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Rob Friedman Joins Tang Media Partners as Chairman and CEO of TMP Entertainment


August 8, 2017 - LOS ANGELES, CA

LOS ANGELES, CA--(Marketwired - August 08, 2017) - U.S.-based global entertainment company Tang Media Partners (TMP) today announced that Rob Friedman would be joining the company as Chairman and CEO of a newly formed division, TMP Entertainment. In his role, Friedman will oversee all of TMP's entertainment properties, from film to television to digital, including Open Road Films, IM Global, and IM Global Television, and will report directly to Donald Tang, Chairman and CEO of TMP.

Recently TMP announced the acquisition of Open Road Films, which together with the ownership of IM Global and IM Global Television, provides TMP Entertainment with the ability to create, develop, finance, produce, market, and distribute movies, television and digital content in the U.S., China, and internationally. As part of the new TMP Entertaiment structure, Tom Ortenberg will remain the CEO of Open Road, reporting to Friedman.

"In looking at our aspirations to become a global studio, there is no better person who can make this a reality than Rob Friedman," said TMP CEO, Donald Tang. "Rob is a storied and incredibly well-respected studio executive who shares TMP's entrepreneurial passion and pursuit of excellence as we look at new ways to help the entertainment industry grow in the U.S. and abroad."

Friedman brings three decades of experience to TMP Entertainment across the traditional studio and content sectors in a career that has spanned distribution, marketing and executive leadership atop some of the industry's most successful companies. He most recently served as Co-Chairman of Lionsgate Motion Picture Group from 2012-2017, following Lionsgate's acquisition of Summit Entertainment, a company he founded and built into a leading motion picture production and distribution company. While at Lionsgate, Friedman was in charge of all aspects of Lionsgate's feature film acquisition, production and distribution operations.

"Donald's forward looking vision and overall acumen, coupled with the creative-driven legacies of both Open Road and IM Global, offer an unparalleled opportunity to build the next great global studio," said Friedman. "I look forward to delving into the operational, creative and industry-wide work that will make TMP Entertainment's path successful for creators and lucrative for shareholders alike."

During his time as Co-Chairman and CEO at Summit Entertainment Friedman and his partner Patrick Wachsberger built a worldwide marketing and distribution platform for the studios' releases which included the blockbuster "Twilight" franchise and Oscar-winning movie, "The Hurt Locker." Friedman also served Vice Chairman and later Chief Operating Officer of the Paramount Motion Picture Group from 1997-2005. Friedman began his career at Warner Bros. where he held numerous positions as part of a long career with the studio.

Headquartered in Los Angeles, TMP completed a major round of funding earlier this year from its broad base of strategic shareholders and partners, including Tencent Holdings. Tang and his U.S. investors are the majority shareholders of TMP.

About Tang Media Partners (TMP)

Founded in 2015 by businessman and entrepreneur, Donald Tang, Tang Media Partners (TMP) is a next generation global studio dedicated to developing, financing, producing, and distributing premium content for film, television and digital initiatives. Backed by an elite group of shareholders and partners including technology giant Tencent Holdings, TMP's growing operating platform includes IM Global, which has international film sales and production financing capabilities, IM Global Television, a television joint venture with Tencent, and Open Road Films, a leading producer and distributor of top box office hits in North America. TMP is headquartered in Los Angeles with additional offices in China.

Image Available: http://www.marketwire.com/library/MwGo/2017/8/8/11G143830/Images/Rob_Friedman-9cc66400e9f693e39ef22030a4a7180d.JPG

Media Contacts:

Hope Boonshaft
Hope.Boonshaft@FinnPartners.com
213.505.0873

Melissa England
MelissaE@FinnPartners.com
310.552.4163

MarketWire

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