‘Bordertown’ Producer Fisher King, Owned by Beta Film, Goes Bankrupt (EXCLUSIVE)
26.01.2024 - 20:53
/ variety.com
Elsa Keslassy International Correspondent Fisher King, the leading Finnish company behind some of Scandinavia’s biggest scripted hits including “Bordertown” and “The Helsinki Syndrome,” has gone bankrupt amid challenges that have thrown the Scandinavian TV industry into turmoil. Beta Film, which acquired Fisher King in 2019 and subsequently launched the umbrella banner Beta Nordic Studios, said the company was declared bankrupt on Dec.
23. Fisher King was founded in 2013 by executive producer Matti Halonen and chief visual officer Miikko Oikkonen.
Over the years, the outfit was able to produce some of the region’s most ambitious drama series through international co-productions. The company’s recent titles include “Estonia,” a limited series directed by Swedish director Måns Månsson and Finnish director Juuso Syrjä, about Europe’s deadliest civil maritime disaster which killed over 850 people in 1994.
Oikkonen was a showrunner and co-wrote the show. Speaking to Variety, Beta Nordic Studios’ executive chairman Justus Riesenkampff said that in spite of its stellar track record, “Fisher King was severely affected by adverse market developments, like many production companies, particularly in smaller markets.” Riesenkampff pointed out “the rising production costs due to inflation have led the company into a very tense situation.” The executive cited “declining order volumes from broadcasters and platforms” as the main setback facing local producers.
Within the last couple years, Scandinavia has seen commissions from streamers collapse. HBO Max (“Bordertown”) pulled out of originals in the Nordics in 2022, while the local streaming champion Viaplay, which was a main source of financing, has cut back drastically on scripted
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