EXCLUSIVE: Few showbiz execs have held as many top jobs as Jeff Sagansky. Now the former CBS and Sony Pictures and Paxson and RHI exec is back in the movie biz in a big way. Institutional investors are backing Hemisphere Media Capital, the new venture from Winchester Capital Management founders Jean-Luc De Fanti and Sagansky. Japanese distributors Toho-Towa and Kadokawa Pictures and Singapore-based producer/talent manager RGM Media are also on board. Hemisphere is in talks with a number of studios and plans to announce its first investments shortly. The Hemisphere Motion Picture Partners fund expects to invest more than $400 million in 8-10 movies over 4 years. De Fanti says: “The traditional film finance model is under strain. However, global audiences and therefore distributors remain hungry for mainstream Hollywood fare. In a world of dwindling capital availability, Hemisphere represents a template for a new approach, where films with global appeal are financed by a partnership of major studios, key strategic distributors, and financiers.” Bryan Wolf of Los Angeles-based law firm Ziffren, Brittenham has structured the fund. Movies that Sagansky and De Fanti co-financed through Winchester include The Men Who Stare at Goats and The Private Lives of Pippa Lee. Winchester also financed the 3rd season of TNT TV drama Leverage and arranged a multi-picture financing deal for Luc Besson’s EuropaCorp. Toho-Towa released John Woo’s Red Cliff: Part 2 while Kadokawa handles the Twilight franchise in Japan. RGM Media is listed on the Australian Stock Exchange.
By TIM ADLER in London | Tuesday, 2 November 2010 07:12 UKTags: Hemisphere Media Capital, Jean-Luc De Fanti, Jeff Sagansky, Movie Funding, Movies
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This article was printed from http://www.deadline.com/2010/11/jeff-sagansky-launches-250m-studio-fund/
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