Turner Broadcasting Sells Nordic Distributor NonStop
Jakob Abrahamsson and CG Anderson buy the Swedish distribution company, whose recent releases include 'Leviathan' and 'Mommy.'
Jakob Abrahamsson and C.G. Anderson have acquired Scandinavian film distributor NonStop Entertainment from Turner Broadcasting.
The deal, announced Friday, will see Turner hive off the arthouse label to focus on it core operations in the region, which include several pay-TV channels.
Abrahamsson, previously director of distribution and acquisitions at NonStop, will be the company's new CEO. Anderson is a founder of Scandinavia's Millennium Media Group, which included NonStop as a subsidiary and which Turner Broadcasting bought out in 2010.
“We’ve had a great run under the Turner umbrella with some of our biggest successes, and we appreciate their efforts in making the company leaner and sharper,” Abrahamsson said. “We are now looking forward to sailing the independent seas again.”
Even under the Turner umbrella, NonStop retained its arthouse credentials. Recent releases included Russia foreign language Oscar nominee Leviathan, Xavier Dolan's Mommy and 2014 Cannes Palme d'Or winner Winter Sleep.