Svenska Bio is a cinema company headquartered in

Lidingö Lidingö, also known in its definite form ''Lidingön'' and as ''Lidingölandet'', is an island in the inner Stockholm archipelago, northeast of Stockholm, Sweden. In 2010, the population of the Lidingö urban area on the island was 31,561. It is ...

Sweden Sweden, formally the Kingdom of Sweden,The United Nations Group of Experts on Geographical Names states that the country's formal name is the Kingdom of SwedenUNGEGN World Geographical Names, Sweden./ref> is a Nordic country located on ...

. In the late 1980s, the company was formed from a

merger Mergers and acquisitions (M&A) are business transactions in which the ownership of companies, other business organizations, or their operating units are transferred to or consolidated with another company or business organization. As an aspect ...

between Fornstams Biografer and several cinemas owned by Svensk Filmindustri. In August 2007 the company bought two cinemas in

Stockholm Stockholm () is the Capital city, capital and List of urban areas in Sweden by population, largest city of Sweden as well as the List of urban areas in the Nordic countries, largest urban area in Scandinavia. Approximately 980,000 people liv ...

, called Victoria and Grand, from

Astoria Cinemas Astoria Cinemas was a cinema chain that was started by people from Triangelfilm, Atlantic Film and S/S Falden which in April 2005 bought Sandrew Metronome's cinemas in Sweden. Sandrew's cinemas in Sweden has been for sale since August 2004 beca ...

. By doing so, they then owned 16% of the Swedish cinema market. They are the second biggest cinema chain in Sweden. By November 2017, the company had with 37 cinemas, 142 screens, 12,724 chairs and by May 2018, the company had spread to 55 cities.

Ownership

Peter Fornstam, the

CEO A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especially ...

of Svenska Bio, owns 50 percent of the company, and

SF Bio Filmstaden AB (formerly SF Bio AB ) is Sweden's largest cinema chain, and was founded in 1998 after Svensk Filmindustri was split into SF and SF Bio. The company is owned by the european group Odeon Cinemas Group, which has been owned by the worl ...

, a

subsidiary A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a s ...

Nordic Cinema Group Nordic Cinema Group is a Swedish company which owns 103 cinemas and 590 cinema saloons in six countries ( Sweden, Norway, Finland, Estonia, Latvia and Lithuania). It was founded in 2013 through a merger of Filmstaden in Sweden, Odeon Kino in N ...

which is itself a subsidiary of Odeon Cinemas Group, owns the other 50 percent.

References

{{Authority control Cinemas in Sweden Cinemas and movie theaters chains