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.