Writer-director Daniel Adams and music producer Mike Flanders have teamed to launch Spiderworx Media, a $50M fund to produce movies during the next several years. The venture’s first project will be An L.A. Minute, a satire written by Adams and National Lampoon alum Larry “Ratso” Sloman. Flanders, former head of A&R of Arctic/BMG Australia and now a Nashville-based music producer, said he raised the capital for the new company through his previous investors in the music…