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1-20 of 31 items from 2017   « Prev | Next »


Reese Witherspoon on ‘Home Again’: ‘The Subject Is Quintessentially Female’

30 August 2017 9:43 AM, PDT | Variety - Film News | See recent Variety - Film News news »

For Reese Witherspoon, Tuesday night’s premiere of Open Road’s divorce comedy “Home Again” at the Directors Guild of America Theater represented several milestones after nearly three decades in show business.

“It’s the first time I’ve worked with a mother-daughter team, with Nancy Meyers and Hallie Meyers-Shyer, which is a unique dynamic,” she noted on the red carpet. “Hallie’s a first-time female director. And I think the story is very timely and the subject matter is quintessentially female.”

Meyers-Shyer grew up as a child of Hollywood with her mother and her father, Charles Shyer, both well-known in the industry. She wrote the script about the daughter of a famous Hollywood director dealing with a divorce at the age of 40.

Related

Reese Witherspoon to Guest Star on ‘The Mindy Project

“It’s a good time to tell stories about women,” she noted. “Once Reese came on board, everything »

- Dave McNary

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Industry speculates as to cause of Stuart Ford Im Global exit

9 August 2017 2:31 PM, PDT | ScreenDaily | See recent ScreenDaily news »

Observers cite rift with owners over direction of company.

As shockwaves continued to reverberate through Hollywood and beyond following the abrupt exit of Im Global founder Stuart Ford, a picture emerged this week of a boardroom battle over the future of a global-facing Us company and its new Chinese-backed owners.

According to industry insiders who have had dealings with Ford and Donald Tang, the head of Im Global’s majority owners Tang Media Partners (Tmp), the relationship between the two men had deteriorated in recent months and by last week had become untenable.

At issue was a fight over the direction of the company Ford launched 10 years ago that, in hindsight, speaks volumes about the contrasting business cultures that exist in Hollywood and China.

After years of building Im Global into an independent powerhouse that had in recent years expanded to encompass Chinese and Latin American content and a thriving TV division, Ford was excited »

- jeremykay67@gmail.com (Jeremy Kay)

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Industry speculates over cause of Stuart Ford Im Global exit

9 August 2017 2:31 PM, PDT | ScreenDaily | See recent ScreenDaily news »

Observers cite rift with owners over direction of company.

As shockwaves continued to reverberate through Hollywood and beyond following the abrupt exit of Im Global founder Stuart Ford, a picture emerged this week of a boardroom battle over the future of a global-facing Us company and its new Chinese-backed owners.

According to industry insiders who have had dealings with Ford and Donald Tang, the head of Im Global’s majority owners Tang Media Partners (Tmp), the relationship between the two men had deteriorated in recent months and by last week had become untenable.

At issue was a fight over the direction of the company Ford launched 10 years ago that, in hindsight, speaks volumes about the contrasting business cultures that exist in Hollywood and China.

After years of building Im Global into an independent powerhouse that had in recent years expanded to encompass Chinese and Latin American content and a thriving TV division, Ford was excited »

- jeremykay67@gmail.com (Jeremy Kay)

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Rob Friedman to head Tmp Entertainment

8 August 2017 10:43 AM, PDT | ScreenDaily | See recent ScreenDaily news »

Former Lionsgate motion picture group co-chairman to oversee Donald Tang’s growing studio infrastructure.

Donald Tang has moved swiftly in the wake of the Stuart Ford ouster and Open Road acquisition as he continues to build a studio, naming Rob Friedman chairman and CEO of Tang Media Partners’s (Tmp) new Tmp Entertainment.

Friedman will oversee all Tmp’s entertainment properties including Im Global, whose founder and CEO Stuart Ford was forced out at the weekend, as well as the recently acquired Open Road Films.

Friedman, who served as co-chairman and CEO at Lionsgate motion picture group, co-chairman and CEO of Summit Entertainment and prior to that was vice-chairman and later COO of Paramount Motion Picture Group, reports to Tmp chairman and Tang. Tom Ortenberg will remain the CEO of Open Road and reports to Friedman.

Tmp’s recent corporate moves are part of a $500m expansion plan to assemble a studio that can develop, produce, finance »

- jeremykay67@gmail.com (Jeremy Kay)

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Tang Media Partners Names Rob Friedman CEO of Tmp Entertainment

8 August 2017 9:28 AM, PDT | The Wrap | See recent The Wrap news »

Tang Media Partners, which acquired “Spotlight” distributor Open Road Films Monday, has named former Lionsgate film exec Rob Friedman as chairman and CEO of a newly formed division overseeing its showbiz properties, Tmp Entertainment. In his new role, Friedman will be in charge of Tang Media’s film, TV and digital assets, including Open Road Films, Im Global, and Im Global Television. He will report directly to Tang Media Chairman and CEO Donald Tang. Open Road CEO Tom Ortenberg will remain in his role and report to Friedman. Friedman was formerly co-chairman of Lionsgate’s Motion Picture Group from 2012 to 2017, a. »

- Matt Pressberg

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Open Road CEO on Tang Media Sale: ‘The Best Is Yet to Come’

7 August 2017 2:33 PM, PDT | Variety - Film News | See recent Variety - Film News news »

Open Road’s sale to Tang Media Partners will allow the indie studio behind “Spotlight” and “End of Watch” to expand the number of films it releases, CEO Tom Ortenberg told Variety.

The studio is doing an average of eight movies a year, but with the fresh capital it expects to receive from its new owner, Open Road will increase its output to between 10 to 12 films. The company has carved out a niche for itself making mid-budget films, but Ortenberg said he also expects to “be taking a couple of bigger swings,” which presumably will come with a higher price tag.

“Overall, our mission to provide quality midsize theatrical releases remains the same,” Ortenberg said shortly after the deal was formalized.

Related

Stuart Ford Forced Out at Im Global

Open Road had been co-owned by AMC and Regal, the country’s two largest theater chains, but the partners had been looking to sell the company for months »

- Brent Lang

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Tang Media Partners acquires Open Road

7 August 2017 10:39 AM, PDT | ScreenDaily | See recent ScreenDaily news »

Representatives confirm deal on Monday.

Tang Media Partners (Tmp) has acquired Open Road Films as part of a $500m expansion plan.

Tmp representatives said the Open Road transaction followed a fund raise earlier in the year through the Los Angeles-based company’s strategic shareholders and partners, including return investor Tencent Holdings.

Open Road CEO Tom Ortenberg will continue as CEO while AMC and Regal, the backers with whom he launched the company in 2011, will stay on through a long-term marketing partnership.

Screendaily understands Chinese-American businessman Donald Tang (pictured) had been circling Open Road on and off for about nine months. The acquisition complements Tmp’s content creation and data analytics business, and Im Global, Stuart Ford’s sales, production and finance company in which Tang bought a 60% stake last year.

The deal gives Open Road access to Tmp’s Chinese and international distribution channels. However it was unclear whether that meant the end of Open Road’s »

- jeremykay67@gmail.com (Jeremy Kay)

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It's Official: Tang Media Group Acquires Open Road

7 August 2017 7:33 AM, PDT | The Hollywood Reporter - Movie News | See recent The Hollywood Reporter - Movie News news »

Tang Media Partners announced today that it has acquired Open Road Films from AMC Entertainment and Regal Entertainment Group. Tom Ortenberg will continue as the company's CEO.

While terms of the deal, which was first reported by The Hollywood Reporter, weren't disclosed, the Los Angeles-based Tang Media, headed by CEO Donald Tang, said it is part of a larger overall $500 million expansion plan, made possible by a major round of funding earlier this year with a broad base of partners and investors, including China's Tencent Holdings.

Founded in 2015 by Tang, a former chairman and CEO at »

- Gregg Kilday

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Open Road Films Closes Sale to Tang Media Partners

7 August 2017 6:38 AM, PDT | The Wrap | See recent The Wrap news »

Tang Media Partners has acquired Oscar-winning independent film distributor Open Road Films, best known for releasing the art-house hits “Spotlight” and “Nightcrawler” despite posting nearly $100 million in losses. As part of the deal, announced Monday, Open Road’s Tom Ortenberg will continue as the motion picture company’s CEO. Tang Media — a China-connected firm founded by in 2015 by Donald Tang, a former chairman and CEO of Bear Stearns Asia — bought Open Road from AMC Entertainment Inc. and Regal Entertainment Group as part of a larger, overall $500 million expansion plan. The two exhibition companies launched Open Road in 2011 with »

- Nigel M. Smith

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‘Spotlight’ Studio Open Road Sells to Tang Media Partners

7 August 2017 6:20 AM, PDT | Variety - Film News | See recent Variety - Film News news »

Tang Media Partners has purchased Open Road Films, the Oscar-winning distributor of “Spotlight” and “Nightcrawler.”

As part of the deal, Open Road’s Tom Ortenberg will continue as the motion picture company’s CEO. Open Road was started in 2011 by AMC Entertainment and Regal Entertainment Group as part of an effort by the theater chains to produce broadly appealing films for all times of the year — traditionally, studios saved their best fare for the winter holidays and summer. But Open Road struggled with consistency. The studio had hits with “The Nut Job” and “End of Watch,” but also released such duds as the Bill Murray comedy “Rock the Kasbah” and “The Gunman,” an ill-conceived attempt by Sean Penn to rebrand himself as an action hero.

The sale comes as many indie players are struggling to stay in business. Last week, »

- Brent Lang

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Tang Media Partners Formalizes Deal For ‘Spotlight’ Distributor Open Road

7 August 2017 6:10 AM, PDT | Deadline | See recent Deadline news »

Breaking, updating with writethrough: Tang Media Partners has formalized its acquisition of Open Road Films, the indie movie distribution company that steered Spotlight to a Best Picture win in 2016. Deadline reported last week that the deal was imminent. The company’s founding CEO, Tom Ortenberg, continues in that role under the new ownership. The company was started in 2011 by theater chains AMC Entertainment and Regal Entertainment, to acquire and produce films as… »

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Tang Media in Negotiations to Buy ‘Spotlight’ Studio Open Road

2 August 2017 5:33 PM, PDT | Variety - Film News | See recent Variety - Film News news »

Donald Tang’s Tang Media Partners is in negotiations to buy Los Angeles-based Open Road.

If the transaction is completed — and sources stress that it’s still in the early stages — it would represent a significant expansion into distribution for two-year-old Tang Media, which bought a majority stake last year in Stuart Ford’s sales-financing company IM Global. Tang Media also bought Luke Ryan’s content developer Chaotic Good Studios and its Fanalytics service last year.

Open Road is best known for releasing “Spotlight,” the best picture Academy Award winner about the Boston Globe’s investigation into pedophile priests. It grossed $90 million worldwide in 2015 and 2016. »

- Dave McNary

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'Spotlight' Studio Open Road Nears Sale to Tang Media (Exclusive)

2 August 2017 10:50 AM, PDT | The Hollywood Reporter - Movie News | See recent The Hollywood Reporter - Movie News news »

Donald Tang’s Tang Media Partners is in serious talks to acquire Open Road Films, the studio behind 2015 best picture Oscar winner Spotlight, according to sources.

Open Road, which is headed by CEO Tom Ortenberg, has been on the market for several months. The company launched in 2011 as a joint venture between theater chains AMC Theaters and Regal Entertainment Group with the goal of focusing on commercially minded fare that could find a home on multiplex screens between the big studio tentpoles.

It successfully distributed Spotlight and now has a library of 37 features, but it has »

- Tatiana Siegel,Pamela McClintock

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Tang Media Partners reportedly circling Open Road

1 August 2017 8:57 PM, PDT | ScreenDaily | See recent ScreenDaily news »

Tom Ortenberg’s distributor has been on block for months.

Tang Media Partners, the venture run by Chinese-American businessman Donald Tang that snapped up a majority stake in Im Global last year, is said to be in talks to buy Open Road Films.

Tom Ortenberg’s distributor launched in 2011 with the backing of AMC Theaters and Regal Entertainment Group and has been on the block for some time.

Despite releasing the 2016 best picture Oscar winner Spotlight, Open Road has not enjoyed sustained success at the box office and recent releases Snowden and Max Steel have stumbled.

Screen understands Tang has been looking at Open Road for about nine months.

Ortenberg, Open Road and Tang Media representatives had not replied to requests for comment at time of writing.

Last year it emerged that Tang Media Partners acquired a 60% stake in Im Global. »

- jeremykay67@gmail.com (Jeremy Kay)

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Film Acquisition Rundown: The Orchard Buys ‘Kings,’ Lionsgate Acquires ‘Dragged Across Concrete,’ and More

19 May 2017 10:08 AM, PDT | Indiewire | See recent Indiewire news »

Keep up with the wild and wooly world of indie film acquisitions with our weekly Rundown of everything that’s been picked up around the globe. Check out last week’s Rundown here.

– The Orchard has acquired the rights to “Kings,” the drama starring Halle Berry and Daniel Craig and directed by Deniz Gamze Ergüven, Deadline reports. The film focuses on a foster family in South Central a few weeks before the city erupts in violence following the verdict of the Rodney King trial in 1992.

Ergüven previously directed “Mustang,” which received an Oscar nomination in 2015 for Best Foreign Language Film. Charles Gilbert and Vincent Maraval served as the producers on “Kings.”

Read More: Film Acquisition Rundown: IFC Films Picks up ‘Sweet Virginia,’ Oscilloscope Buys ‘Song of Granite’ and More

Lionsgate has acquired the U.S. distribution rights to the crime-thriller “Dragged Across Concrete” The film will be released by the »

- Graham Winfrey

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Jim Gaffigan’s Animated Comedy ‘Duck Duck Goose’ Flies to Open Road

17 May 2017 11:12 AM, PDT | Variety - Film News | See recent Variety - Film News news »

Open Road Films has acquired all U.S. rights to the animated family comedy “Duck Duck Goose,” starring Jim Gaffigan, Zendaya, and Lance Lim.

Duck Duck Goose” will hit theaters on April 20. The film was produced and financed by Original Force. The deal was announced on Wednesday by Tom Ortenberg, CEO of Open Road Films, and Harley Zhao, president and CEO of Original Force.

The movie is directed by Christopher Jenkins, written by Jenkins and Rob Muir, and produced by Penney Finkelman Cox and Sandra Rabins. Gfm Films and Gfm Animation are handling international sales at the Cannes Film Festival.

Gaffigan voices a high-flying bachelor goose who’s injured in flight and finds himself saddled with two demanding ducklings (voiced by Zendaya and Lim), on a long journey south that will turn this scrappy threesome into a family.

Duck Duck Goose” also features the voices of Greg Proops, Natasha Leggero, »

- Dave McNary

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Zendaya’s ‘Duck Duck Goose’ Acquired by Open Road Films

17 May 2017 7:56 AM, PDT | The Wrap | See recent The Wrap news »

Open Road Films has acquired U.S. rights to the animated family comedy “Duck Duck Goose,” featuring the voices of Zendaya, Jim Gaffigan and Lance Lim, from Original Force. The announcement was made Wednesday by Tom Ortenberg, CEO of Open Road Films and Harley Zhao, President and CEO of Original Force. Original Force produced and financed the animated film. “Duck Duck Goose” is directed by Christopher Jenkins and written by Jenkins and Rob Muir. Penney Finkelman Cox and Sandra Rabins produced. Also Read: Zendaya Says Vons Grocery Store Clerk Refused Her Service Because of 'Skin Tone' The film follows a high-flying bachelor goose named. »

- Beatrice Verhoeven

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Open Road Owners AMC, Regal Explore Sale After Reporting $100 Million in Losses

1 May 2017 2:56 PM, PDT | The Wrap | See recent The Wrap news »

AMC Entertainment and Regal Entertainment are quietly shopping Open Road Films, the indie behind last year’s Best Picture Oscar winner “Spotlight,” an individual with knowledge of the situation told TheWrap. While Open Road’s slate has picked up considerable critical acclaim under CEO Tom Ortenberg, the studio’s profits haven’t lived up to its prestige. According to the most recent annual reports from AMC and Regal, who each own 50 percent of the indie distributor, the companies are each valuing their losses in the joint venture at more than $49.1 million — a total of $98 million. In addition, both included language in. »

- Matt Pressberg

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'Spotlight' Studio Open Road Shopped to Potential Buyers as Owners Suffer Heavy Losses (Exclusive)

1 May 2017 6:30 AM, PDT | The Hollywood Reporter - Movie News | See recent The Hollywood Reporter - Movie News news »

About a year ago, Open Road Films had every reason to celebrate. Spotlight, which it distributed in the U.S., won the best picture Oscar on its way to grossing $45 million domestically.

But 14 months later, the fate of the six-year-old distribution company, owned by two of the country's top theater chains and run by veteran film executive Tom Ortenberg, is unclear as its losses mount.

Joint owners AMC Entertainment and Regal Entertainment don’t intend to make any further investments in the venture after posting cumulative losses of nearly $50 million each between 2011 and December 2016, according »

- Pamela McClintock

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Open Road hires Loren Schwartz, promotes Liz Biber

25 April 2017 10:13 AM, PDT | ScreenDaily | See recent ScreenDaily news »

Marketing, publicity executives report to Tom Ortenberg.

Open Road Films has named Loren Schwartz president of marketing while Liz Biber has been promoted to president of publicity. 

Schwartz and Biber will report directly to Open Road Films CEO Tom Ortenberg, who made the announcement on Tuesday.

Open Road marketed and distributed Armenian Genocide drama The Promise at the weekend on behalf of Survival Pictures. The film reportedly cost more than $90m and opened on $4.1m in 2,251 theatres.

Schwartz is Open Road’s third marketing chief in 14 months. He replaces Jonathan Helfgot, who only took the place of Jason Cassidy in March 2016 and is understood to be joining Fox as head of theatrical marketing.

Biber has been head of publicity since the company’s inception in 2011.    

Schwartz most recently served as executive vice-president of genre marketing and advertising at Warner Bros.

Prior to that, he was senior vice-president of creative advertising at Columbia Pictures, where he worked »

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1-20 of 31 items from 2017   « Prev | Next »


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