Winterstern has Capital idea

Turen, Williams head up primary divisions

Henry Winterstern has launched film and home entertainment production and distribution shingle Capital Entertainment Corp.

The film division, Glass Key, is headed by VP production Kevin Turen. He and Winterstern are producing Larry Clark’s “Wassup Rockers,” which chronicles Latino skateboarders in East Los Angeles. Capital is the film’s sole financier.

Home entertainment division Capital Entertainment Enterprises is overseen by co-founder and president Richard Williams, producer of the “Freaks and Geeks” DVD. Richard Shore serves as senior VP of business affairs and operations.

Winterstern’s first tour in Hollywood came in 2001 as chairman of CDP Capital Entertainment, a shingle that served as the Los Angeles outpost of Caisse de Depot, Canada’s largest pension fund.

On CDP’s behalf, Winterstern took a minority stake in Mosaic Media Group and 50% of music publisher Mosaic Publishing, among other investments. CDP also acquired Dick Clark Prods. for $140 million.

Separate from Mosaic, CDP also held a 2% stake in MGM and a minority stake in Lakeshore Entertainment, but the fund pulled up stakes in Hollywood in July 2003.

Last year, Peter Guber’s Mandalay Entertainment bought out CDP’s stake in Dick Clark, partnering with Mosaic to create Mandalay Mosaic Television Group (Daily Variety, Aug. 9).

Winterstern continues to hold board seats at MGM and Dick Clark. He is also chairman of apparel retailer Wet Seal. His exec producing credits include “Wicker Park” and “Underworld.”

Before joining Capital, Shore spent five years at Sony Pictures Entertainment, most recently as director of business affairs in international television.

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