The employees of LazyTown, led by sports legend Magnús Scheving, had a great time at the company’s Christmas buffet at Restaurant Reykjavík this weekend, despite the fact that the British newspaper The Sun claims that the company is on the verge of bankruptcy.
Last weekend the Business newspaper Viðskiptablað reported that LazyTown’s bondholders plan to sue the company in January due to unpaid debts. The British newspaper The Sun claimed yesterday that the debts of the owners of LazyTown amount to £15 million. Then the newspaper said that the production of the shows could be stopped if everything goes badly. In English, the sports giant is called Sportacus, but the Sun reporter named him Poortacus in reference to the company’s financial problems.
Those who have written comments on the news hope that everything goes well for Magnús, for the sake of the children. The series about LazyTown is shown in over a hundred countries and has been a big hit with the younger generation. Other British media have covered LazyTown’s financial problems this weekend too, including the Telegraph newspaper.
In an interview with Dagblaðið Vísir on December 3rd, Susanne Noble, LazyTown’s information representative, said the company is not headed for bankruptcy. “We are not going bankrupt and we have complete control over LazyTown.” […] The situation at LazyTown is similar to that of many Icelandic companies. We are working on this in cooperation with bondholders and the company is being restructured.”
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LazyTown stands stronger than ever. The company's relatives are big-hearted and seem to have every reason to be optimistic about the business in the coming years. "We have just become part of the Turner group, which in turn is part of Time Warner. Those agreements were finalized late 2011, and the purpose, among other things, to bring on board an owner who has the right distribution channels," say...
LazyTown is shown in 170 countries and reaches children in 500 million homes. The company has around 300 active contracts at any given time, both with television stations and a variety of producers who have signed an agreement to use the brand. Now LazyTown plans t...
Work is being done to update Sportacus's costume, and for that reason, Thi Theu Hanyaka came to the country to get the job done. "It's been great and I love everyone here at LazyTown. Icelanders are very nice people, even the taxi drivers are normal, unlike what I'...
Hallgrímur Kristinsson has been appointed head of business development at LazyTown. It is stated in the employment notice that Hallgrímur has worked closely with Magnús Scheving, CEO and founder of LazyTown, and its board. Hallgrímur has more than 15 years o...