Rob Friedman has left Global Road Entertainment, Im Global, and Open Road Films as chairman and chief executive officer two months after Global Road filed for Chapter 11 bankruptcy protection.
Friedman, who has held top executive posts at Lionsgate, Summit, Paramount, and Warner Bros., was expected to depart the positions at Global Road, which was launched in 2017 by U.S.-China broker Donald Tang’s Tang Media Partners. Global Road is the combination of Open Road Films, the Oscar-winning studio behind “Spotlight” that Tang Media Partners purchased in 2017 for $28.8 million, and Im Global, a sales and production company that it bought in 2016 for a rumored $200 million.
At the time of the unveiling of Global Road, Tang said he hoped to release approximately 15 films a year, while focusing on bridging the cultural and business divide between China and the U.S. But the distribution operations sustained box office flops with “Hotel Artemis” and “A.
Friedman, who has held top executive posts at Lionsgate, Summit, Paramount, and Warner Bros., was expected to depart the positions at Global Road, which was launched in 2017 by U.S.-China broker Donald Tang’s Tang Media Partners. Global Road is the combination of Open Road Films, the Oscar-winning studio behind “Spotlight” that Tang Media Partners purchased in 2017 for $28.8 million, and Im Global, a sales and production company that it bought in 2016 for a rumored $200 million.
At the time of the unveiling of Global Road, Tang said he hoped to release approximately 15 films a year, while focusing on bridging the cultural and business divide between China and the U.S. But the distribution operations sustained box office flops with “Hotel Artemis” and “A.
- 11/9/2018
- by Dave McNary
- Variety Film + TV
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