Icon is to close its distribution wing in the UK and cut around 20 out of the 32 jobs in its London office, reports Variety. Lionsgate UK are said to be in talks to acquire Icon's library and distribute those titles acquired by the label but not yet released.
Employees at Icon, said to be shifting towards a greater emphasis on production, are currently going through a redundancy consultation phase. In January, 15% of staffers at the company were laid off as a cost-cutting measure. Variety suggests that the managing director of the company, Ian Dawson, had been given a year to improve Icon's performance or face its closure.
If Lionsgate does buy the library, it will be picking up titles such as A Single Man, The Road, Precious, The Killer Inside Me, Man On Wire and Paranormal Activity. The label had a number of high-profile releases this year including Project Nim, The Devil's Double, The Beaver and, most recently, Drive.
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