No. 48: Egmont Group

Copenhagen, Denmark

Revenue: $1.046 billion

Profit: $20 million

Denmark-based Egmont Group’s business activities span 24 territories and all platforms — film, theatrical, TV, new media and print.

New CEO Steffen Kragh, who assumed his position Aug. 6, outlined the company’s future outlook as “a fully convergent storytelling company. We will use electronic or print platforms, whatever works to tell that story.”

Egmont Group is the for-profit arm of Danish children’s charity the Egmont Foundation. Main electronic interests are herded under distrib platform Egmont Entertainment; production arm Nordisk Film & TV; and a gaggle of subsids such as A-Film, Per Holst Film and Victoria Film.

While Egmont’s profit picture only barely crosses into the black, there is no panic over last year’s results.

“There will be belt tightening in certain areas, but there will also be international expansion,” according to Kragh.

Group’s multiplatform interests are reflected in its recent deal to develop content for Norwegian telco Telenor and its sale last year of over 400,000 copies globally of its PC game “Hit Man.”

Nordisk Film’s 17 million euro ($15.5 million) co-production “I Am Dina” just went into post while “Tsatsiki II,” a sequel to the boffo Swedish kidpic, just began lensing. A-Film, flush with the 2000 box office success of “Help! I’m a Fish,” is casting a Hans Christian Anderson TV series and has launched a new subsid in Estonia.

Boosts in its Norwegian subsidiaries include the sale if its hit action adventure series “71 Degrees North” (Beyond Borders) to a U.S. broadcaster and moves on the exhib front that will put cinema arm Nordisk Film Biografer over the 100-screen mark.

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0

Leave a Reply

No Comments

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More Biz News from Variety