‘Spotlight’ studio Open Road completes $87.5-million sale to private equity firm

Read on: ENTERTAINMENT - Los Angeles Times.

Open Road Films, the troubled Los Angeles-based studio behind the Oscar-winning movie “Spotlight,” has completed its sale to private equity firm Raven Capital Management for $87.5 million, Raven said Thursday.

The 8-year-old company filed for Chapter 11 bankruptcy protection in September after...