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.