CoStudios: A New Nordic Media Powerhouse
Key Developments
* Sweden's top production banners Art & Bob and Breakable Films have merged to form CoStudios, backed by H&M heir Tom Persson's investment group C0_Made.
* Scandinavian podcast outlet Third Ear Studio has joined the newly formed group.
Player Profiles
* Art & Bob: Renowned for critically acclaimed works such as "Pressure Point" and "Dreaming of England," currently producing Netflix's period drama "The New Force."
* Breakable Films: A four-year-old company that has made a mark with streamer-targeted productions like "One More Time" and "Out of Touch."
* Third Ear Studio: A leading Scandinavian podcast outlet known for its influential storytelling.
Leadership and Strategy
* Viktor Linnell and Azra Osmancevic serve as co-CEOs of Stockholm-based CoStudios.
* Ljung from Breakable Films will oversee content strategy.
* Janca Hodann Söder continues as CEO of Art & Bob and Breakable Films.
* Focus on intellectual property (IP) rights and cross-platform development.
Integration and Growth
* Art & Bob, Breakable, and Third Ear Studios will maintain their distinct identities while implementing a joint strategy.
* Creative exchange and collaboration between companies.
* Expansion into new formats through IP development.
Acquisition of Tre Sandberg
* CoStudios has acquired the rights to Inger and Lasse Sandberg's beloved children's books and characters, such as "The Little Ghost Godfrey."
* Commitment to preserving and expanding the IP while ensuring its cultural significance.
Financial Backing and Ambitions
* Strong financial backing from C0_Made provides CoStudios with resources for growth.
* Aim to establish a "next-generation media company" with a focus on:
* Acquiring and developing established IPs
* Sustainable growth and longevity
Industry Impact
* CoStudios' vertical integration of IP rights positions it well in the evolving Nordic media landscape.
* Strategic acquisitions and technology adoption will enable the group to thrive in the changing content environment.