Kaleidoscope Buys U.K. Banner Icon Film Distribution

The Neon Demon Elle Fanning Still 1 2016

The distributor had been up for sale since September.

U.K. distributor Icon Film Distribution, which was put up for sale in September, has finally found a buyer. 

Home entertainment specialist Kaleidoscope, alongside its main backer Schneider Media Investments, has acquired the struggling company following months of negotiations, The Hollywood Reporter has learned. 

Icon, which relaunched five years ago and had hits with the likes of It Follows and The Babadook, experienced a succession of pricey misfires, including Nicolas Winding Refn's The Neon Demon; the Russell Crowe and Ryan Gosling comedy The Nice Guys; A Hologram for the King, starring Tom Hanks; and John Michael McDonagh's War on Everyone. It also struggled with the fall of the pound following the Brexit decision. 

While financial details weren't disclosed, the purchase by Kaleidoscope includes Icon's 300-plus library, which includes such films as What Women Want, Paranormal Activity, Man on Wire and Drive