Meanwhile, the Icon deal represents something of a coup for home entertainment specialists Kaleidoscope, which is unlikely to have paid a vast amount for it given Icon’s probable liabilities. With well-known indie players such as Metrodome, Icon and The Works among those to back out of the space in the last two years consolidation is well underway. studio dominance have also had a knock on effect on the independent community where growing polarization at the box office has led to a fragmented market. Shifting viewing habits and a political system reluctant to impinge on U.S. The company was one of many distributors who struggled with the pound’s plummet post-Brexit. The crowded and pricey distribution scene can be a punishing place. Icon isn’t alone in feeling the heat in the UK, however. But expensive disappointments followed in the shape of Russell Crowe-Ryan Gosling starrer The Nice Guys, Nicolas Winding Refn’s Neon Demon, John Michael McDonagh’s War On Everyone and Tom Hanks comedy-drama A Hologram For The King. Hits out of the gate included horrors The Babadook and It Follows. Relaunched five years ago with backing from Jerome Booth’s private investment firm New Sparta, early signs were promising for Icon. A number of key staff left the company last year. A handful of staff, including marketing head Chris Warrington are still working out there next steps but company head of distribution Zak Brilliant has moved on. It seems unlikely that he will segue to Kaleidoscope. The iconic brand has been owned in previous incarnations by Mel Gibson and Len Blavatnik.Īs for the well-liked team at Icon, CEO Ian Dawson is understood to be helping out during the transition but there is no word on his future moves. We don’t know at this stage whether Kaleidoscope will maintain the Icon name in some form. The company’s enviable 300+ library ranges from mainstream hits such as Paranormal Activity, 30 Days of Night, Transporter 3, What Women Want and It Follows to critical breakouts such as Tom Ford’s A Single Man, La Vie En Rose, Man On Wire, Nicolas Winding Refn’s Drive and The Babadook. Discovery Taps Michele Barney And Eric Phillips For Top Distribution Roles

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