He is best known for directing the films 101 Reykjavík, The Sea, A Little Trip to Heaven, Contraband, 2 Guns, Everest, Touch, and the TV series Katla.

[citation needed] In 1999, Baltasar founded the film production company Blueeyes with his wife Lilja Pálmadóttir.

In December 2011, the production of drama film Rocketman was announced, with Baltasar Kormákur and Dagur Kári set to direct.

[2][3] Baltasar's 2012 film The Deep was selected as the Icelandic entry for the Best Foreign Language Oscar at the 85th Academy Awards,[4] making the January shortlist.

[1] In February 2015, it was announced that his next film would be the crime-thriller The Oath,[7] which is based on a script by actor Ólafur Egilsson.