EXCLUSIVE: Dylan Sellers has exited the post of president of production of The Weinstein Company to partner with Chris Parker’s AsianLogic Group and Sun City Group in Limelight. The upstart Los Angeles-based production and financing company will develop, produce and finance features, scripted television and digital/short form content. The backers have made a five-year commitment to Limelight, with put pictures and a $50 million commitment in production financing plus additional funding for overhead and development. Sellers confirmed the move and said that Limelight’s goal is to fully fund films in the $1M-$25M range. He has opened an office in Brentwood and expects to engage in projects quickly.

Sellers’ ended his run at TWC last Friday. He first became president of production in 2012, left in 2014 to produce independently, and returned to the job last May. Sellers becomes the latest senior TWC exec to exit, with more coming after the $500M deal from Yucaipa/Maria Contreras-Sweet and Lantern Capital fell through and TWC plunged into 363 bankruptcy. Lantern was named the stalking horse bidder in a process expected to take 60 days from the March 19 filing. Sources said Lantern has met with TWC employees, but with no forward motion or guarantee of employment ahead, staffers who can find jobs are leaving. The employee roster has gone from more than 150 last October when press articles appeared on Harvey Weinstein, to a number in the 80s now.

Sellers has hired Sandino Moya-Smith as Limelight’s Vice President of Production. He was a production exec at June Pictures, where Moya-Smith worked on films including The Florida Project, Book Club, Wildlife and Dude. Prior, he worked for Gary Ross on such films as The Hunger Games, Free State of Jones, and Ocean’s Eight.

Limelight’s backing is from Chris Parker who co-founded AsianLogic Group, the world’s preeminent online gaming network that launched in 2002. The other major backer is Sun City Group, a Hong Kong/Macau-based gaming and entertainment company with interests in real estate development, financial services, concert and event production, luxury goods, auction, management and consultancy services for resorts. They also run Sun City Film, which generates films for the Chinese/Asian market with movies that have included the profitable Donnie Yen-starrer SPL and its sequel. They were also an investor in Wonder, releasing that sleeper in multiple Asian territories.

During his runs at TWC, Sellers headed production and acquisitions, and projects he was engaged in include The Artist, The Intouchables, Fruitvale Station, The Butler, Silver Linings Playbook, Philomena, The Imitation game, St. Vincent, Django Unchained, Southpaw, Lion and Wind River.

UTA and Howard Abramson of Behr Abramson Levy brokered Sellers’ deal and Eisner-Jaffe’s Michael Eisner repped Parker.