Russia-born tycoon buys Mel Gibson UK cinema firm-paper
MOSCOW (Reuters) - Russian-born tycoon Len Blavatnik has acquired a British cinema distribution business from Hollywood star Mel Gibson, Russian business daily Vedomosti reported on Tuesday.
Blavatnik's Access Industries bought Icon Group, which owns rights to around 500 films including the Oscar-winning "Dances With Wolves", the newspaper reported without specifying the value of the deal.
Blavatnik previously bought 50 percent of Russian film production company Amedia for $45 million in 2005.
Access has bought "more than a controlling stake in Icon UK" from Gibson and partner Bruce Davey, the head of Access Industries business in the CIS, Alex Genin, was quoted as saying by the newspaper.
(Reporting by Vladimir Soldatkin; editing by David Stamp)
© Thomson Reuters 2009 All rights reserved
India Investment Summit 2009
Top executives and bankers discuss their own plans and the broader opportunities and challenges for India. Full Coverage
PLAYBOY SALE
An icon bows to changing times
With his Playboy Enterprises in talks to be sold for about $300 million, the 83 year-old Hugh Hefner will be giving up control over the iconic adult entertainment empire he founded that was instrumental in shaping society's opinions on nudity, sex and free speech. Full Article
India
US
UK
