Till takes control of Icon Group for int'l distribution
EmptyStewart Till, the former CEO of United International Pictures and current U.K. Film Council chairman, has made his first major move toward an international distribution empire, snapping up Icon Group's international sales arm and distribution companies as well as its Majestic Film and Television library.
Till's Stadium Entertainment, backed by Access Industries, among others, is taking 100% of Icon's distribution and sales operations in a multimillion-dollar deal subject to due diligence.
Till will become president of Icon through the deal, and the company will continue to use the Icon name in the distribution markets and as a sales banner. Mark Gooder will continue to oversee the existing Icon operations, reporting to Till.
The deal, however, does not include Mel Gibson and Bruce Davey's U.S.-based Icon Prods., which remains with the duo.
Till's Icon has sealed a three-year, first-look deal for films produced by Gibson and Davey's label to go through his distribution and sales machine. (partialdiff)