IM Global explained

IM Global, LLC
Type:Private
Former Name:Global Road Television Entertainment (2018)
Industry:Film
Television
Predecessor:Intermedia Films
Successor:AGC Studios
Tang Media Partners
Open Road Films
Founder:Stuart Ford
Location:Los Angeles, California United States
Key People:Stuart Ford (CEO)
Products:Motion Pictures
TV Series
Divisions:IM Global Television
IM Global Music
Subsid:Apsara Distribution
AutoMatik (joint-venture with Entertainment One)[1]

IM Global, LLC was an American independent film and TV production company. The company was founded by Stuart Ford in April 2007[2] and operating in international film, television and music production, as well as sales and international distribution.[3] The company financed or produced over 30 Hollywood feature films and controlled a library of over 300 films.

IM Global was the 2015 recipient of the Variety Award for Achievement in International Film.[4] [5]

From April 2010, the company's two shareholders were Reliance Entertainment, a subsidiary of Indian billionaire Anil Ambani's Reliance ADA group, and Ford himself.[6] [7] Reliance Entertainment is also one of the main investors in Steven Spielberg's DreamWorks Pictures.[8] Due to Reliance's investment in IM Global, with Ford and his Indian partners, the company expanded internationally with offices in Los Angeles, New York, London, Beijing, Mexico City and Mumbai.[9]

In June 2016, Tang Media Partners acquired majority ownership of IM Global.[10] In 2017, Tang Media Partners merged the IM Global operations with those of Open Road Films and IM Global TV to form Global Road Entertainment.[11] In 2018, Global Road filed for bankruptcy.[12]

International sales and distribution

IM Global acts as producer, financier and international sales agent for films such as Paranormal Activity, Insidious, Sinister and A Haunted House. IM Global's Anthem subsidiary specialises in the global distribution of Latin American cinema via Latino film sales joint venture Mundial, Chinese cinema via an exclusive output arrangement with Chinese studio Huayi Bros and Bollywood cinema via the pipeline from shareholder Reliance Entertainment.[13] Overall, IM Global controls a library of more than 300 films.[14] IM Global's titles secured number one international box office shares in the global film sector outside of the major Hollywood studios in both 2013 and 2014.[15] [16]

IM Global's library has included the distribution rights to the Spyglass Entertainment, Intermedia, Largo Entertainment, Beacon Pictures, and Distant Horizon libraries.

Production and financing

The company has produced over thirty features and has worked alongside onscreen talent such as Matthew McConaughey, Johnny Depp, Diane Lane, Anne Hathaway, Julia Roberts, Nicole Kidman, Tom Hardy, Colin Farrell, Noomi Rapace, Jason Statham, Sylvester Stallone, Harrison Ford, and Gary Oldman in its productions.[17]

Apsara Distribution

The company's Apsara Distribution subsidiary is a film rights acquisitions and distribution label covering fourteen South-East Asian distribution markets, in many of which it partners with Disney's Buena Vista International.[18] [19]

IM Global Television

In mid 2014, the company launched IM Global Television, with Mark Stern, former president and partner of Syfy Channel, as president of original content.[20] [21] The division focuses on developing, producing, financing and distribution of scripted content for network, cable and SVOD platforms.

In 2015, Eli Shibley became president of international distribution and co-productions. In addition to managing sales of the scripted slate, Shibley oversees the acquisitions of third party scripted and unscripted projects.[22] [23]

In 2016, IM Global Television launched an unscripted and alternative division led by Emmy award winner Phil Gurin.[24]

IM Global Music

In December 2014 the company launched IM Global Music.[25] [26]

Notes and References

  1. News: Entertainment One announces agreement to acquire Alliance Films . www.entertainmentone.com . EN.
  2. Web site: Mike. Fleming Jr. IM Global Chief Stuart Ford Re-Ups. Deadline Hollywood. 20 November 2017.
  3. Web site: Company Overview of IM Global, LLC. Bloomberg. Bloomberg.
  4. Web site: Cannes: IM Global Feted With Variety's International Film Award. Variety Staff. 14 May 2015.
  5. Web site: IM Global Seeks to Stand Out at Cannes. Dave. McNary. 12 May 2015.
  6. Web site: Reliance Secures Majority Stake in IM Global. 6 May 2010.
  7. Web site: Garrahan . Matthew . 2011-02-25 . Ambani backs Madonna's directorial debut . Financial Times.
  8. Web site: Patrick. Frater. India's Reliance: Still a DreamWorks Backer, But Hollywood Sojourn Has Cost a Fortune. Variety. 20 November 2017.
  9. Web site: Company Overview of IM Global, LLC. Bloomberg. Bloomberg.
  10. News: IM Global Sold to Tang Media, Launches TV Venture With China's Tencent. Frater. Patrick. 2016-06-02. Variety. 2017-11-11. en-US.
  11. News: IM Global, Open Road Owner Tang Media Rebrands as Global Road Entertainment. McNary. Dave. 2017-10-30. Variety. 2017-11-11. en-US.
  12. News: How Donald Tang's Reckless Bet Led to Global Road's Collapse. Maddaus. Gene. 2018-09-06. Variety. 2018-09-06. en-US.
  13. Web site: Company Overview of IM Global, LLC. Bloomberg. Bloomberg.
  14. Web site: IM Global Profile. IMDB. 20 November 2017.
  15. Web site: Indies shine at 2013 int'l BO.
  16. Web site: Indie int'l box office hits $1.2bn.
  17. Web site: IM Global Profile. IMDB. 20 November 2017.
  18. Web site: IM Global's Apsara Makes Pan-Asian Output Agreement With Buena Vista International. Mike Jr.. Fleming. 18 June 2012.
  19. Web site: Buena Vista Intl., Apsara Distribution Ink Multi-Picture Deal. 18 June 2012.
  20. Web site: Mark Stern Named President of Original Programming at Syfy. 13 January 2011.
  21. Web site: IM Global Launches TV Venture Led By Former Syfy President Mark Stern. Nellie. Andreeva. 29 July 2014.
  22. Web site: Ali. Jaafar. Eli Shibley Joins IM Global TV As President Of International Distribution & Co-Productions. Deadline Hollywood. 13 July 2015. 20 November 2017.
  23. Web site: IM Global Television About. 20 November 2017.
  24. Web site: Cynthia. Littleton. Producer Phil Gurin to Head Unscripted Division for IM Global Television. Variety. 6 December 2016. 20 November 2017.
  25. Web site: Indie Film and TV Player IM Global Launches Music Joint Venture (Exclusive). 10 December 2014.
  26. Web site: Republic Records Teams With IM Global to Produce Music-Driven Films.