Nordisk Film acquires additional shares in Star Stable Entertainment ABNordisk Film acquires additional shares in Star Stable Entertainment AB
COPENHAGEN/STOCKHOLM, DECEMBER 17, 2018 – Nordisk Film has increased its ownership share of the Swedish game studio Star Stable Entertainment AB with 15 per cent. Following an 11 million USD (100 million SEK) acquisition of existing shares, Nordisk Film now owns 40 per cent of the company behind Star Stable Online, an online horse adventure game.
As part of a its overall strategy of investing in talented Nordic game development studios, Nordisk Film – a leading Nordic entertainment company – first became a shareholder of Star Stable Entertainment AB in May 2018. At that point, Nordisk Film had acquired shares from the major shareholders only. Now six months later and impressed with Star Stable’s performance, Nordisk Film decided to offer to acquire additional shares from all the company’s other shareholders.
“We really like the company. The team is performing very well and after being onboard for six months we had no doubt that we wanted to make an even stronger commitment to Star Stable’s continued journey. We believe that Star Stable Online has the potential of reaching new markets and of giving even more children and young people all over the world a great and adventurous horseback experience,” said Martin Walfisz, Senior Partner at Nordisk Film Games.
“After having worked with Nordisk Film Games as owners over the last six months we are very happy to see them increase their ownership in the company. We see that as a vote of confidence that we are on the right track with in our mission of bringing high quality entertainment to girls and young women. We are just at the beginning of our epic journey and thrilled to have Nordisk Film Games ride with us into the future!” said Johan Sjöberg, CEO at Star Stable Entertainment AB.
Nordisk Film is a leading entertainment company in the Nordics within films, TV, cinemas and games. Besides its stake in Star Stable Entertainment AB, Nordisk Film is the sole owner of Swedish Avalanche Studios (Just Cause, theHunter, Mad Max) and holds minority ownership positions in Swedish independent game distributor Raw Fury and Danish game studios Flashbulb Games (Trailmakers), Multiverse (Kogama.com) and RETO MOTO (Heroes & Generals).
Head of Press, Nordisk Film
About Nordisk Film
Founded in 1906, Nordisk Film is the leading producer and distributor of films in the Nordic countries and operates the largest cinema chains in Denmark and Norway. Nordisk Film has digital businesses within gift cards, ticketing services, computer games development and eSports and is the distributor of PlayStation in the Nordic and Baltic countries. Nordisk Film is part of Egmont – a leading media group in the Nordics with 6,600 employees and activities in 30 countries. These include Egmont Publishing, which publishes more than 700 magazines, TV 2 in Norway and several book publishers. Egmont is a commercial foundation that generates revenue amounting to EUR 1.6 billion and donate more than EUR 13 million a year to help improve the lives of children and young people. For more information visit www.nordiskfilm.com.
About Star Stable Entertainment AB
Star Stable is an online multiplayer adventure game that encourages girls to work together to solve problems and complete challenges while exploring the fantasy world of Jorvik from horseback. This online 3D game world was built for girls ages 9-16 with a passion for horses and adventure and is the fastest growing horse game in the world with 14.8 million registered users and growing. Star Stable is played in 182 countries and has been translated into 14 languages. The Star Stable game is owned, developed and operated by Star Stable Entertainment AB, based in Stockholm, a hub for global startups and games companies.