Bryn Mooser’s (pictured) XTR secured a US$17.5 million injection from Tony Hsieh, the former CEO of online apparel company Zappos, to support the non-fiction studio’s production slate and upcoming projects, the company revealed Wednesday (Oct. 7).
The funds will be used to finish films that are currently in production and scheduled to be released in 2021, with additional underwriting of future original documentaries.
Hsieh, an Internet entrepreneur and venture capitalist, is also boarding the company as partner in Documentary Plus+, XTR’s forthcoming streaming service, set to launch this fall.
Roberto Grande will manage the partnership and produce alongside Hsieh.
XTR’s previous releases include Netflix’s Mucho Mucho Amor, Magnolia’s ACLU feature The Fight, Utopia’s Bloody Nose, Empty Pockets along with Neon’s upcoming You Cannot Kill David Arquette and PBS’s Feels Good Man.
The studio also recently announced production on an upcoming feature documentary on Los Angeles basketball icon Magic Johnson.