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Global Road Entertainment

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Global Road Entertainment, LLC
Formerly
Open Road Films (2011-2017)
Subsidiary
IndustryFilm
FateChapter 11 Bankruptcy
FoundedMarch 26, 2011; 7 years ago (2011-03-26)
Key people
Rob Friedman
(Chairman & CEO)
ProductsMotion Pictures
OwnersTang Media Partners
SubsidiariesGlobal Road Television Entertainment
Websiteglobalroadentertainment.com

Global Road Entertainment is an American film production and distribution company based in Los Angeles, California. It was launched in March 2011 as Open Road Films by the two largest American theatrical exhibitors, AMC Theatres and Regal Entertainment Group, who both owned the company as a joint venture until it was acquired by Tang Media Partners, a media company owned by Donald Tang, in August 2017. After Tang's purchase, Open Road merged with IM Global and renamed to its current name.[1] In September 2018, Open Road declared Chapter 11 bankruptcy, and in November 2018, agreed to be purchased by Raven Capital Management pending court approval.

Company history

Open Road Films

Open-road-logo.png

In March 2011, rival theater chains AMC Entertainment and Regal Entertainment Group announced the hiring of Tom Ortenberg as Chief Executive Officer of their new production company, Open Road Films. Ortenberg, previously an executive of Lionsgate and The Weinstein Company,[2] 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).[3]

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.[4] In June 2011, a few months after it started operations, Open Road Films signed a pay-TV deal with Netflix,[5] which expired in 2016.

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.[6] 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.[7]

In October 2013, the studio signed a pay-TV deal with Showtime that began in 2017 and expires in 2020.[8] Open Road and UPHE extended its home distribution deal in February 2014 through 2017.[9]

On October 30, 2014, Open Road announced an international deal with FilmNation Entertainment. The deal would allow the company purchase worldwide rights and FilmNation selling and servicing international distribution.[10]

Global Road Entertainment

Open Road Films was purchased by Tang Media Partners in August 2017.[11] 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.[12] Open Road Films and fellow TMP Entertainment units were renamed to Global Road Entertainment on October 30, 2017 with Friedman assuming the Global Road chairman and CEO posts.[1]

In 2017, the company announced plans to have a slate of approximately 15 films per year by 2020.[13][14] At the European Film Market in February 2018, Global Road announced that it anticipated spending $1 billion on film and television productions over the next three years,[15] with production budgets projected to be in the $20 million to $100 million range.[15] In 2018, the company made an agreement with Blumhouse Productions to co-develop and co-finance low budget Chinese language genre films.[16]

Global Road's 2018 film distibution slate includes the teen drama Midnight Sun, starring Bella Thorne and Patrick Schwarzenegger;[17] family comedy Show Dogs, starring Will Arnett;[17] science fiction thriller The Silence, which it acquired for US distribution;[18] the action-thriller Hotel Artemis, starring Jodie Foster and Sterling K. Brown;[19] science fiction family adventure A.X.L.;[20] and animated family adventure-comedy Playmobil: Uncharted.[20]

Upcoming Global Road productions include Serenity, a neo-noir thriller starring Anne Hathaway, Matthew McConaughey, Diane Lane and directed by Steven Knight;[14] Richard Says Goodbye, a comedy-drama starring Johnny Depp and directed by Wayne Roberts;[14] the science-fiction romance Zoe, starring Ewan McGregor;[14][21] and Mortal, directed by André Øvredal.[14] The company's film I Think We're Alone Now, starring Peter Dinklage, Elle Fanning and Paul Giamatti, premiered at the 2018 Sundance Film Festival.[22]

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 by Kurt Vonnegut, being written and executive produced by Noah Hawley for FX; Kilroy County, a dark comedy from Alexander Payne and Jim Taylor being developed for Showtime; Jenji Kohan's Lifetime drama American Princess;[23] Muscle Shoals, a drama in development at ABC with Johnny Depp as executive producer;[24][25] the eight-part crime drama Cold Courage, based on the novels by Pekka Hiltunen;[26] Fried Chicken and Latkes, an adaptation of Rain Pryor's one-woman comedy show;[27] Jett, a crime drama starring and executive produced by Carla Gugino for Cinemax;[28] the reality cooking competition Fridge Wars for Canada's CBC network;[29] and global rights to Idiotest, based on the Game Show Network quiz show.[30]

In January 2018, Global Road signed a development deal with Reginald Hudlin and Byron Phillips through their company New Nation Networks, under which Hudlin and Phillips would develop and produce original content for Global Road.[31] Later that month, the company signed a first-look television deal with Adam Shankman and Jennifer Gibgot's production company Offspring Entertainment;[25] projects announced under this deal include Wolfgang, based on the life of Wolfgang Amadeus Mozart, and an untitled comedy from husband-and-wife actor-producers Carlos and Alexa PenaVega.[25] Around the same time, Global Road also announced co-development deals with French production company Newen and the Ukrainian FILM.UA Group.[29]

Global Road's film unit was taken over by its primary lenders, Bank of America and East West Bank, in August 2018 as Donald Tang had not raised enough funds for Global Road. Lenders did have Global Roads release A.X.L. while stopping the release of "City of Lies" slated for September 7, 2018.[32][33] With A.X.L. not doing well at the box office, the company was forced to layoff employees without severance, a requirement of the lenders. The company was also looking to sell a number of its upcoming films, City of Lies, The Silence and Playmobil; it was also 'backing out of' development for The Secret Garden.[32] The company was also sued along with TV rights distributor Miramax by lender Bank Leumi over loans for City of Lies.[34]

On September 6, 2018, Global Road's film unit filed for Chapter 11 Bankruptcy.[35] On October 23, 2018, Global Road filed with the court plans for an auction its assets beginning November 7th with a stalking horse bidder selected with term of $800,000 in expenses coverage and a $2.1 million outbid fee if approve by the judge.[36] In November 2018 after lack luster auction bidding, Open Road agreed to be purchased by Raven Capital Management for $87.5 million pending court approval.[37]

Management

In August 2017, Rob Friedman was named Global Road's chairman and CEO.[38][18] Rodolphe Buet was named president of international in October 2017,[14] and the following month Lynn Harris was named president of worldwide production.[39][40] In early 2018, Jack Pan was named president of worldwide theatrical marketing.[41]

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.[42]

Filmography

As Open Road Films

Release date Title Notes
September 23, 2011 Killer Elite distribution with FilmDistrict[43]
January 27, 2012 The Grey distribution with FilmDistrict[43]
March 9, 2012 Silent House distributed with Endgame Entertainment[44]
April 13, 2012 Lockout distribution with FilmDistrict[45]
August 24, 2012 Hit and Run [46]
September 21, 2012 End of Watch [47]
October 26, 2012 Silent Hill: Revelation [48]
November 21, 2012 Red Dawn distribution with FilmDistrict[43]
January 11, 2013 A Haunted House distribution with Endgame Entertainment[49]
February 8, 2013 Side Effects [50]
March 29, 2013 The Host [51]
August 16, 2013 Jobs [52]
October 11, 2013 Machete Kills [53]
November 29, 2013 Homefront [53]
December 27, 2013 Justin Bieber's Believe [54]
January 17, 2014 The Nut Job [55]
March 28, 2014[56] Sabotage' '[57]
April 18, 2014 A Haunted House 2 [58]
May 9, 2014 Chef [59]
July 25, 2014 The Fluffy Movie [60]
October 31, 2014 Nightcrawler
November 14, 2014 Rosewater
January 30, 2015 The Loft
March 20, 2015 The Gunman
April 24, 2015 Little Boy
June 19, 2015 Dope [61][62]
October 23, 2015 Rock the Kasbah [63]
November 6, 2015 Spotlight [64]
January 29, 2016 Fifty Shades of Black [65]
February 26, 2016 Triple 9 [66]
April 29, 2016 Mother's Day [67]
July 29, 2016 Gleason distribution with Amazon Studios[68]
September 16, 2016 Snowden [69]
October 14, 2016 Max Steel [70]
November 18, 2016 Bleed for This [71]
January 13, 2017 Sleepless [72]
February 24, 2017[73] Collide
March 3, 2017[74] Before I Fall
April 14, 2017[75] Spark
April 21, 2017 The Promise [76]
August 11, 2017 The Nut Job 2: Nutty by Nature [77]
September 8, 2017[78] Home Again
October 13, 2017 Marshall
October 27, 2017 All I See Is You

As Global Road Entertainment

Release date Title Notes
March 23, 2018 Midnight Sun [79]
May 5, 2018 Real
May 18, 2018 Show Dogs [80]
June 8, 2018 Hotel Artemis [81]
July 13, 2018 Siberia Production company only
July 20, 2018 Zoe Production company only [82]
August 24, 2018 A.X.L. [32]
August 31, 2018 Boarding School Production company only
September 14, 2018 I Think We're Alone Now Production company only
October 19, 2018 Serenity Production company only

Upcoming films

Release date Film Notes
December 7, 2018 The Silence[83]
February 22, 2019 The Rhythm Section[1][84] Production company only
August 16, 2019 Playmobil: The Movie[85]
TBD Arctic Justice: Thunder Squad
Blazing Samurai
City of Lies
The Key Man[86][87]
Rawhide Down[88]
Richard Says Goodbye Production company only
The Secret Garden[89]

International distribution

Global Road (formerly Open Road) distributes its films to other countries as well, through another distributor originating in that country via its sale agent, FilmNation Entertainment.[90]

References

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External links