Raven Capital Management Closes $87.5M Acquisition Of Open Road Films

  • Deadline
Raven Capital Management said it has completed its $87.5 million purchase of Open Road Films assets, including rights to 45 titles such as the Oscar-winning Spotlight, Chef and End of Watch.

The finalizing of the agreement first disclosed in November adds another notable film library to Raven’s collection of assets. In 2015, it teamed with Ambi Media Group to buy the catalog of Exclusive Media Group. That agreement included rights (including certain sequel and remake rights) to a diverse group of 400-plus titles, including Begin Again, Cruel Intentions, Donnie Darko, Memento, Rush, The Skulls and Sliding Doors.

“We are excited to add Open Road to our portfolio of media and entertainment investments,” said James Masciello, Principal and Portfolio Manager of Raven. “We pride ourselves on our industry focus and have already seen great successes with our 2015 acquisition of the Exclusive Media film library as well as our financing of select independent films.
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