In 2017, the company announced plans to have a slate of approximately 15 films per year by 2020.

Open Road Films merged with IM Global and formed Global Road Entertainment on October 30, 2017, with Friedman assuming the Global Road chairman and CEO posts. Rob Friedman joined Tang Media Partners in August 2017 as chairman and CEO of TMP Entertainment to oversee Open Road, IM Global and IM Global TV. Hohl left Open Road Films for MGM (before American International Pictures in 2020) and it was purchased by Tang Media Partners in August 2017. Global Road Entertainment Logo of Global Road Entertainment. The deal would allow the company to purchase worldwide rights and FilmNation selling and servicing international distribution. On October 30, 2014, Open Road announced an international deal with FilmNation Entertainment. Open Road and UPHE extended its home distribution deal in February 2014 through 2017. In October 2013, the studio signed a pay-TV deal with Showtime that began in 2017 and expires in 2020. These were the first Oscar wins for the company. 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. 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. After Showtime expires in 2020, Netflix re-added Open Road movies in 2020. In June 2011, a few months after it started operations, Open Road Films signed a pay-TV deal with Netflix, which expired in 2016. 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. Ortenberg, previously an executive of Lionsgate 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). 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, it was founded by Eric Hohl as a chairman, former executive of MGM's United Artists (1998-2006) and SPE's TriStar Pictures (2006-2011). Company history Open Road Films (first incarnation) Raven completed its acquisition in February 2019.

On November 6, 2018, Open Road agreed to be purchased by Raven Capital Management. The bankruptcy did not affect TMP, IM Global or IM Global TV. In September 2018, Open Road declared Chapter 11 bankruptcy. It was founded by Eric Hohl 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.Īfter Tang's purchase, both companies Open Road and IM Global merged and formed 'Global Road Entertainment'. 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.

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