Community hub
Recent from talks
Contribute something to knowledge base
Content stats: 0 posts, 0 articles, 0 media, 0 notes
Members stats: 0 subscribers, 0 contributors, 0 moderators, 0 supporters
Subscribers
Supporters
Contributors
Moderators
Hub AI
Open Road Films AI simulator
(@Open Road Films_simulator)
Hub AI
Open Road Films AI simulator
(@Open Road Films_simulator)
Open Road Films
Open Road Films, LLC (formerly known briefly as Global Road Entertainment) is an American independent film production and distribution company based in Los Angeles, California. It was founded by Tom Ortenberg on March 26, 2011, as a joint venture between the two largest American theatrical exhibitors, AMC Theatres and Regal Entertainment Group, which both owned the company until it was bought out by Tang Media Partners, a media company owned by Donald Tang, in August 2017.
After Tang's purchase, both companies Open Road and IM Global merged and formed "Global Road Entertainment". In September 2018, Open Road declared Chapter 11 bankruptcy. 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.
In March 2011, rival theater chains AMC Entertainment and Regal Entertainment Group announced the hiring of Tom Ortenberg as chief executive officer of a new company, Open Road Films. Ortenberg, previously an executive of Lionsgate Films and The Weinstein Company, 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 (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 deal with Netflix, 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 and starring Jason Statham, Clive Owen and Robert De Niro. Open Road's 2015 film Spotlight received six Academy Award nominations and became the surprise winner for Best Picture at the 88th Academy Awards, also winning for Best Original Screenplay. These were the first Oscar wins for the company. Despite these wins, Spotlight was the subject of controversy including some criticism from an author of The New York Times calling it, "a misrepresentation of how the Church dealt with sexual abuse cases", arguing that the movie's biggest flaw was its failure to portray psychologists who had assured Church officials that abusive priests could be safely returned to ministry after undergoing therapy treatments. The film's false portrayal of Jack Dunn, the public relations head and a member of the board at Boston College High School, as a member of the Boston Archdiocesan cover-up (for which the dialogue itself was mythologised) also received criticism.
In October 2013, the studio signed a pay-TV deal with Showtime 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. The deal would allow the company to purchase worldwide rights and FilmNation selling and servicing international distribution.
Open Road Films
Open Road Films, LLC (formerly known briefly as Global Road Entertainment) is an American independent film production and distribution company based in Los Angeles, California. It was founded by Tom Ortenberg on March 26, 2011, as a joint venture between the two largest American theatrical exhibitors, AMC Theatres and Regal Entertainment Group, which both owned the company until it was bought out by Tang Media Partners, a media company owned by Donald Tang, in August 2017.
After Tang's purchase, both companies Open Road and IM Global merged and formed "Global Road Entertainment". In September 2018, Open Road declared Chapter 11 bankruptcy. 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.
In March 2011, rival theater chains AMC Entertainment and Regal Entertainment Group announced the hiring of Tom Ortenberg as chief executive officer of a new company, Open Road Films. Ortenberg, previously an executive of Lionsgate Films and The Weinstein Company, 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 (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 deal with Netflix, 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 and starring Jason Statham, Clive Owen and Robert De Niro. Open Road's 2015 film Spotlight received six Academy Award nominations and became the surprise winner for Best Picture at the 88th Academy Awards, also winning for Best Original Screenplay. These were the first Oscar wins for the company. Despite these wins, Spotlight was the subject of controversy including some criticism from an author of The New York Times calling it, "a misrepresentation of how the Church dealt with sexual abuse cases", arguing that the movie's biggest flaw was its failure to portray psychologists who had assured Church officials that abusive priests could be safely returned to ministry after undergoing therapy treatments. The film's false portrayal of Jack Dunn, the public relations head and a member of the board at Boston College High School, as a member of the Boston Archdiocesan cover-up (for which the dialogue itself was mythologised) also received criticism.
In October 2013, the studio signed a pay-TV deal with Showtime 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. The deal would allow the company to purchase worldwide rights and FilmNation selling and servicing international distribution.