Skybound Entertainment, 5th Planet Games to Acquire Sagafilm

5th Planet Games and Skybound Entertainment have launched a joint acquisition for the Nordic production company Sagafilm.

Sagafilm is a leading independent production company in Iceland for TV and feature films, with over 40 years of experience. Recent projects include the drama series Sisterhood, Stella Blómkvist, The Minister, Thin Ice and CASE and the cult comedy series The Night Shift, Day Shift and Prison Shift.

“This acquisition signifies a substantial foray into the European TV market for Skybound by leveraging Sagafilm’s exceptional track record for producing premium content and strong presence in the Nordic region,” said Rick Jacobs, managing partner of linear entertainment at Skybound. “Collaboration opens up new avenues for the development and production of even more original content, establishing a firm foothold for Skybound in Europe.”

“Gaining access to Skybound’s extensive roster of intellectual property gives us all the opportunity to develop localized as well as English-language adaptations anchored in Europe,” commented Kjartan Thor Thordarson of Sagafilm. “We look forward to exploring new avenues through Skybound’s Wheel of Awesome model, through which we can extend our IP into various other forms of media.”

“We are excited that this acquisition will bring significant diversification to our shareholders beyond games as we embrace Skybound’s innovative Wheel of Awesome model and expand into film and TV in the Nordics,” said CEO of 5PG, Mark Stanger. “By leveraging Sagafilm’s expertise and industry reputation, we are poised to make a significant impact in the European entertainment landscape.”