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.

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