The Acquisition Expands The Companies' Creative Footprints Into European
Television Market

COPENHAGEN - June 2, 2023 - 5th Planet Games A/S (OAX: 5PG) and Skybound
Entertainment, the leading global multi-platform entertainment company, have
announced their plan of a joint acquisition of Sagafilm ehf (Stella Blómkvist,
The Minister), a premier Nordic production company. The acquisition leverages
the strengths and expertise of each entity to bolster Skybound's European film
and television capabilities and create captivating and high-quality content for
audiences worldwide.

With the acquisition, Sagafilm adds to Skybound an impressive collection of
content that spans various genres and captivating narratives, including highly
anticipated The Minister Season 2 and Operation Napoleon. Furthermore, the
company has established a substantial foothold in servicing production in
Iceland, a region known for high production values, strong writing, and
character-driven storytelling across teen, family, crime, and political dramas.

"This acquisition signifies a substantial foray into the European TV market for
Skybound by leveraging Sagafilm's exceptional track record for producing premium
content and strong presence in the Nordic region," said Rick Jacobs, Managing
Partner of Linear Entertainment at Skybound. "Collaboration opens up new avenues
for the development and production of even more original content, establishing a
firm foothold for Skybound in Europe."

Likewise, for Sagafilm, the acquisition opens the doors to Skybound's 150+ IP,
digitally native partner platforms, and the proven scalability of their 'Wheel
of Awesome" business model. 

"Gaining access to Skybound's extensive roster of intellectual property gives us
all the opportunity to develop localized as well as English-language adaptations
anchored in Europe," commented Kjartan Thor Thordarson of Sagafilm. "We look
forward exploring new avenues through Skybound's Wheel of Awesome model, through
which we can extend our IP into various other forms of media."


For 5PG, the acquisition is a natural expansion of its video game roots within
the Nordics and Europe.

"We are excited that this acquisition will bring significant diversification to
our shareholders beyond games, as we embrace Skybound's innovative Wheel of
Awesome model and expand into film and TV in the Nordics," said CEO of 5PG Mark
Stanger. "By leveraging Sagafilm's expertise and industry reputation, we are
poised to make a significant impact in the European entertainment landscape."

Sagafilm will continue to focus on the growth and enhancement of its local
offerings for organic expansion.

Under the terms of the agreement, BetaFilm Nordics will remain a minority
shareholder, reinforcing the collective vision and commitment to the future
success of Sagafilm. The existing leadership team of Sagafilm, including Kjartan
Thor Thordarson, Managing Partner at Sagafilm, and Ragnar Bjorn Agnarsson,
Chairman, will continue to guide the company in its strategic endeavours.

Skybound and 5PG will also welcome Tjorvi Thorsson as the new CEO of Sagafilm
Iceland. Thorsson's extensive industry experience and expertise will play a
pivotal role in driving the company's growth and expansion. This appointment
demonstrates the commitment to assembling a talented and diverse leadership team
within Sagafilm.

Kjartan Thor Thordarson, Ragnar Bjorn Agnarsson, and Tjorvi Thorsson, along with
their significant contributions to the acquisition, will also become partners in
Skybound Entertainment and 5PG, cementing their pivotal roles in shaping the
future of the partnership.


Press Contacts
Hannah Cosgrove
Head of Corporate Communications
Skybound Entertainment
hcosgrove@skybound.com

Mark Stanger
5th Planet Games
ir@5thplanetgames.com

Ragnar Bjorn Agnarsson
Sagafilm	
ragnar@sagafilm.is






About Skybound Entertainment
Skybound Entertainment is a multiplatform entertainment company that houses
publishing, gaming, merchandise, and other ventures. The company is responsible
for creating television shows such as The Walking Dead and Invincible, as well
as publishing successful comic book titles like "Void Rivals." Skybound is
dedicated to delivering engaging and captivating stories across various mediums.

For the most up to date information on Skybound, follow the company on Twitter
(@Skybound), YouTube (Skybound), Facebook (@SkyboundEntertainment), Instagram
(@skyboundent), Discord (Skybound), Reddit (Skybound), and at www.skybound.com. 
  

About 5th Planet Games
5th Planet Games is a video games financing and publishing company located in
Copenhagen, active in games across all global platforms and devices. It has a
long and successful history of working with established brands and strong IP.
Now, in partnership with Skybound Entertainment, the company has extended access
to compelling, global IP such as The Walking Dead, Invincible, and more.

About Sagafilm
Sagafilm is the leading independent production company in Iceland for TV and
Feature Films with over 40 years of experience. Recent projects include TV drama
series Sisterhood (Viaplay Original Series), Stella Blómkvist (Viaplay Original
Series), The Minister (RUV), Thin Ice (TV4/CMORE), CASE (Netflix Original
Series), and cult comedy series The Night Shift, Day Shift and Prison Shift.
Sagafilm has also produced the feature films Operation Napoleon, The Falcons,
Mr. Bjarnfredarson and Cold Trail. Sagafilm's factual and documentary department
recent projects include Battle For Iceland, Raise the Bar and Out of Thin Air
(BBC Storyville, RUV and Netflix).  Sagafilm's service department highlights
include HBO Max The Flight Attendant, Interstellar, James Bond Die Another Day
and Batman Begins.  TV series by Sagafilm have won the Icelandic Academy Awards
"Eddan" for Best Scripted Series a record 10 times.