Internationalmedia has signed a deal to take over 100% of the US-based Initial Entertainment Group, (IEG) (see Screendaily, Oct 26).

IEG is an independent Hollywood film company specialising in the distribution of film rights obtained through license agreements or co- productions.

IEG owns the international rights to over 20 films, including Steven Soderbergh's Oscar-winning Traffic, Michael Mann'sAli and Martin Scorsese's Gangs Of New York.

IEG will now become the second label of the Internationalmedia group next to Intermedia, but will also continue to operate as an independent venture.