Open Road Films, LLC (formerly Global Road Entertainment from 2017 to 2018) is an American film production and distribution company based in Los Angeles, California. It was founded by Eric Hohl on March 26, 2011 as a joint venture between the two largest American theatrical exhibitors, AMC Theatres and Regal Entertainment Group, which both owned the company until it was bought out by Tang Media Partners, a media company owned by Donald Tang, in August 2017. After Tang's purchase, both companies Open Road and IM Global merged and formed "Global Road Entertainment". In September 2018, Open Road declared Chapter 11 bankruptcy. The bankruptcy did not affect TMP, IM Global or IM Global TV. On November 6, 2018, Open Road agreed to be purchased by Raven Capital Management. Raven completed its acq