Picked by trade magazine Variety as one of 10 Directors to Watch in 2004 because of his debut film One Point Zero, Marteinn St. Thorsson is back in the limelight in Iceland with Stormland, a comedy drama based on Hallgrímur Helgason's novel Rokland, nominated for a 2007 Nordic Council Literary Prize. The film focuses on the anti-social Böddi (Olafur Darri Ólafsson) who loathes modern materialism.
Following a premiere on January 11 attended by 800 guests who gave a standing ovation to the cast and crew, the film opened on January 14 after a strong TV campaign on RUV and Channel 2. Stormland took the third place on the local chart after the Danish hit Clown-The Movie, and Warner's Due Date. "Icelandic films are usually slow in the start, but I hope the film will climb to number two after this upcoming weekend", said Thórisson. The producer is in negotiations with a handful of sales agents and will screen Stormland at the European Film Market in Berlin. The film was supported by Nordisk Film & TV Fond.
In 2011, Pegasus Pictures will concentrate on development, until the financial climate picks up in Iceland. The company has several projects in the pipeline, such as a sequel to the hugely popular four part TV series The Cliff (Hamarinn), which recently aired on Sweden's SVT. Pegasus is also developing a film and TV series based on Norwegian author Margit Sandemo's series, The Legend of The Icepeople which sold over 20 million copies worldwide. Another major project is The Falcons, a film based on the Canadian book ‘When Falcons Fly' by David Square about the Canadian/Icelandic hockey team, The Falcons that won the first Olympic Games in hockey in 1920. The project will be co-produced with Buffalo Gal Pictures in Winnipeg.