Gov’t studio sale sees Loken exit

World Brief

Film&Kino CEO Lene Loken has quit as chairman of the board of the state-owned Norwegian Film Studio following the government’s decision to sell its 77.6% stake next year.

“They want to sell, then I want to I leave,” Loken said Friday, urging the government to cover the studio’s $5 million debts and save it for Norwegian cinema.

The government dismantled its state-owned production house Norsk Film in 2000, leaving the studio to run the Film Park at Jar, aka Jollywood. It also took over the back catalog of 150 films and the company’s debts.

Norwegian producers are increasingly filming abroad, especially at Sweden’s Trollhattan’s Film i Vast, because of more competitive prices and financial incentives.

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 Film News from Variety