LONDON — Intermedia has agreed to buy Largo Entertainment’s library of 25 pics for an undisclosed sum believed to be between $10 million and $15 million.
The movies, made between 1991 and 1998, include Spike Lee’s “Malcolm X,” Kathryn Bigelow’s “Point Break” and the Ridley Scott duo “G.I. Jane” and “White Squall.”
“This Largo library is a major collection of successful and critically acclaimed films,” said Intermedia co-chairman Guy East. “Its acquisition contributes to Intermedia’s strategy of building up a strong library of film rights.”
Largo, which was majority owned by Japanese company JVC, effectively shuttered its operations in 1999.