The debt and equity financing comes from Emerson Collective, the investment venture headed by Laurene Powell Jobs, who was already a backer of Macro; as well as the Ford Foundation, W.K. Kellogg Foundation, and Libra Foundation. The new coin follows an initial eight-figure round of investment that Macro had at its launch in January 2015.
Macro’s mission of developing content that authentically represents the broad spectrum of stories and experiences among people of color has been a draw for foundations and other private equity sources looking for what has become known as “impact investing.”
“In supporting Charles and his extraordinary vision, I am thrilled to see the success Macro has generated in such a short period of time,” said Jobs, founder and president of Emerson Collective. “More than ever, it is vitally important that the content we consume reflects the complex diversity of who we are, inspires us to better understand experiences and perspectives different than our own, and brings forth talent, voices and stories that have been silent and unheard for too long.”
Charles King’s Macro, the production banner behind “Fences” and “Mudbound,” has raised another $150 million to help finance an annual slate of four to six film and …