EXCLUSIVE: Producer Scott Einbinder (Killer Joe) has launched LA-based management and production company5X Media.
Literary manager Seth Nagel, a founding partner, heads the management division.
5X marks the syndicates first media investment, having previously invested in real estate and health care.
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5X Media plans to use the initial investment for corporate overhead and project development.
BH Alliance has also made available a line-of-credit for project co-financing.
He previously co-founded the production companies Sandstorms Films and Leomax Entertainment.
Sandstorm had a first look deal at Screen Gems where it co-produced featuresThe CovenantandThe Forsaken.
Nagel was previously a co-founder of the management company Aligned Entertainment.
Prior to that, he was an acquisitions executive at Columbia/Tri-Star.
Swidler had stints at Kaplan-Stahler and Blumhouse Productions before agenting at Paradigm.
Einbinder expects to announce additional executive hires soon.
According to Einbinder: 5X Media is looking at the representation and content business from a worldwide perspective.
Michael Swidler and I had a great working relationship when we shared clients while he was at Paradigm.
