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Endpoint: Open Road Films



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created on: 15/01/2018
by: Lo55o (12521)
 
 

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Open Road Films (or simply Open Road) is the business name used by Open Road Films LLC, an American film production and distribution company based in Los Angeles, California.
It was launched in March 2011 by the two largest U.S. theatrical exhibitors, AMC Theatres and Regal Entertainment Group until it was sold to Tang Media Partners, a media company owned by Donald Tang, in 2017.

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, 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). The studio released its first film, Killer Elite, on 23 September 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.

Open Road's titles are distributed in the home entertainment market by Universal Pictures Home Entertainment (UPHE), a deal that was signed when Open Road was created in 2011 and extended with a new deal in 2014. In June 2011, a few months after it started operations, Open Road Films signed a pay-TV deal with Netflix, which expired in 2016. In October 2013, the studio signed a pay-TV deal with Showtime that began in 2017 and expires in 2020.
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Submitted by : Lo55o (12521)
on : 15/01/2018