LosAngeles-based film producer Sigurjon "Joni"Sighvatsson has taken over Scandinavian filmdistribution company Scanbox Entertainment A/S,acquiring 75 percent of its shares.
Theremaining 25 percent of the company will be held by Scanbox'scurrent management team, with former majority owner VernerBack Pedersen retaining an undisclosed equity position and continuing to serveon the company's board of directors.
Sighvatsson, originally from Iceland, has lived in Los Angeles for the last 25years, producing more than 40 titles including Wild At Heart, Arlington Road, In Bed With Madonna, K-19: The Widowmaker and, most recently, the short film Everything In This Country Must, whichwas Oscar-nominated last year/
Scanbox,a 25-year-old company, is based in
Scanbox'smanagement team comprises CEO Karl Age Jensen, CFO CarstenDahl, acquisition and production chief Jorgen Kristiansen and head of marketingKim Pershcardt
Said Sighvatsson: "Scanbox is an excellent company with a cutting edge management. Our ambition is to become an even larger diversifiedentertainment company in
Scanbox'srevenues in 2005 will be circa 400 million Danish Kronar.