Justin Baldoni’s Wayfarer Studios Receives $125 Million Investment (EXCLUSIVE)
Elizabeth Wagmeister Senior CorrespondentWayfarer Studios — the independent production studio from filmmaker, author and “Jane the Virgin” actor Justin Baldoni — has received a $125M investment to boost strategic growth and further the company’s production of film, television, documentaries, podcasts and new media projects, Variety has learned exclusively.The private investment comes from Wayfarer Studios’ co-founder Steve Sarowitz, the entrepreneur, billionaire philanthropist and chairman of software company Paylocity, along with his wife, Jessica Sarowitz. Wayfarer was founded in 2019 by Baldoni and Sarowitz, who has served as an active advisor since the company’s inception.Wayfarer Studios’ mission is to bring people together and highlight connection through storytelling.