Sighvatsson buys 75% of distrib company
Los Angeles-based Icelandic film producer Sigurjon “Joni” Sighvatsson has arranged to buy 75% of Nordic distrib Scanbox Entertainment Group.
Deal gives Sighvatsson (“Wild at Heart,” “Arlington Road”) the chance to do more business in his home country.
Sighvatsson recently produced Icelandic helmer Baltasar Kormakur’s English-language thriller “A Little Trip to Heaven.”
Financial terms of the deal struck between Sighvatsson and Scanbox were not disclosed.
Former owner Verner Bach Pedersen and the management group keep the remaining 25% of the company.
One of the leading independent distributors in the Nordic region, Scanbox focuses on distribution of international indie pics, specialized product for the DVD market and local productions such as recent Danish B.O. success “Far til fire gir aldrig op” and Norwegian “Hawaii, Oslo.” Revenue for 2005 was approximately $60 million.
Scanbox, headquartered in Viborg, Denmark, operates in that country, Norway, Sweden and Finland.
Sighvatsson, based in L.A. since the early 1980s, has produced more than 40 pics and TV series. On the television side, his credits include “Twin Peaks” and “Beverly Hills, 90210.”
He founded Propaganda Films in 1986 and Lakeshore Entertainment in 1995 and became the controlling shareholder in production company Palomar Pictures in 1999.
“I am very happy to get the chance to work at this level of the Nordic film industry, not least the Danish one, which has turned into one of the leading film industries in the world in the past decade,” Sighvatsson said.
(Pamela McClintock in Hollywood contributed to this report.)