Less than a week after departing from The Weinstein Company, Tom Ortenberg has unveiled plans for his new venture One Way Out Media.
The company will be based in Santa Monica and operate as a film consultancy, financier and distribution entity serving the independent community.
Ortenberg, who for the past eight months served as head of theatrical for the Weinsteins and before that was president of theatrical films at Lionsgate, said the company would invest in “a broad range” of lower budget projects.
“We might finance a lower budget film, pre-buy North American rights to a film with partial financing or foreign sales in place, provide finishing funds or P&A, find a diamond in the rough at a film festival and self-distribute a picture theatrically, or even partner with an existing studio on a production or acquisition,” Ortenberg said.
“Opportunities are plentiful in today’s motion picture marketplace,” he continued. “Given my broad range of experience and track record of success, I feel uniquely qualified to take advantage of them.
“One Way Out Media will allow me to use my expertise and passion for film to work closely with film-makers in getting their movies successfully financed and produced, as well as properly marketed and distributed.”
Orteneberg served more than 12 years at Lionsgate Entertainment, opening their Los Angeles office in 1996 and serving as president of theatrical films until 2009. He left to serve in the same capacity for the Weinsteins, a short-lived partnership that resulted in a parting of the ways last week.
He started his film career at Columbia Pictures in 1985 as an assistant in the accounts receivables department and rising to the level of senior sales manager before leaving in 1989 to go to Hemdale Film Corporation, where he served as president of distribution and marketing.