LONDON — Lionsgate U.K. has confirmed that it will take over Icon Film Distribution’s theatrical slate moving forward, which includes upcoming titles like “You’re Next,” “On the Road” and “Postman Pat: The Movie.”
The announcement, which was made by Lionsgate U.K. CEO Zygi Kamasa and chief operating officer Guy Avshalom on Wednesday, comes after Variety revealed on Monday that Icon was shuttering its U.K. distribution biz and Lionsgate was believed to be buying the library.
“This move will further assert our position in the competitive U.K. marketplace,” said Aviv Giladi, who was tapped as Icon’s CEO last week. “We are looking forward to working closely with Zygi, Guy and all the team at Lionsgate on what we hope to be a very successful relationship.”
Avshalom stated: “We are delighted to be working with Aviv and his team at Icon and including a variety of titles into our expanding theatrical slate. I believe this partnership presents an excellent opportunity for both companies to work together.”
Going forward, Icon says that it will be focusing its business more on production and financing mainstream pics in the $15 million-$20 million range.