Magnet Media Asia Fund To Invest $25 Million In Movies; Digital Media

LA-based Regent MB and Hong Kong/Singapore-based Aquitaine Investment Advisors are launching the Magnet Media Asia Fund to finance film projects from Asian investors. Aquitaine will raise $25 million in private-equity financing for Magnet, which launches Jan. 1.
Besides movies, a portion of the Magnet fund will be invested in Asian technology companies developing new products, including mobile content and digital screening systems.
Strategic advisers on Magnet’s investment committee include Chris Deering, former chairman of Sony Computer Entertainment Europe; Toshio Furusawa, former 20th Century Fox Japan marketing director; Gordon Radley, former LucasFilm president; and Scott Neeson, former marketing head at Columbia TriStar Film Distributors International.

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