Open Road Extends CEO Tom Ortenberg's Contract Through 2018

Tom Ortenberg

The exec has headed up the distributor, founded by AMC and Regal, since 2011.

Tom Ortenberg's contract as CEO of Open Road Films has been extended through 2018. Ortenberg has headed the distribution company since it was founding in 2011 by AMC Entertainment and Regal Entertainment Group, and his existing contract ran through 2014.

“We are thrilled with the job that Tom and his team have done in launching OpenRoad,” Gerry Lopez, CEO of AMC, and Amy Miles, CEO of Regal, said in a joint statement. “We look forward to working with him for many years to come as we continue to grow the company.”

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Open Road also recently announced an extension of its $100 million revolving credit facility, as well as a premium pay TV deal with Showtime through 2020. Additionally, Open Road has a premium pay TV deal with Netflix through 2016.
The distributor's releases have included The Grey, starring Liam Neeson; End of Watch, with Jake Gyllenhaal and Michael Pena; and The Host, produced by Stephenie Meyer. Upcoming releases include Robert Rodriguez' Machete Kills, opening Oct. 11; Homefront, starring Jason Statham, opening Nov. 27; the animated movie The Nut Job on Jan. 17; Sabotage, starring Arnold Schwarzenegger, coming April 11; and Chef, written, directed and starring Jon Favreau on May 9.

Before joining Open Road, Ortenberg served as president of theatrical films at The Weinstein Co., and prior to that he spent 12 years at Lionsgate Entertainment, opening its Los Angeles Office in 1996 and ultimately serving as president of theatrical films.

"Working with AMC and Regal to establish Open Road Films -- and growing the company over the past two and a half years -- has been the most satisfying and exhilarating experience of my career. I could not be more proud of the job our team has done so far and I am looking forward to the future with great excitement," he said.