SF Studios acquires Sweden’s FLX

Bonnier-owned Scandinavian producer and distributor SF Studios has taken a majority stake in FLX, the Swedish prodco behind local Netflix original Quicksand.

FLX will continue to operate as an independent production company under its own brand, SF Studios said.

The Stockholm-based prodco’s founder Felix Herngren and CEO Pontus Edgren will remain significant shareholders and executives within the company and will continue to lead daily operations, SF Studios added.

SF Studios CEO Michael Porseryd will step in as chairman of the board at FLX. The deal, financial details of which were not disclosed, requires approval from the Swedish Competition Authority.

As well as the recently launched Quicksand, FLX has produced TV dramas such as Bonus Family and feature films including The Hundred-Year-Old Man Who Climbed Out the Window & Disappeared.

“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 Porseryd.

In a joint statement, Herngren and Edgren added: “SF Studios is a very strong player in the Nordic region with international ambitions. With SF Studios as a majority owner of FLX, we will strengthen our opportunities within distribution and in addition increase our possibilities to bring FLX’s productions to the international market.”