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Open Road Films, LLC (formerly Global Road Entertainment from 2017 to 2018) is an American film production and distribution company based in Los Angeles, California. It was founded by Eric Hohl on March 26, 2011 as a joint venture between the two largest American theatrical exhibitors,
AMC Theatres AMC Entertainment Holdings, Inc. (d/b/a AMC Theatres, originally an abbreviation for American Multi-Cinema; often referred to simply as AMC and known in some countries as AMC Cinemas or AMC Multi-Cinemas) is an American movie theater chain fou ...
and
Regal Entertainment Group Regal Cinemas (also Regal Entertainment Group) is an American movie theater chain headquartered in Knoxville, Tennessee. A division of Cineworld, Regal operates the second-largest theater circuit in the United States, with over 7,200 screens i ...
, which both owned the company until it was bought out by Tang Media Partners, a media company owned by
Donald Tang Donald Tang is an American businessman. He is the founder of Tang Media Partners and Global Road Entertainment. Tang is the former vice chairman of Bear Stearns and former chairman of Bear Stearns Asia. Early life Tang was born in Shanghai, China ...
, in August 2017. After Tang's purchase, both companies Open Road and
IM Global IM Global was an American independent film and TV production company, The company was founded by Stuart Ford in April 2007 and operating in international film, television and music production, as well as sales and international distribution. The ...
merged and formed "Global Road Entertainment". In September 2018, Open Road declared
Chapter 11 bankruptcy Chapter 11 of the United States Bankruptcy Code (Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, whe ...
. The bankruptcy did not affect TMP, IM Global or IM Global TV. On November 6, 2018, Open Road agreed to be purchased by Raven Capital Management. Raven completed its acquisition in February 2019.


Company history


Open Road Films (first incarnation)

In March 2011, rival theater chains
AMC Entertainment AMC Entertainment Holdings, Inc. (d/b/a AMC Theatres, originally an abbreviation for American Multi-Cinema; often referred to simply as AMC and known in some countries as AMC Cinemas or AMC Multi-Cinemas) is an American movie theater chain fou ...
and
Regal Entertainment Group Regal Cinemas (also Regal Entertainment Group) is an American movie theater chain headquartered in Knoxville, Tennessee. A division of Cineworld, Regal operates the second-largest theater circuit in the United States, with over 7,200 screens i ...
announced the hiring of
Tom Ortenberg Tom Ortenberg (born 8 August 1960) is an American businessman. Early life and career Ortenberg was born to a Jewish family on 8 August 1960, in Briarcliff Manor, New York. He attended Pennsylvania State University and graduated in 1982. While th ...
as Chief Executive Officer of a new company, Open Road Films, it was founded by Eric Hohl as a Chairman, former executive of
MGM Metro-Goldwyn-Mayer Studios Inc., also known as Metro-Goldwyn-Mayer Pictures and abbreviated as MGM, is an American film, television production, distribution and media company owned by Amazon through MGM Holdings, founded on April 17, 1924 a ...
's
United Artists United Artists Corporation (UA), currently doing business as United Artists Digital Studios, is an American digital production company. Founded in 1919 by D. W. Griffith, Charlie Chaplin, Mary Pickford, and Douglas Fairbanks, the studi ...
(1998-2006) and
SPE SPE may refer to: Science and technology * Spe (planet), 14 Andromedae b * Serum protein electrophoresis * Solar particle event,generating very high energy protons * Solid phase extraction, from a mixture * Epitaxy#Solid-phase, Solid-phase epitax ...
's
TriStar Pictures TriStar Pictures, Inc. (spelled as Tri-Star until 1991) is an American film studio and production company that is a member of the Sony Pictures Motion Picture Group, part of the multinational conglomerate Sony. It is a corporate sibling of Sony ...
(2006-2011). Ortenberg, previously an executive of
Lionsgate Lions Gate Entertainment Corporation, doing business as Lionsgate, is a Canadian-American entertainment company. It was formed by Frank Giustra on July 10, 1997, domiciled in Vancouver, British Columbia, Canada and is currently headquartered ...
and
The Weinstein Company The Weinstein Company (usually credited or abbreviated as TWC) was an American independent film studio, founded in New York City by Bob and Harvey Weinstein in March 2005. TWC was one of the largest mini-major film studios in North America prior ...
, filled out his executive team with the April 2011 hirings of Jason Cassidy (president of marketing), Elliott Kleinberg (General Counsel and executive vice president of operations and business affairs), Steven Andriuzzo (chief financial officer), and Ben Cotner (senior vice president of acquisitions). Open Road's titles are distributed in the home entertainment market by
Universal Pictures Home Entertainment Universal Pictures Home Entertainment (formerly Universal Studios Home Entertainment, Universal Studios Home Video, MCA/Universal Home Video, MCA Home Video, MCA Videodisc and MCA Videocassette, Inc.) is the home video distribution division of Am ...
(UPHE), a deal that was signed in June 2011. In June 2011, a few months after it started operations, Open Road Films signed a
pay-TV Pay television, also known as subscription television, premium television or, when referring to an individual service, a premium channel, refers to subscription-based television services, usually provided by multichannel television providers, but ...
deal with
Netflix Netflix, Inc. is an American subscription video on-demand over-the-top streaming service and production company based in Los Gatos, California. Founded in 1997 by Reed Hastings and Marc Randolph in Scotts Valley, California, it offers a fil ...
, which expired in 2016. After Showtime expires in 2020, Netflix re-added Open Road movies in 2020. The studio released its first film, '' Killer Elite'', on September 23, 2011, directed by
Gary McKendry Gary McKendry is a Northern Irish film and television commercial director. His short film '' Everything in This Country Must'' was nominated for an Academy Award in 2005. Biography McKendry was born and raised in Ballyclare, County Antrim, N ...
and starring
Jason Statham Jason Statham (; born 26 July 1967) is an English actor. He is known for portraying characters in various action-thriller films who are typically tough, hardboiled, gritty, or violent. Statham began practising Chinese martial arts, kickboxing ...
,
Clive Owen Clive Owen (born 3 October 1964) is an English actor. He first gained recognition in the United Kingdom for playing the lead role in the ITV series '' Chancer'' from 1990 to 1991. He received critical acclaim for his work in the film '' Close ...
and
Robert De Niro Robert Anthony De Niro Jr. ( , ; born August 17, 1943) is an American actor. Known for his collaborations with Martin Scorsese, he is considered to be one of the best actors of his generation. De Niro is the recipient of various accolades ...
. Open Road's 2015 film ''
Spotlight Spotlight or spot light may refer to: Lighting * Spot lights, automotive auxiliary lamps * Spotlight (theatre lighting) * Spotlight, a searchlight * Stage lighting instrument, stage lighting instruments, of several types Art, entertainment, an ...
'' received six
Academy Award The Academy Awards, better known as the Oscars, are awards for artistic and technical merit for the American and international film industry. The awards are regarded by many as the most prestigious, significant awards in the entertainment ind ...
nominations and became the surprise winner for
Best Picture This is a list of categories of awards commonly awarded through organizations that bestow film awards, including those presented by various film, festivals, and people's awards. Best Actor/Best Actress *See Best Actor#Film awards, Best Actress#F ...
at the
88th Academy Awards The 88th Academy Awards ceremony, presented by the Academy of Motion Picture Arts and Sciences (AMPAS), honored the best films of 2015 and took place on February 28, 2016, at the Dolby Theatre in Hollywood, Los Angeles, 5:30 p.m. PST. Du ...
, also winning for
Best Original Screenplay The Academy Award for Best Original Screenplay is the Academy Award for the best screenplay not based upon previously published material. It was created in 1940 as a separate writing award from the Academy Award for Best Story. Beginning with the ...
. These were the first Oscar wins for the company. In October 2013, the studio signed a pay-TV deal with
Showtime Showtime or Show Time may refer to: Film * ''Showtime'' (film), a 2002 American action/comedy film * ''Showtime'' (video), a 1995 live concert video by Blur Television Networks and channels * Showtime Networks, a division of Paramount Global w ...
that began in 2017 and expires in 2020. Open Road and UPHE extended its home distribution deal in February 2014 through 2017. On October 30, 2014, Open Road announced an international deal with
FilmNation Entertainment FilmNation Entertainment, LLC is an American film production, co-financing and international sales company, founded by film executive Glen Basner in 2008. History 2008: Founding FilmNation Entertainment is an independent film production and d ...
. The deal would allow the company to purchase worldwide rights and FilmNation selling and servicing international distribution.


Global Road Entertainment

Logo of Global Road Entertainment. Hohl left Open Road Films and it was purchased by Tang Media Partners in August 2017.
Rob Friedman Rob Friedman (born 1950) is an American media executive. He was the Co-Chairman of Lionsgate Motion Picture Group, overseeing all aspects of Lionsgate’s domestic and international feature film acquisition, production and distribution as well ...
joined Tang Media Partners in August 2017 as chairman and CEO of TMP Entertainment to oversee Open Road,
IM Global IM Global was an American independent film and TV production company, The company was founded by Stuart Ford in April 2007 and operating in international film, television and music production, as well as sales and international distribution. The ...
and IM Global TV. Open Road Films merged with
IM Global IM Global was an American independent film and TV production company, The company was founded by Stuart Ford in April 2007 and operating in international film, television and music production, as well as sales and international distribution. The ...
and formed Global Road Entertainment on October 30, 2017 with Friedman assuming the Global Road chairman and CEO posts. In 2017, the company announced plans to have a slate of approximately 15 films per year by 2020. At the
European Film Market The Berlin International Film Festival (german: Internationale Filmfestspiele Berlin), usually called the Berlinale (), is a major international film festival held annually in Berlin, Germany. Founded in 1951 and originally run in June, the festi ...
in February 2018, Global Road announced that it anticipated spending $1billion on film and television productions over the next three years, with production budgets projected to be in the $20million to $100million range. In 2018, the company made an agreement with
Blumhouse Productions Blumhouse Productions (; also known as BH Productions or simply BH) is an American film and television production company founded in 2000 by Jason Blum. It is known mainly for producing horror films, such as ''Paranormal Activity'', ''Insidio ...
to co-develop and co-finance low budget Chinese language genre films. Global Road's 2018 film distribution slate includes the teen drama ''
Midnight Sun The midnight sun is a natural phenomenon that occurs in the summer months in places north of the Arctic Circle or south of the Antarctic Circle, when the Sun remains visible at the local midnight. When the midnight sun is seen in the Arctic, t ...
'', starring
Bella Thorne Annabella Avery Thorne (born October 8, 1997) is an American actress, singer, and writer. She first received recognition for her roles as Margaux Darling in the series ''Dirty Sexy Money'' (2007–2008) and as Ruthy Spivey in the drama series ...
and
Patrick Schwarzenegger Patrick Arnold Shriver Schwarzenegger (born September 18, 1993) is an American model, actor, investor, and entrepreneur. He is the son of Arnold Schwarzenegger and Maria Shriver. Early life and family Schwarzenegger was born at Providence St ...
; family comedy ''
Show Dogs ''Show Dogs'' is a 2018 American buddy cop comedy film directed by Raja Gosnell and written by Max Botkin and Marc Hyman. It stars Will Arnett, Chris "Ludacris" Bridges, Natasha Lyonne, Jordin Sparks, Gabriel Iglesias, Shaquille O'Neal, Omar ...
'', starring
Will Arnett William Emerson Arnett (; born May 4, 1970) is a Canadian actor, comedian and producer. He is best known for his roles as Gob Bluth in the Fox/Netflix series ''Arrested Development'' (2003–2006, 2013, 2018–2019) and as the titular charact ...
; science fiction thriller ''The Silence'', which it acquired for US distribution; the action-thriller ''
Hotel Artemis ''Hotel Artemis'' is a 2018 American dystopian action crime film written and directed by Drew Pearce, in his feature film directorial debut. It stars Jodie Foster, Sterling K. Brown, Sofia Boutella, Jeff Goldblum, Charlie Day, Brian Tyree H ...
'', starring
Jodie Foster Alicia Christian "Jodie" Foster (born November 19, 1962) is an American actress and filmmaker. She is the recipient of numerous accolades, including two Academy Awards, three British Academy Film Awards, three Golden Globe Awards, and the ho ...
and Sterling K. Brown; science fiction family adventure ''
A.X.L. ''A.X.L.'' is a 2018 American science fiction adventure film written and directed by Oliver Daly and starring Alex Neustaedter, Becky G, Alex MacNicoll, Dominic Rains, and Thomas Jane. It tells the story of a teenage boy who encounters a robotic ...
''; and animated family adventure-comedy '' Playmobil: Uncharted''. Upcoming Global Road productions include ''
Serenity Serenity may refer to: Arts, entertainment, and media * ''Serenity'' (2019 film), a thriller starring Matthew McConaughey, Anne Hathaway and Diane Lane * Sailor Moon (character), also known as Princess Serenity and Neo-Queen Serenity, in the ' ...
'', a neo-noir thriller starring
Anne Hathaway Anne Jacqueline Hathaway (born November 12, 1982) is an American actress. The recipient of List of awards and nominations received by Anne Hathaway, various accolades, including an Academy Award, a Golden Globe Award, and a Primetime Emmy Awar ...
,
Matthew McConaughey Matthew David McConaughey ( ; born November 4, 1969) is an American actor. He had his breakout role with a supporting performance in the coming-of-age comedy '' Dazed and Confused'' (1993). After a number of supporting roles, his first succes ...
,
Diane Lane Diane Colleen Lane (born January 22, 1965) is an American actress. Born and raised in New York City, Lane made her screen debut at age 14 in George Roy Hill's 1979 film ''A Little Romance''. The two films that could have catapulted her to star ...
and directed by
Steven Knight Steven Knight (born 1 April 1959) is a British screenwriter, film director and film producer. Knight wrote the screenplays for the films ''Closed Circuit'', '' Dirty Pretty Things'', and ''Eastern Promises'', and also wrote and directed the f ...
; '' Richard Says Goodbye'', a comedy-drama starring
Johnny Depp John Christopher Depp II (born June 9, 1963) is an American actor and musician. He is the recipient of multiple accolades, including a Golden Globe Award and a Screen Actors Guild Award, in addition to nominations for three Academy Award ...
and directed by Wayne Roberts; the science-fiction romance '' Zoe'', starring
Ewan McGregor Ewan Gordon McGregor ( ; born 31 March 1971) is a Scottish actor. His accolades include a Golden Globe Award, a Primetime Emmy Award, and the BAFTA Britannia Humanitarian Award. In 2013, he was appointed Officer of the Order of the British ...
; and ''Mortal'', directed by
André Øvredal André Øvredal (; born 1973) is a Norwegian film director and screenwriter. He is best known for directing the films ''Trollhunter'', ''The Autopsy of Jane Doe'' and ''Scary Stories to Tell in the Dark''. Life and career He is best known for w ...
. The company's film ''
I Think We're Alone Now "I Think We're Alone Now" is a song written and composed by Ritchie Cordell that was first recorded by Tommy James and the Shondells. It was a major hit for group, reaching number 4 on the US Hot 100 in April 1967. It finished at No. 12 on ''Bil ...
'', starring
Peter Dinklage Peter Hayden Dinklage (; born June 11, 1969) is an American film, television and stage actor. He received international recognition for portraying Tyrion Lannister on the HBO television series ''Game of Thrones'' (2011–2019), for which he wo ...
,
Elle Fanning Mary Elle Fanning (born April 9, 1998) is an American actress. She made her film debut as the younger version of her sister Dakota Fanning's character in the drama film ''I Am Sam'' (2001). As a child actress, she appeared in several films, inc ...
and
Paul Giamatti Paul Edward Valentine Giamatti (; born June 6, 1967) is an American actor and film producer. He first garnered attention for his breakout role in '' Private Parts'' as Kenny "Pig Vomit" Rushton, leading to supporting roles in ''Saving Private R ...
, premiered at the
2018 Sundance Film Festival The 2018 Sundance Film Festival took place from January 18 to January 28, 2018. The first lineup of competition films was announced on November 29, 2017. Awards The following awards were presented: * U.S. Dramatic Grand Jury Prize Award: '' Th ...
. Global Road's television arm develops scripted and non-scripted programming for both U.S. and global markets. Shows being developed include ''Cat's Cradle'', a limited series based on
the novel ''The Novel'' (1991) is a novel written by American author James A. Michener. A departure from Michener's better known historical fiction, ''The Novel'' is told from the viewpoints of four different characters involved in the life and work of ...
by
Kurt Vonnegut Kurt Vonnegut Jr. (November 11, 1922 – April 11, 2007) was an American writer known for his satirical and darkly humorous novels. In a career spanning over 50 years, he published fourteen novels, three short-story collections, five plays, and ...
, being written and executive produced by
Noah Hawley Noah ''Nukh''; am, ኖህ, ''Noḥ''; ar, نُوح '; grc, Νῶε ''Nôe'' () is the tenth and last of the pre-Flood patriarchs in the traditions of Abrahamic religions. His story appears in the Hebrew Bible (Book of Genesis, chapters 5– ...
for FX; ''Kilroy County'', a dark comedy from
Alexander Payne Constantine Alexander Payne (; born February 10, 1961) is an American film director, screenwriter and producer. He is best known for the films ''Citizen Ruth'' (1996), ''Election'' (1999), ''About Schmidt'' (2002), ''Sideways'' (2004), ''The Desc ...
and Jim Taylor being developed for
Showtime Showtime or Show Time may refer to: Film * ''Showtime'' (film), a 2002 American action/comedy film * ''Showtime'' (video), a 1995 live concert video by Blur Television Networks and channels * Showtime Networks, a division of Paramount Global w ...
;
Jenji Kohan Jenji Leslie Kohan (born July 5, 1969) is an American television writer and producer. She is best known as the creator and showrunner of the Showtime comedy-drama series '' Weeds'' and the Netflix comedy-drama series ''Orange Is the New Black''. S ...
's Lifetime drama '' American Princess''; ''Muscle Shoals'', a drama in development at
ABC ABC are the first three letters of the Latin script known as the alphabet. ABC or abc may also refer to: Arts, entertainment, and media Broadcasting * American Broadcasting Company, a commercial U.S. TV broadcaster ** Disney–ABC Television ...
with Johnny Depp as executive producer; the eight-part crime drama ''Cold Courage'', based on the novels by Pekka Hiltunen; ''Fried Chicken and Latkes'', an adaptation of
Rain Pryor Rain Pryor is an American actress and comedian. Her television credits include sitcoms ''Head of the Class'' and '' Rude Awakening''. She is the daughter of comedian Richard Pryor. Early life Pryor was born in Los Angeles, California, the daugh ...
's one-woman comedy show; ''Jett'', a crime drama starring and executive produced by
Carla Gugino Carla Gugino (; born August 29, 1971) is an American actress. After appearing in ''Troop Beverly Hills'' (1989) and ''This Boy's Life'' (1993), she received recognition for her starring roles as Ingrid Cortez in the ''Spy Kids'' trilogy (2001 ...
for
Cinemax Cinemax is an American pay television, cable, and satellite television network owned by the Home Box Office, Inc. subsidiary of Warner Bros. Discovery. Developed as a companion "maxi-pay" service complementing the offerings shown on parent net ...
; the reality cooking competition '' Fridge Wars'' for
Canada Canada is a country in North America. Its ten provinces and three territories extend from the Atlantic Ocean to the Pacific Ocean and northward into the Arctic Ocean, covering over , making it the world's second-largest country by tot ...
's CBC network; and global rights to ''
Idiotest ''Idiotest'' (a portmanteau of "idiot" and "test" and stylized with the second letter ''i'' inverted) is an American Game show, television game show broadcast by Game Show Network (GSN). Hosted by Ben Gleib, the series features contestants in t ...
'', based on the
Game Show Network Game Show Network (GSN) is an American basic cable channel owned by Sony Pictures Television. The channel's programming is primarily dedicated to game shows, including reruns of acquired game shows, along with new, first-run original and revive ...
quiz show. In January 2018, Global Road signed a development deal with
Reginald Hudlin Reginald Alan Hudlin (born December 15, 1961) is an American film screenwriter, director, producer, and comic-book writer. Along with his older brother Warrington Hudlin, he is known as one of the Hudlin Brothers. From 2005 to 2008, Hudlin was P ...
and Byron Phillips through their company New Nation Networks, under which Hudlin and Phillips would develop and produce original content for Global Road. Later that month, the company signed a first-look television deal with
Adam Shankman Adam Michael Shankman (born November 27, 1964) is an American film director, producer, writer, dancer, author, actor, and choreographer. He was a permanent judge on season 6–7 of the television program ''So You Think You Can Dance''. He began h ...
and
Jennifer Gibgot Adam Michael Shankman (born November 27, 1964) is an American film director, producer, writer, dancer, author, actor, and choreographer. He was a permanent judge on season 6–7 of the television program ''So You Think You Can Dance''. He began h ...
's production company
Offspring Entertainment Offspring Entertainment is a production company owned by producers Adam Shankman and Jennifer Gibgot. The company was established by the siblings in 2004 after their work together on the film ''The Wedding Planner'', which Gibgot produced and Shan ...
; projects announced under this deal include ''Wolfgang'', based on the life of
Wolfgang Amadeus Mozart Wolfgang Amadeus Mozart (27 January 17565 December 1791), baptised as Joannes Chrysostomus Wolfgangus Theophilus Mozart, was a prolific and influential composer of the Classical period. Despite his short life, his rapid pace of composition r ...
, and an untitled comedy from husband-and-wife actor-producers
Carlos Carlos may refer to: Places ;Canada * Carlos, Alberta, a locality ;United States * Carlos, Indiana, an unincorporated community * Carlos, Maryland, a place in Allegany County * Carlos, Minnesota, a small city * Carlos, West Virginia ;Elsewhere ...
and
Alexa PenaVega Alexa Ellesse PenaVega (née Vega; born August 27, 1988) is an American actress and singer. She is known for her roles as Carmen Cortez in the ''Spy Kids'' film series and Julie Corky in the 2004 film ''Sleepover''. In 2009, she starred as the ...
. Around the same time, Global Road also announced co-development deals with French production company
Newen Newen is a French television production company, the producers of such shows as ''Versailles'', ''Braquo'', and ''Plus belle la vie''. In November 2015, TF1, France's leading television network, bought a 70% share of Fabrice Larue's FLCP, the h ...
and the
Ukrainian Ukrainian may refer to: * Something of, from, or related to Ukraine * Something relating to Ukrainians, an East Slavic people from Eastern Europe * Something relating to demographics of Ukraine in terms of demography and population of Ukraine * So ...
Film.UA Group.


Financing issues

Global Road's film unit was taken over by its primary lenders,
Bank of America The Bank of America Corporation (often abbreviated BofA or BoA) is an American multinational investment bank and financial services holding company headquartered at the Bank of America Corporate Center in Charlotte, North Carolina. The bank w ...
and
East West Bank East West Bank (), the primary subsidiary of East West Bancorp, Inc., is the largest publicly traded bank headquartered in Southern California, United States. It was founded in 1973 in Los Angeles to serve the Chinese American community in S ...
, in August 2018 as
Donald Tang Donald Tang is an American businessman. He is the founder of Tang Media Partners and Global Road Entertainment. Tang is the former vice chairman of Bear Stearns and former chairman of Bear Stearns Asia. Early life Tang was born in Shanghai, China ...
had not raised enough funds for Global Road. Lenders did have Global Road release ''
A.X.L. ''A.X.L.'' is a 2018 American science fiction adventure film written and directed by Oliver Daly and starring Alex Neustaedter, Becky G, Alex MacNicoll, Dominic Rains, and Thomas Jane. It tells the story of a teenage boy who encounters a robotic ...
'' while stopping the release of ''City of Lies'', slated for September 7, 2018. With A.X.L. not doing well at the box office, the company was forced to lay off employees without severance, a requirement of the lenders. The company was also looking to sell a number of its upcoming films, '' Paws of Fury: The Legend of Hank'' ''City of Lies'', '' The Silence'' ''
Duck Duck Goose Duck, Duck, Goose (also called Duck, Duck, Gray Duck or Daisy in the Dell or Quail, Quail, Quarry sometimes in New Jersey and New England) is a traditional children's game often first learned in preschool or kindergarten. The game may be later a ...
'' '' Arctic Justice'' and '' Playmobil The Movie''; it was also "backing out of" development for ''The Secret Garden''. The company was also sued along with TV rights distributor
Miramax Miramax, LLC, also known as Miramax Films, is an American film and television production and distribution company founded on December 19, 1979, by brothers Harvey and Bob Weinstein, and based in Los Angeles, California. It was initially a leadi ...
by lender Bank Leumi over loans for ''City of Lies''. On September 6, 2018, Global Road's film unit filed for Chapter 11 bankruptcy. On October 23, 2018, Global Road filed with the court plans for an auction of its assets beginning November 7 with a stalking horse bidder selected with term of $800,000 in expenses coverage and a $2.1million outbid fee if approve by the judge. In November 2018 after lack luster auction bidding, Open Road agreed to be purchased by Raven Capital Management for $87.5million pending court approval. On December 19, 2018, a Delaware bankruptcy judge approved the purchase and the acquisition took effect on February 7, 2019.


Open Road Films (second incarnation)

Open Road Films indicated its come back in June of 2020 at the virtual Cannes by indicate its recapitalization of Open Road Films by Raven and named the production company's leadership of Raven principal James Masciello with key assistance from Matt Sidari. The company indicated that is partnering with Briarcliff Entertainment, Tom Ortenberg's new company, in acquiring and releasing films starting with '' Honest Thief''. Raven also indicated that it was a financier of Sculptor Media, whom Raven would look toward for development and production of films.


Management

In August 2017,
Rob Friedman Rob Friedman (born 1950) is an American media executive. He was the Co-Chairman of Lionsgate Motion Picture Group, overseeing all aspects of Lionsgate’s domestic and international feature film acquisition, production and distribution as well ...
was named Global Road's chairman and CEO after Eric Hohl left the company.Dave McNary
"IM Global, Open Road Owner Tang Media Rebrands as Global Road Entertainment,"
''Variety'', October 30, 2017.
Rodolphe Buet was named president of international in October 2017, and the following month Lynn Harris was named president of worldwide production. In early 2018, Jack Pan was named president of worldwide theatrical marketing.Dave McNary
"Jack Pan Tapped as Marketing President for Global Road Entertainment,"
''Variety'', November 8, 2017.
In March 2018, the company announced several new hires to their international operations division, including Charlotte Van Weede as President of International Sales (replacing Michael Rothstein); Brad Kembel as Executive Vice President of Distribution and Operations; Melissa Martinez as Executive Vice President of International Marketing; and Sarah Genazzani as Director of International Marketing, with Executive Vice President of International Sales Tatyana Joffe extending her contract to work with the new team.


Distribution library


References


External links


Official website
{{Authority control 2011 establishments in California 2017 mergers and acquisitions 2019 mergers and acquisitions American companies established in 2011 AMC Theatres Companies based in Los Angeles Companies that filed for Chapter 11 bankruptcy in 2018 Entertainment companies based in California Entertainment companies established in 2011 Film distributors of the United States Film production companies of the United States Joint ventures Mass media companies established in 2011 Regal Entertainment Group