Open Road, the U.S. distributor that was part of Donald Tang's ambitious plans to build a global mini-studio, before collapsing in Chapter 11 bankruptcy, is back in the theatrical distribution business.
After private equity group Raven Capital Management acquired Open Road's assets for $87.5 million in late 2018, the company said it is relaunching in the theatrical space in time for the Cannes virtual market.
Capitalized by Raven, Open Road Films is back to acquiring and releasing films in partnership with Tom Ortenberg’s Briarcliff Entertainment, the company said.
The first film to be released theatrically is the action thriller Honest Thief, starring Liam Neeson and directed by Mark Williams.
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