Beta Nordic Studios, a unit of Munich-based sales firm Beta Film, led by CEO Jan Mojto, has acquired a 25 percent stake in Iceland's Sagafilm, further expanding its presence in the Nordics.
Financial terms weren't disclosed. The production company will become part of Beta Nordic Studios, which also houses Beta's Swedish production joint venture with Patrick Nebout, Dramacorp, and Matti Halonen andMiikko Oikkonen's Finnish banner Fisher King.
Sagafilm is known as Iceland’s oldest production company, with credits in the film, TV series and documentaries space. It also makes commercials and provides local production support for foreign projects.
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