Schibsted gets bigger stake

Co. increases shares of Sandrew Metronome

CANNES — Scandinavian media major Schibsted has acquired the 50% of shares it didn’t own in the Nordic region’s leading film company, Sandrew Metronome, for $19.8 million plus half the profits from the sale of SM’s cinema operations in Denmark and Finland.

The takeover from the Anders Sandrew Foundation, announced Friday, comes into force July 1.

Sandrew Metronome runs offices in Stockholm, Oslo, Copenhagen and Helsinki.

Its core businesses are theatrical distribution as well as DVD and online distrib, sales of TV rights and film production.

Schibsted plans to sell Sandrew Metronome’s cinema operations. Last year, the company sold its Swedish cinema operations to independent distributor Astoria Cinemas. Finnish theatres are expected to be sold during 2006.

— Pia Lundberg

More Film

  • The Tale Movie Sundance Laura Dern

    Sundance Film Review: 'The Tale'

    CANNES — Scandinavian media major Schibsted has acquired the 50% of shares it didn’t own in the Nordic region’s leading film company, Sandrew Metronome, for $19.8 million plus half the profits from the sale of SM’s cinema operations in Denmark and Finland. The takeover from the Anders Sandrew Foundation, announced Friday, comes into force July […]

  • NANCY

    Sundance Film Review: 'Nancy'

    CANNES — Scandinavian media major Schibsted has acquired the 50% of shares it didn’t own in the Nordic region’s leading film company, Sandrew Metronome, for $19.8 million plus half the profits from the sale of SM’s cinema operations in Denmark and Finland. The takeover from the Anders Sandrew Foundation, announced Friday, comes into force July […]

  • Nominee Amy Pascal speaks at the

    Amy Pascal on Sony Ouster: 'I Should Have Gotten Fired Much Sooner'

    CANNES — Scandinavian media major Schibsted has acquired the 50% of shares it didn’t own in the Nordic region’s leading film company, Sandrew Metronome, for $19.8 million plus half the profits from the sale of SM’s cinema operations in Denmark and Finland. The takeover from the Anders Sandrew Foundation, announced Friday, comes into force July […]

  • 'Rust' Review: A Cautionary Teen Tale

    Sundance Film Review: 'Rust'

    CANNES — Scandinavian media major Schibsted has acquired the 50% of shares it didn’t own in the Nordic region’s leading film company, Sandrew Metronome, for $19.8 million plus half the profits from the sale of SM’s cinema operations in Denmark and Finland. The takeover from the Anders Sandrew Foundation, announced Friday, comes into force July […]

  • 'Un Traductor' Review: Sundance Film Festival

    Film Review: 'Un Traductor'

    CANNES — Scandinavian media major Schibsted has acquired the 50% of shares it didn’t own in the Nordic region’s leading film company, Sandrew Metronome, for $19.8 million plus half the profits from the sale of SM’s cinema operations in Denmark and Finland. The takeover from the Anders Sandrew Foundation, announced Friday, comes into force July […]

  • Robin Williams appears in Robin Williams:

    Sundance Film Review: 'Robin Williams: Come Inside My Mind'

    CANNES — Scandinavian media major Schibsted has acquired the 50% of shares it didn’t own in the Nordic region’s leading film company, Sandrew Metronome, for $19.8 million plus half the profits from the sale of SM’s cinema operations in Denmark and Finland. The takeover from the Anders Sandrew Foundation, announced Friday, comes into force July […]

More From Our Brands

Access exclusive content