Global Road Entertainment

Global Road Entertainment is an American media company formed in Late 2017. The company specializes in film and television production, development, financing, marketing and distribution Worldwide.

in November 2019, Raven Capital Management closed Global Road and bought Annapurna Pictures and Neon to merge three studios into one studio Annapurna Neon, which changed it's name to Sunking Pictures in 2024.

History
Tang Media Partners Entertainment was founded by Donald Tang in 2015, with investment from backers including Tencent, China Everbright Limited, China Media Capital, and Neil Shen of Sequoia Capital. Tang Media acquired sales and finance firm IM Global in mid-2016, and North American distributor Open Road Films in August 2017. On October 30, 2017, Tang Media Partners Entertainment rebranded as Global Road Entertainment.

In 2017, the company announced that, by 2020, they expect to have a slate of approximately 15 films per year, developing and producing more than half of them internally. At the European Film Market in February 2018, Global Road announced it anticipates spending $1 billion on film and television productions over the next three years. Film production budgets are projected to be in the $20 million to $100 million range.

Global Road is headquartered in Los Angeles, with additional offices in London and Beijing.

Distribution
Global Road's 2018 film slate includes the teen drama Midnight Sun, starring Bella Thorne and Patrick Schwarzenegger; family comedy Show Dogs, starring Will Arnett; science fiction thriller The Silence, which it acquired for US distribution; the action-thriller Hotel Artemis, starring Jodie Foster and Sterling K. Brown; science fiction family adventure A.X.L.; and animated family adventure-comedy The Barefoot Bandits: The Big Shrunk, English-Chinese-language French computer-animated family science fiction adventure Valerian: Far from Alpha, animated family adventure-comedy The Snow Queen: Mirrorlands, Sheep and Wolves 2: Pig Deal and Playmobil: Uncharted.

Production
Upcoming Global Road productions include Serenity, starring Anne Hathaway and Matthew McConaughey and directed by Steven Knight; Richard Says Goodbye, starring Johnny Depp and directed by Wayne Roberts; Zoe, starring Ewan McGregor; and Mortal, directed by André Øvredal. 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.

Television
Global Road's television arm develops scripted and non-scripted programming for the US and global marketplace, including Cat's Cradle, based on the novel by Kurt Vonnegut, being written and executive produced by Noah Hawley at FX; Kilroy County, a dark comedy from Alexander Payne and Jim Taylor being developed at Showtime; Jenji Kohan's Lifetime drama American Princess; and Muscle Shoals, a drama in development at ABC with Johnny Depp as executive producer.

In January 2018, Global Road signed a development deal with Reginald Hudlin and Byron Phillips through their company New Nation Networks. Under the agreement, Hudlin and Phillips will develop and produce original content for Global Road. The company has signed a first-look television deal with Offspring Entertainment, the production company run by Adam Shankman and Jennifer Gibgot.

n September 6, 2018, Global Road's film unit filed for Chapter 11 Bankruptcy. On October 23, 2018, Global Road filed with the court plans for an auction its assets beginning November 7 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.

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.

Raven Capital Management bought Annapurna Pictures and released the libraries of Global Road in July 2020 on DVD thru Annapurna Home Entertainment.

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

Acquired by Raven
In November 2018, agreed to be purchased by Raven Capital Management. On December 19, 2018, a Delaware bankruptcy judge approved the purchase. Raven completed its acquisition in February 2019. after that, Global Road is renamed back to Open Road.