5th Planet Games A/S — M&A Activity 2023

Sep 7, 2023

24-2023 5th Planet Games and Skybound Entertainment Finalize Majority Co-Investment Deal in Sagafilm

24-2023 5th Planet Games and Skybound Entertainment Finalize Majority Co-Investment Deal in Sagafilm

COPENHAGEN – September 7th, 2023 - 5th Planet Games A/S (OAX: 5PG) 5th Planet Games today proudly announces the close of its majority co-investment deal in partnership with Skybound Entertainment, to acquire Sagafilm ehf, the renowned Nordic production company. This collaboration combines the forces of each enterprise, enhancing possibilities to bring Sagafilm Film and TV content into the 5PG catalogue, ensuring audiences receive top-tier content across a growing range of media.

With this acquisition, 5PG welcomes Sagafilm's diverse collection of gripping content, from hit shows like The Minister to Operation Napoleon. Sagafilm's longstanding presence in Iceland's production scene, known for its compelling storytelling and top-quality production, further amplifies 5PG and Skybound's catalogue and capabilities.

“This acquisition is an historic moment for 5PG investors; an opportunity for us to leverage Sagafilm's prowess in delivering exceptional TV and Film content. We're eager to unearth new horizons for content creation in Europe through this partnership,” said Mark Stanger, CEO of 5PG. “I view this as a significant stride from our video game origins, delving deeper into the Nordics and European entertainment sector. This venture provides our shareholders with a new and dynamic range of content beyond video gaming.”

For Sagafilm, this is an invitation to tap into 5PG and Skybound’s vast IP pool, digital platforms, and the transformative 'Wheel of Awesome' business model. Kjartan Thor Thordarson of Sagafilm remarked, “Skybound’s rich collection of IPs presents unparalleled opportunities. Together, we're set to diversify our offerings and delve deeper into various media platforms.”

Sagafilm remains committed to refining its local offerings, ensuring continued growth.

BetaFilm Nordics retains its position as a minority shareholder, underscoring a unified vision for Sagafilm's prosperous future. Sagafilm's seasoned leadership, including Kjartan Thor Thordarson and Ragnar Bjorn Agnarsson, will stay at the helm, steering the company's strategic course.

Furthering their commitment, Skybound and 5PG introduce Tjorvi Thorsson as Sagafilm Iceland's new CEO. His vast industry experience is pivotal for the company's onward journey. Moreover, Thordarson, Agnarsson, and Thorsson, pivotal to this acquisition, join as partners in both Skybound Entertainment and 5PG, affirming their central roles in this newfound alliance.

About 5th Planet Games

5th Planet Games is a video games financing and publishing company located in Copenhagen, active in games across all global platforms and devices. It has a long and successful history of working with established brands and strong IP. Now, in partnership with Skybound Entertainment, the company has extended access to compelling, global IP such as The Walking Dead, Invincible, and more.

About Skybound Entertainment

Skybound Entertainment is a multiplatform entertainment company that houses publishing, gaming, merchandise, and other ventures. The company is responsible for creating television shows such as The Walking Dead and Invincible, as well as publishing successful comic book titles like "Void Rivals." Skybound is dedicated to delivering engaging and captivating stories across various mediums.

For the most up to date information on Skybound, follow the company on Twitter (@Skybound), YouTube (Skybound), Facebook (@SkyboundEntertainment), Instagram (@skyboundent), Discord (Skybound), Reddit (Skybound), and at www.skybound.com.

About Sagafilm

Sagafilm is the leading independent production company in Iceland for TV and Feature Films with over 40 years of experience. Recent projects include TV drama series Sisterhood (Viaplay Original Series), Stella Blómkvist (Viaplay Original Series), The Minister (RUV), Thin Ice (TV4/CMORE), CASE (Netflix Original Series), and cult comedy series The Night Shift, Day Shift and Prison Shift. Sagafilm has also produced the feature films Operation Napoleon, The Falcons, Mr. Bjarnfredarson and Cold Trail. Sagafilm’s factual and documentary department recent projects include Battle For Iceland, Raise the Bar and Out of Thin Air (BBC Storyville, RUV and Netflix). Sagafilm’s service department highlights include HBO Max The Flight Attendant, Interstellar, James Bond Die Another Day and Batman Begins. TV series by Sagafilm have won the Icelandic Academy Awards "Eddan " for Best Scripted Series a record 10 times.