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Image Entertainment Inc fka DISK RSS Feed

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*1/12/2010====>NEWS AND UPDATES!!!~>

 

 

 

 

http://ih.advfn.com/p.php?pid=nmona&cb=1263400650&article=41069212&symbol=N%5EDISK 

 

 

Image Entertainment Announces New Management Team
 

Image Entertainment, Inc. (NASDAQ: DISK), one of the largest independent home entertainment distributors in North America and a leading pioneer of the multi-billion dollar optical disc industry, proudly announces a new chapter with the close of the previously announced sale of preferred stock to JH Partners. In connection with the closing, the company unveils its new management team consisting of corporate entertainment veterans Ted Green, John Avagliano and award-winning producer John Hyde. The announcement was made today at the company’s Chatsworth headquarters

“Today marks an entirely new day for Image Entertainment,” remarked Green, Chairman and CEO of Image. “Image is a name that has meant quality not only in content, but in presentation. While the new media marketplace poses great challenges for any home entertainment programmer, our goal is to strengthen Image Entertainment’s name while remaining synonymous with great product. We expect to be very active in the acquisition of rights and companies.” Green will serve as Chairman/CEO with Hyde as Vice Chairman and Avagliano taking the role of Chief Operating Officer/Chief Financial Officer. In addition to Mr. Green, the other members of the new board of directors of Image after the sale of preferred stock include Patrick Collins and Michael John, both of JH Partners. All members of the Image board prior to the close of the sale of preferred stock resigned effective immediately after the close. The company will immediately and aggressively pursue acquisition of global media content for exploitation in the packaged media, digital and mobile markets

“We are excited to partner with an experienced and proven management team and feel confident that the combination of their strategic vision and an improved balance sheet will afford impressive growth opportunities for Image,” commented Patrick M. Collins, JH Partners

“We are looking forward to maximizing our various different individual strengths with Image,” stated Hyde, Vice Chairman. “Each of us brings a different set of industry skills and relationships to this venture and we are confident that we can expand on the rich history that is Image Entertainment.” “In the past, Image has focused primarily on content acquisition and distribution for the North American market,” said Avagliano, COO/CFO. “We plan to build a strong international presence for the company as well.” Ted Green’s accomplishments within the entertainment industry reach back three decades, covering music and home entertainment. From 2007 to 2009, Mr. Green was chairman of publicly traded TM Entertainment and Media, an Amex traded company that merged in October 2009 with ChinaMedia Express. From 2003 to 2006, Mr. Green was CEO and Co-Owner of independent home media label Anchor Bay Entertainment, which at that time was a subsidiary of IDT Entertainment. From 1992 to 2000, Mr. Green was the founder and President of SonyWonder, the division of Sony BMG Music Entertainment responsible for the production and distribution of media geared toward youthful audiences and also for all home video distribution. Green’s resume includes management positions at such renowned media companies as CBS Records, Polygram Records and ATCO

John Hyde is an award-winning television and motion picture producer whose long list of credits include such successful television titles as “The Simpsons,” “King Of The Hill,” the animated “Hellboy,” and Masters Of Horror, as well as many motion picture titles including The Neverending Story, Short Circuit and the award-winning Das Boot. Most recently, Hyde is in development at Disney with Flight Of The Navigator 2 and at The Weinstein Company with Short Circuit 3. Hyde also is currently Vice Chairman at The Jim Henson Company and previously from 2006 to 2007 Chief Operating Officer at Starz Media, as well as from 2003 to 2006 Chief Operating Officer of IDT Entertainment, CEO of IDT Productions from 2003 to 2006, and from 1999 to 2006 CEO of Film Roman, the animation company behind the wildly successful “The Simpsons.” John Avagliano is currently President of Britannia Holdings, providing strategic and financial management services to the film, video and apparel industries. Clients have included Live Nation Entertainment, Ticketmaster Entertainment, Palm Pictures, GTCR, CAK Entertainment and Pacific Connections. Prior to Britannia, Avagliano held senior level finance management positions at Warner Music Group, where he served as Senior Vice President of Financial Operations and Shared Services; Warner Home Entertainment, where he served as Chief Financial Officer; Polygram Records, where he served as Vice President of Finance for audio, video and merchandise distribution in the United States; and Avon Products

Pali Capital, Inc. acted as financial advisor to JH Partners and the management team on this transaction. Houlihan Lokey served as financial advisors to Image Entertainment

About Image Entertainment Image Entertainment, Inc. is a leading independent licensee and distributor of entertainment programming in North America, with approximately 3,200 exclusive DVD titles and approximately 340 exclusive CD titles in domestic release and approximately 400 programs internationally via sublicense agreements. For many of its titles, the Company has exclusive audio and broadcast rights and, through its subsidiary, Egami Media, Inc. has digital download rights to approximately 2,000 video programs and over 300 audio titles containing more than 5,100 individual tracks. The Company is headquartered in Chatsworth, California. For more information about Image Entertainment, Inc., please go to www.image-entertainment.com

About JH Partners JH Partners is a San Francisco-based private equity firm focused on building sustainable, long-term equity value in consumer and marketing-driven growth companies

JH Partners' professionals work closely with the management teams of partner companies, providing strategic, operating and financial guidance to facilitate the growth and success of these companies and to provide meaningful returns to investment and management partners. JH Partners' relationships with management are long-term in nature, which enables JHP to provide close collaboration over a range of strategic issues

The principals of JH Partners have invested, on behalf of themselves and their co-investors, approximately $600 million and are currently investing a $390 million fund raised in 2008. JH Partners' principals consistently commit significant amounts of personal capital to JHP investments and view themselves as co-investors, not money managers

 

 

 

Image Entertainment, Inc.

20525 Nordhoff Street
Suite 200
Chatsworth, CA 91311 

 

Phone:  (818) 407-9100

 

 

Outstanding Shares:  21,855,718 as of Feb 5, 2009

 
Image Entertainment, Inc. (Nasdaq: DISK) is an integrated home entertainment company, primarily engaged in the business of acquiring and distributing entertainment programming. Image acquires and exploits exclusive rights to a diverse array of general and specialty entertainment programming, such as music concerts and other genres in DVD and other home entertainment formats. In addition to its current core business of domestic DVD distribution, Image may also acquire exclusive audio rights and broadcast rights including video-on-demand, broadband streaming and digital download, pay-per-view, in-flight, radio, satellite, cable and broadcast television. Image not only acquires exclusive programming from third parties, it designs and produces additional content and value-added features such as interactive menus and packaging and marketing materials for its DVD releases. Image has expanded its business and operations to produce proprietary original entertainment programming focusing on live performance music, primarily in the DVD format. Image is recognized as a leading provider of music-related DVD programming.

Image’s business strategy is to pursue, secure and exploit exclusive rights to as many different types of home entertainment programming as feasible, in as many formats and distribution methods as feasible, in as many territories as feasible, and for the longest term feasible. Image strives to grow a stream of exclusive revenues by building a strong customer base and a library of exclusive titles that can be exploited in existing home entertainment formats such as DVD, Blu-ray and CD and expanding distribution channels such as video-on-demand, digital download and broadband streaming media. Exploitation rights acquired by Image on an individual title basis will vary as to format rights acquired.

Image’s titles in release are from a broad spectrum of genres such as pop/rock concerts & music videos; operas & classical music; children’s programming; animation; special interest/classic films; foreign films; cult feature films; episodic television; feature films; country music concerts & music videos; mature audience programming; urban videos & music concerts; Broadway performances & shows. In addition, Image also has a line of exclusive audio programming.

The Company is headquartered in Chatsworth, California. Image maintains International distribution through sublicense agreements with BMG and others for available programming on DVD and Blu-ray as well as broadcast.


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