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RLJ Entertainment (RLJE), AMC Networks (AMCX) Enter into Strategic Partnership – Shares of Both Companies Higher

Company: RLJ Entertainment, Inc. (RLJE)
Category: News

RLJ Entertainment (NASDAQ: RLJE) this morning announced its strategic partnership with AMC Networks (NASDAQ: AMCX) under which AMC Networks has invested $65 million – in the form of loans – to RLJ Entertainment to provide capital and additional resources needed to explore growth opportunities. Additionally, AMC Networks has received warrants which potentially provides the company at least 50.1% of the outstanding RLJ Entertainment common stock on a fully diluted basis.

To view the full press release, visit: http://nnw.fm/hQ7sB

About RLJ Entertainment

RLJ Entertainment, Inc. (NASDAQ: RLJE) is an entertainment content distribution company in primarily North America, the United Kingdom, and Australia. RLJ Entertainment’s titles are distributed in multiple formats including broadcast television (including satellite and cable), theatrical and non-theatrical, DVD, Blu-Ray, digital download, and digital streaming.

With its popular OTT branded channels, Acorn TV (British TV) and UMC (Urban Movie Channel), RLJ Entertainment targets distinct, premium audiences and Urban niche audiences. The company grows its proprietary digital channels through development, acquisition, and distribution of exclusive rights of program franchises and feature film content.

Through Acorn Media Enterprises, its UK development arm, RLJE owns all rights to the hit UK mystery series Foyle’s War and is developing new programs. RLJE owns 64% of Agatha Christie Limited, which manages the intellectual property and publishing rights to some of the greatest works of mystery fiction, including stories of the iconic sleuths Miss Marple and Poirot.

For more information, please visit RLJEntertainment.com, Acorn.TV, and UrbanMovieChannel.com.

About AMC Networks Inc.

Dedicated to producing quality programming and content for more than 30 years, AMC Networks Inc. owns and operates several of the most popular and award-winning brands in cable television.  AMC, IFC, SundanceTV, WE tv, and IFC Films produce and deliver distinctive, compelling and culturally relevant content that engages audiences across multiple platforms.  The Company also operates BBC America through a joint venture with BBC Worldwide.  In addition, the Company operates AMC Networks International, its global division.  For more information, please visit www.amcnetworks.com

About NetworkNewsBreak

NetworkNewsBreak is a rapid summary of a press release that caught the attention of NetworkNewsWire (NNW). NNW provides news aggregation and syndication, enhanced press release services and a full array of social communication solutions. As a multifaceted financial news and distribution company with an extensive team of journalists and writers, NNW is uniquely positioned to best serve private and public companies who need to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing network of more than 5,000 key distribution outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge. For more information, visit https://www.NetworkNewsWire.com.

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