Sagansky, De Fanti form j.v. with Asian companies
Jeff Sagansky and Jean-Luc De Fanti’s Winchester Capital Management has set up a $250 million film fund, Hemisphere Media Capital.
Hemisphere’s first investment will be in Hemisphere Motion Picture Partners, a joint venture with Japanese film giants Toho-Towa and Kadokawa Pictures, and Singapore’s RGM Media. The fund aims to spend more than $400 million to co-finance eight to 10 studio pictures over four years.
De Fanti will be managing partner of the funds and Sagansky will be chairman of the supervisory board, while Winchester principal Eli Baker has been made a partner in Hemisphere Media Capital.
De Fanti said, “In a world of dwindling capital availability, Hemisphere represents the template for a new approach, where films with global appeal are financed with a partnership of major studios, key strategic distributors and financiers.”
Hemisphere is in advanced discussions with several studios and the first few projects will be announced shortly.
Winchester was founded in 2007 and has invested in Grant Heslov’s “The Men Who Stare at Goats,” Rebecca Miller’s “The Private Lives of Pippa Lee” and has a multi-picture financing deal with Luc Besson’s EuropaCorp.