchell and Mary J. Blige; premiered at the 2017 Sundance Film Festival to critical acclaim and was acquired by Netflix in the highest sale of the festival. The film was produced and co-financed by MACRO. Roman J. Israel, Esq. is the company’s second major studio feature. The legal drama, written and directed by Dan Gilroy with Denzel Washington and Colin Farrell starring, was co-financed by MACRO along with Sony Pictures.