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Industry / Market - Iceland

Industry Report: Produce - Co-Produce...

Icelandic producer-director Baltasar Kormákur builds two new studios near Reykjavik

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The complex, located in Gufunes, near the sea, will also host post-production facilities, office spaces, sound stages, and apartments for filmmakers and crew

Icelandic producer-director Baltasar Kormákur builds two new studios near Reykjavik
Producer-director Baltasar Kormákur

Construction is under way on two new studios in Iceland. The project, spearheaded by director Baltasar Kormákur and priced at around $30 million (circa €26.9 million), will cover an area of approximately 40,000 sq ft of production space along with 30,000 sq ft of office space, and 800-1,000 apartments for filmmakers and crew working at the studio. The news was first reported by kftv.com.

The complex, located just 10-15 minutes away from Reykjavik city centre, will also host post-production facilities, sound stages, soundproofed walls and a dining area.

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Speaking about the project, Kormákur said: “I want to move the Icelandic film industry forward and bring more productions that can come to the region for more than just the locations. With the additional new studios, there is potential to do things in Iceland that we haven’t been able to do before. If plans to increase the Icelandic rebate go ahead, that will boost business, welcoming longer shoots to the studio. I’ve worked in a lot of studios in London, but I wanted to build something different. It will be like a film village where people are able to live in a creative environment near the studios, and we could also have more companies working at the facility. The idea is that it will be like trying to put Pinewood in Soho.”

Kormákur disclosed plans to build a third, “more high-tech” studio on a nearby plot of land. Construction on the building, which will host the European Film Academy party in December, will be finalised later this year. Recent projects shot in the country include Washington Black, Heart of Stone [+see also:
film review
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and Retreat.

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