Veteran producers/financiers Jeffrey Soros and Simon Horsman have formed Los Angeles Media Fund as a full-service entertainment production and financing entity.
The fund has come on board to co-produce and co-finance Relativity and Media Talent Group’s psychological horror movie “The Disappointments Room,” starring Kate Beckinsale. D.J. Caruso (“Eagle Eye”) is directing from “Prison Break” star Wentworth Miller’s script. Geyer Kosinski (“Before I Go To Sleep”) is producing the film, which recently began production in North Carolina.
Soros and Horsman plan to combine in-depth market analysis and risk mitigation to spot “opportunistic” investments for films in the mid-budget range — an area that’s seen a lessening of spending from the six major Hollywood studios in recent years.
“LAMF is positioning itself to become a leader in film and entertainment, and has already formed strategic partnerships for feature film production and distribution,” Soros and Horsman said. “Over the next few years, we will be equity financing and producing a minimum of six films with production budgets ranging from $20 million to $85 million, and also looking to diversify our business beyond film.”
LAMF said its collaboration with Relativity on “The Disappointments Room” will serve as a template for the two companies to co-finance and co-produce individual film projects, with Relativity distributing.
Soros is the founder of Considered Entertainment, a six-year-old production-finance company. Considered’s first production was the documentary “A Small Act,” which debuted at Sundance, was nominated for an Emmy and awarded the Humanitas Prize.
The company is completing post-production on “Basmati Blues,” a romantic comedy musical shot in India with Brie Larson and Donald Sutherland starring, and is in post-production on Warren Beatty’s untitled Howard Hughes project.
Soros is the president of the Paul and Daisy Soros Fellowship for New Americans, president emeritus of the Museum of Contemporary Art in Los Angeles and a trustee of the Creative Capital Foundation and The Screenwriters Colony.
Horsman has worked for decades in both California and the U.K. specializing in entertainment and technology law. He was also the CEO of Future Films, where he raised funds and provided structured finance for independent films and served as VP and general counsel of PriceGrabber.com, and was integrally involved with the company’s sale in 2005.
Patrick Murray will serve as the fund’s head of finance after having been a senior operations and finance executive at several entertainment companies, including HBO and Imax. Nicolas Charles has been hired as head of development and production.