Ortenberg took the post when the company was founded in 2011 by the nation’s largest theater chains, AMC Entertainment and Regal Entertainment Group. Since then, the distributor has had some notable box office successes, including the Liam Neeson wilderness thriller “The Grey,” which grossed $51 million in 2012.
Under Ortenberg’s leadership, Open Road also recently secured an extension of its $100 million revolving credit facility, as well as premium pay-TV deals with Showtime through 2020.
“We are thrilled with the job that Tom and his team have done in launching Open Road,” said Gerry Lopez, CEO of AMC and Amy Miles, CEO of Regal, in a joint statement. “We look forward to working with him for many years to come as we continue to grow the company.”
Prior to joining Open Road, Ortenberg served as president of theatrical films at the Weinstein Co. Before that, he spent more than 12 years with Lionsgate in various executive positions.