Screen Daily and The Hollywood Reporter reported on Tuesday that film studio Global Road Entertainment is now under the control of lenders.
Donald Tang founded Global Road Entertainment in 2017 as the consolidation of IM Global and Open Road Films under his Tang Media Partners company.
The Hollywood Reporter had reported last week that Global Road Tang Media Partners does not have funds to continue the company’s operations beyond the end of the year.
Global Road Entertainment is one of the partners for the proposed live-action Hollywood film adaptation of Sunrise’s Tiger & Bunny anime.