Global Road En­ter­tain­ment

Variety - - Top Billing -

With the U.S. dis­tri­bu­tion sec­tor a fi­nan­cial black hole for mid­size com­pa­nies, for­mer banker Don­ald Tang was warned that merg­ing Open Road with sales and fi­nance pow­er­house IM Global was a recipe for trou­ble. While Tang Me­dia Part­ners sup­pos­edly has Chi­nese and U.S. cap­i­tal, Global Road, Tang’s flag­ship, has had trou­ble rais­ing a fur­ther $200 mil­lion of equity to help lever­age its vi­sion of a $1 bil­lion pro­duc­tion slate. In re­cent days, fi­nanciers have stepped in to take over parts of Global Road. If only TMP had had a bet­ter shot at build­ing its Chi­nese busi­ness, the omens might have been bet­ter.

OUT­LOOK: In the hands of Bank of Amer­ica and East West Bank.

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