U.S. licensing and distributor firm Digital Content International (DCI) has acquired a stake in Scandinavian distributor Nordic World.
The deal will see Nordic World’s slate of television drama, formats and docs expand its international footprint via DCI’s global distribution network.
Nordic World’s headquarters will remain in Oslo, Norway and its executives, some who are currently residing in London and New York, will team with DCI’s management department.
DCI’s sales and acquisition executives currently operate exclusively in Europe, Australasia, China, Africa and Latin America.
There is also a plan to open a production unit in Los Angeles which will handle the companies’ portfolio of projects.
“The arrival of [DCI owner and CEO] Michael Jay Solomon as partner to NordicWorld will bring us huge entertainment business acumen and entrepreneurial experience that will be instrumental in pushing the company into the next phase of growth,” said Espen Huseby, CEO of Nordic World, in a statement.
Stockholm-based media finance and business development company Involvy AB brokered the deal.
Nordic World was established in 2005 by major broadcasters in the Nordic region, including TV4 Sweden, TV2 Norway, TV2 Denmark, MTV3 Finland and NRK Norway, to provide a space for original Nordic content.
In June 2016, Huseby inked a management buyout from Norwegian broadcaster TV2 which saw him become the sole owner and chairman of the company.