SF Studios takes majority stake in FLX
May 3, 2019
SF Studios has acquired a majority share of the production company FLX, one of the most successful production companies in Sweden. In addition to recently released Netflix series Quicksand (pictured), FLX has produced TV Drama such as Bonus Family and box office hits like The Hundred-Year-Old Man Who Climbed Out the Window and Disappeared and Solsidan. FLX’s founder Felix Herngren and CEO Pontus Edgren will remain as significant shareholders and executives within the company.
“The team at FLX, headed by Felix Herngren and Pontus Edgren, is among the most talented in our industry. We’ve worked together for several years through a distribution output deal on the feature film side, and this is the next step in bringing us together. To continue to lead and develop the film- and TV industry together with them, will be very exciting and inspiring”, said Michael Porseryd, CEO at SF Studios.
In the new owner structure, FLX will continue to operate as an independent production company under its own brand, and Herngren and Edgren will continue to be active and lead the daily operations at FLX.
“We have run FLX together for the last 6–7 years and it has been an incredible journey with a growth that we couldn’t even imagine. Now the time has come for a new chapter in our history. SF Studios is a very strong player in the Nordic region with international ambitions. With SF Studios as a majority owner in FLX, we will strengthen our opportunities within distribution and in addition increase our possibilities to bring FLX’s productions to the international market”, added Felix Herngren and Pontus Edgren.
In connection to the transaction, SF Studios’ CEO Michael Porseryd steps in as Chairman of the Board at FLX. The transaction requires approval from the Swedish Competition Authority.