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Laurene Powell Jobs Is Said to Finance Documentary Movie Studio

  • Project’s first film, ‘Kailash,’ was honored at Sundance
  • Widow of Steve Jobs is working with filmmaker Davis Guggenheim
Laurene Powell Jobs
Laurene Powell JobsPhotographer: Steve Jennings/Getty Images North America

Billionaire Laurene Powell Jobs is investing more of her fortune in Hollywood by backing a movie studio alongside Oscar-winning director Davis Guggenheim, according to people with knowledge of the situation.

Emerson Collective LLC, a philanthropic firm founded by Powell Jobs, co-founded a startup tasked with producing and financing documentary films and series, said the people, who asked not to be identified. The Venice, California-based business goes by the name Concordia Studio and already has a film to its credit, “Kailash,” which was honored at the Sundance Film Festival.