In addition to the initial fee, Schibsted said there will be an additional fee paid in 2011 based on the company’s performance during the next four years.
Stockholm-Copenhagen Productions is a Swedish TV production company that develops and owns its own formats, and is responsible for both concept, development, sales and production.
The company is partly owned by Filip Hammar and Fredrik Wikingsson, two of Sweden’s most popular television personalities. It’s CEO and founder is Henrik Bastin.
In 2006, the company had revenues of 71 million kronor.
Schibsted said the deal will make Metronome a clear leader within TV production in Sweden.
The Norwegian firm said the “core activities of the company will be strengthened”, and that there are “considerable synergies” to be realized.
Metronome is a partnership with Dutch media group Endemol, which has a 35 percent stake in the venture.