Cannes: Up to 50 feature films from the five Nordic countries will benefit from the newly launched investment and distribution fund, Scandinavian Film Funds that will provide a combination of private equity and bridge financing in the range of DKK3-5m (€401,000-€670,000) per project.

The new funding and distribution scheme for Nordic films will be introduced on Sunday at the Scandinavian terrace in Cannes by its three founding partners Kim Magnusson, producer at M&M Productions, currently tied to a multi-Scandi film deal with Netflix, Christian Bévort, former founder of European Film Group and of the social media agency Belong, as well as Sune Lind Thomsen, former Head of Theatrical Distribution at SF Studios Denmark, also serving as GM for Warner Bros amd MGM Theatrical.

Bévort will be CEO and Fund Manager for Scandinavian, Magnusson will act as Head of Creative, working closely with the producers on development and production, while Thomsen will be Chief Commercial Officer and Head of Distribution.

Asked what triggered them to launch this fund, Bévort told “We think that the industry in general has room to expand, and also increasingly needs to be innovative when it comes to distribution.”

Details of the Fund’s budget and objectives will be unveiled on Sunday.