During the Norwegian International Film Festival, a new initiative has been announced that could help fund new Scandinavian television series.

The fund, which will have around €3 million (US$3.53 million) to play with, will support one or two blockbusters a year, most likely films that fit into popular genres like ‘Nordic Noir’. It has the name ‘Nordisk Stor Film Fond’ (or the Nordic Big Film Fund in English).

The fund was announced by Norway’s Culture Minister Linda Hofstad Helleland, who said it would be administered by the Nordisk Film & TV Fond on behalf of the Nordic film institutes. The aim is to create new models of financing and distribution and strengthen Nordic co-productions and improve the export of Nordic content.

Hopefully, the fund will help the export of Nordic content, especially considering it’s still hard to find Nordic films outside of film festivals. We love the idea of more blockbuster genres coming from Scandinavia, but let’s not forget it is the art directors who still sell more tickets.

Claus Ladegaard, head of film funding at the Danish Film Institute and one of the initiators of the Nordic Big budget Film Fund said: “We have to incentivise producers to have bigger ambitions in today’s market where middle films simply don’t work anymore.“

The fund will be proposed for the new scheme to be discussed between the Ministers of Culture at the next Nordic Council’s session in November.