Collapse of Iceland’s Króna Attracts Movie Producers Skip to content

Collapse of Iceland’s Króna Attracts Movie Producers

Icelandic film companies that cooperate with foreign film companies on shooting films in Iceland have never been as busy as this summer. Representatives of these companies attribute this recent upswing in this sector to the depreciation of the ISK.

“The króna is very weak compared to foreign currencies and that is fortunate for companies like ours,” Magnús Vidar Jónsson of Saga Film told Fréttabladid. “We have been considerably busy this summer, much busier than at this time last year.”

Helga Margrét Reykdal at True North agrees. Her company has also been busy for the past weeks. “The month of August has been especially tight-scheduled and lively.”

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