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Talking out of your ass again I presume?
There is an rumor: CH11 or CH7 will be filed today or tomorrow...
BIG BLUEEEEEEEEEEEEEEEEEEEE!!!====>DISK FLYING OFF THE RADAR~LOOKED GOOD AT .7OzZz!!!!!!
weeeeeeeeeeeeeeeeeeeees coming soon!!!!
Image Entertainment defaults on convertible note, may have to pursue Chapter 11
Dec 15, 2009 9:05:00 AM
Image Entertainment announced that it has defaulted on payment under its 8.875% senior convertible note due August 30, 2011 in the principal amount of $15,700,972.60. The Company does not currently have the funds, or access to the funds, necessary to repay all of its outstanding obligations to the Holder, Wachovia, Arvato and its other creditors. Unless the Company is able to negotiate an amendment, forbearance or waiver with the Holder, Wachovia, Arvato and its other creditors, the Company does not currently expect to be able to cure the defaults under its debt agreements, which failure to cure would have a material adverse effect on the Company's liquidity, business, results of operations and financial condition and on its ability to continue as a going concern and could potentially force the Company to file for protection from its creditors under Chapter 11 of the U.S. Bankruptcy Code. The Company continues to work with its financial advisor to explore strategic alternatives
Image Updates Logo, Web Site
To help mark its 25th anniversary, Image Entertainment has unveiled a new print logo to go along with a redesigned Web site and updated animated theatrical logo — the latter due in September with the release of The Other Man, starring Liam Neeson and Antonio Banderas.
The new site design will be unveiled in August, according to Steve DeMille, SVP of marketing with Chatsworth, Calif.-based Image.
In addition to an updated font style, the print logo incorporates a red-colored pixel to dot the letter ‘I’ in Image, in a nod to the digital future, DeMille said.
The new logo is appearing in print ads for the Sept. 29 Blu-ray/DVD release of comedy Management, starring Jennifer Aniston and Steve Zahn.
“We’re freshening up the logo and making a little change on the aesthetics,” DeMille said.
Source: http://www.homemediamagazine.com/image/image-updates-logo-web-site-16399
Image reverses most of its losses
Image Entertainment dramatically narrowed its losses for fiscal 2009, falling just shy of moving into the black.
Blaming a weak economy for the softer than expected performance, Image recorded a $1.8 million net loss for the full year, greatly slimming its $23 million loss a year earlier. Annual revenue rose 36% to $130.7 million.
The company posted a $3.3 million net loss for the three months ended March 31, again significantly improving its performance of a year earlier, when it lost $14.7 million. Quarterly revenue lifted 2.3% to $26.6 million.
For much of Image’s fiscal 2009, the company felt on the right business track, cutting expenses and shifting to releasing higher-profile DVD product, despite the distraction of two collapsed mergers, with BTP Acquisition Company and Nyx Acquisitions.
However, the recession ultimately prevented Image from returning to profitability in 2009.
“Despite the efforts of the big revenue increases, we didn’t achieve profitability,” Image president/chief financial officer Jeff Framer said in a Thursday call with analysts. “We weren’t impacted by the economic slowdown in the first nine months, but now we are seeing reduction in retail purchases and increased product returns. … Our [store] customers appear to be aggressively conserving cash, and are being conservative with their inventory.”
Image’s standard-definition DVD titles were among the worst hit areas in the last part of the year, with revenue down 16.4% from fourth-quarter 2008, to $20 million. Faring better was Blu-ray Disc revenue, multiplying six times to $1.3 million. Also enjoying momentum, digital revenue climbed 177% to $1.5 million.
Answering the rough financial climate, Image reduced its executive ranks twice this year, in February and June, saving a total of $3 million in personnel costs.
During the call, Image disclosed that an auditing firm will soon announce that it has substantial doubt about Image’s ability to continue as a going concern. This information will be included in Image’s 10-K to be filed on June 29.
However, Image is still pushing ahead with its fiscal 2010 goals. The company recently hired a financial advisor to suggest various strategic opportunities, including exploring the possibility of another sale.
Image is upbeat about its coming slate of feature films starring well-known talent, including Management with Jennifer Aniston and The Edge of Love with Kiera Knightley. Image also will soon street Terry Fator: Live From Las Vegas, starring the popular comedian, on Sept. 1.
“Going forward, we expect to work to reduce our costs further, and work to save more money,” said Framer. “Our advisor will also keep looking at various alternatives for Image.”
Source: http://www.videobusiness.com/article/CA6667585.html
Making a move north today.
I am in going for the ride !!!
Hey FUGUE....
how have you been??? things haven't been the same since the "H" crash...LOL
Hey DISK!
Feel free to start running anytime now. Sleepy time is over. Let's get this show on the road!
"Image Entertainment, Inc. engages in the acquisition, production, and distribution of content for release on DVD and in other home entertainment formats in the United States. It acquires and exploits distribution rights to various general and specialty content, including comedy, theatrical catalog films, music concerts, independent films, urban, foreign and silent films, latin, youth culture/lifestyle, theatre, television, country, and gospel."
"Genius Products (also known as Genius Entertainment), is a leading independent home-entertainment distribution company that produces, licenses and distributes a valuable library of motion pictures, television programming, family, lifestyle and trend entertainment on DVD and other emerging platforms through its expansive network of retailers throughout the U.S. Genius Products handles the distribution, marketing and sales of DVDs, Blu-Rays, Music, and Video Games for several companies, including Discovery Communications, Animal Planet, Discovery Kids, TLC, Asia Extreme, Dragon Dynasty, Dimension Films, Entertainment Rights, Classic Media, Big Idea, ESPN, IFC Films, RHI Entertainment, Sesame Workshop, World Wrestling Entertainment (WWE), Tartan Films, ImaginAsian, The Jim Henson Company, MPCA, Genco Interactive, B1 Games, Inxile Entertainment, and The Weinstein Company."
Since numerous buyout attempts have failed recently for Image Entertainment, I see the company eventually forming a partnership / merger with a similarly aligned / positioned multimedia company, such as Genius Products, imho. GLTY!
So Fred - How do you see this playing out? Care to speculate?
Image Entertainment Hires New Financial Advisor
DVD distributor Image Entertainment Inc., which recently ended an protracted, unsuccessful attempt to be acquired by a company that couldn’t come up with the financing, apparently is ready to jump into the M&A pool once again.
The Chatsworth licensee and distributor of entertainment programming said Wednesday that it has retained Houlihan Lokey Howard & Zukin Capital Inc. to explore strategic alternatives, which could include financing or sale transactions.
“In choosing Houlihan, we were very impressed with their reputation and positive track record, and we are confident that they will help us strategize the best course of action for Image’s shareholders as we move forward,” said President Jeff M. Framer in a statement.
Image has made repeated attempts in the past few years to find a financial backer that would allow the company to retain some of its independence.
The company in April ended a merger agreement with Nyx Acquisitions Inc. after the San Francisco private equity firm repeatedly failed to meet deadlines for closing the $60.2 million deal first announced in November.
An earlier merger with BTP Acquisition fell apart in February 2008 when BTP also could not arrange financing. In addition, Image’s board and management fought off an unfriendly takeover attempt by Santa Monica independent studio Lions Gate Entertainment Inc.
Source: http://www.labusinessjournal.com/article.asp?aID=55580683.2549755.1784965.3900229.4950736.684&aID2=137296
I've never traded pinks and don't plan to start now.
I agree that DISK is a great buy right now. Price will not stay here much longer.
:)
DISK Engages Financial Advisor
Image Entertainment Engages Financial Advisor
Houlihan Lokey to Advise on Strategic Business Alternatives
CHATSWORTH, Calif.--(BUSINESS WIRE)--Image Entertainment, Inc. (NASDAQ: DISK), a leading independent licensee and distributor of entertainment programming in North America, announced today that it has retained Houlihan Lokey Howard & Zukin Capital, Inc. as the Company's exclusive financial advisor. They will assist the Company in analyzing a wide range of strategic alternatives, including potential financing or sale transactions. The Company can give no assurance that a transaction of any kind will occur.
Jeff M. Framer, President of Image, stated, “Both management and the Board look forward to working together with Houlihan Lokey to find the optimal scenario to maximize shareholder value. In choosing Houlihan, we were very impressed with their reputation and positive track record, and we are confident that they will help us strategize the best course of action for Image’s shareholders as we move forward.”
About Image Entertainment:
Image Entertainment, Inc. is a leading independent licensee and distributor of entertainment programming in North America, with approximately 3,500 exclusive DVD titles and approximately 370 exclusive CD titles in domestic release and approximately 600 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 programs containing more than 4,500 tracks. The Company is headquartered in Chatsworth, California. For more information about Image Entertainment, Inc., please go to www.image-entertainment.com.
Forward-Looking Statements:
This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 relating to, among other things, our goals, plans and projections regarding our financial position, results of operations, market position, product development and business strategy. These statements may be identified by the use of words such as “will,” “may,” “estimate,” “expect,” “intend,” “plan,” “believe,” and other terms of similar meaning in connection with any discussion of future operating or financial performance or other events or developments. All forward-looking statements are based on management’s current expectations and involve inherent risks and uncertainties, including factors that could delay, divert or change any of them, and could cause actual outcomes and results to differ materially from current expectations.
These factors include, but are not limited to, (a) our ability to secure media content on acceptable terms, (b) our ability to service our principal and interest obligations on our outstanding indebtedness, (c) our ability to refinance or renegotiate our existing senior subordinated indebtedness, (d) the ability of our common stock to continue trading on NASDAQ, (e) changes in the retail DVD and digital media and entertainment industries, (f) changes in our business plan, including, without limitation, successfully implementing our feature film distribution plans, (g) our inability to raise additional working capital on acceptable terms, (h) heightened competition, including with respect to pricing, entry of new competitors, the development of new products by new and existing competitors, (i) changes in general economic conditions, including the performance of financial markets and interest rates, (j) difficult, adverse and volatile conditions in the global and domestic capital and credit markets, (k) claims that we infringe other parties’ intellectual property, (l) the performance of business partners upon whom we depend, (m) changes in accounting standards, practices or policies, (n) adverse results or other consequences from litigation, arbitration or regulatory investigations, and (o) further sales or dilution of our equity, which may adversely affect the market price of our common stock.
For further details and a discussion of these and other risks and uncertainties, see “Forward-Looking Statements” and “Risk Factors” in our most recent Annual Report on Form 10-K, and our most recent Quarterly Reports on Form 10-Q. Many of the factors that will determine the outcome of the subject matter of this press release are beyond Image Entertainment’s ability to control or predict. Actual results for the periods identified may differ materially from management’s expectations.
Unless otherwise required by law, we undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.
http://www.businesswire.com/portal/site/google/?ndmViewId=news_view&newsId=20090520006223&newsLang=en
OK well.....
if its over...its over, LOL yea a hug would have been nice.
Oh, you're stalking me now? haha....
I don't know what you're complaining about - I left you $10 on the nightstand.
Geez... what do you want next? For me to cuddle you?
No MOD for me thanks. I refuse to let myself get emotionally involved again. I'm not going through another round like I did with HAYZ.
Go DISK!
LOL...its like you left in the morning...
but never bothered to say good bye!!!! go on you can do it...click on the "make me Mod" button.
Merger Happening?
Anyone with any scoop on a new successful merger? There are some rumors being tossed around about a new merger bringing $2.00 pps, but nothing definitive.
Wait until Christmas season ramps up! I expect packaged media (Blu-Ray, DVD, and Video Games) to have a stellar season. Genius will also mint money with Scratch: The Ultimate DJ. There are some great updates over on the GNPR iHub forum, GLTY.
You mean GNPR on the pinks? But aren't they in the middle of some lawsuit?
Oh well, whatever makes the price go up is all that matters.
So are you the only one around? lol...
Yeah, Genius is sweet! ;oD
If a partnership were to be formed between Image Entertainment and Genius Products, I would expect it to evolve rapidly in a positive direction for both companies, imho.
Yeah, they showed up on my screener the other day and it caught my interest, now reading up on it. I like what I see so far.
What do you think the chances are of a successful merger?
DISK has a valuable library of media content.
I would love to see a merger between GNPR Genius
Products and DISK, GLTY.
Has DISK been ignored or what?
Seems there are few right now really following this and this place is EMPTY!
Well, if there is anyone around in DISK, would be nice to hear from you to compare notes.
Go DISK!
lets see it happen i am in.
Image Entertainment, Inc. (NASDAQ:DISK), a leading independent licensee, producer and distributor of home entertainment programming in North America, announced today that Image Entertainment and Nyx Acquisitions, Inc., an affiliate of Q-Black, LLC, signed the fourth amendment to the amended merger agreement. Pursuant to the fourth amendment, the closing date will continue to be April 20, 2009. Nyx has agreed to deposit $1.0 million into Image’s operating account by noon on Friday, April 17, 2009. Nyx has also agreed to release to Image the remaining $1.5 million currently being held in the trust account.
Both the $1.0 million and $1.5 million amounts are not refundable to Nyx and will have no effect on the purchase price under the merger agreement, which remains $2.75 per share. In addition, Nyx will not receive any capital securities or debt obligation from Image for the payments.
All other provisions of the merger agreement remain in place. Nyx continues to have the ability to further extend the closing date to May 4, 2009 if Nyx requests to do so by April 16, 2009, agrees to increase the business interruption fee by an additional $3.0 million, and deposits the additional $3.0 million into the trust account by April 20, 2009.
Image Announces 'Edge of Love' for Blu-ray
Tue Apr 07, 2009 at 09:00 AM ET
Tags: Disc Announcements, Image Entertainment (all tags)
Image Entertainment will release the romantic period drama 'The Edge of Love' on Blu-ray in mid-July.
Perhaps more widely known in the States for the tabloid attention paid to stars Sienna Miller and Keira Knightley than for its tale of the romance between legendary poet Dylan Thomas and the two different women, Image will release the little-seen drama on Blu-ray July 14, day-and-date with the standard DVD.
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Tech specs will see 1080p/AVC MPEG-4 video and a DTS-HD Lossless Master Audio 5.1 Surround track.
No bonus features have been announced, but we'll keep you posted.
Suggested retail price for each has been set at $35.98.
You'll find the latest specs for 'The Edge of Love' linked from our Blu-ray Release Schedule, where it is indexed under July 14.
See what people are saying about this story in our forums area, or check out other recent discussions.
Discs mentioned in this article: (Click for specs and reviews)
The Edge of Love (Blu-ray)
http://bluray.highdefdigest.com/news/show/Image_Entertainment/Disc_Announcements/Image_Announces_Edge_of_Love_for_Blu-ray/2658
mage and Nyx Agree to Merger Agreement Amendment
Nyx Agrees To Fund $1 Million To Image In Lieu of $1.5 Million To Business Interruption Fee
CHATSWORTH, Calif.--(BUSINESS WIRE)--Image Entertainment, Inc. (NASDAQ:DISK), a leading independent licensee, producer and distributor of home entertainment programming in North America, announced today that representatives of Image Entertainment and Nyx Acquisitions, Inc., an affiliate of Q-Black, LLC, agreed in principle to a third amendment to the amended merger agreement. Under the latest amendment, Image will receive a $1 million payment into its operating account on April 7, 2009 from Nyx. The $1 million payment will not form part of the merger consideration, and will be immediately available to Image. Nyx will not receive any capital securities or debt obligation from Image for the $1 million payment.
Under the merger agreement as previously amended, Nyx had the right to extend the merger closing date from April 6, 2009 to April 20, 2009 if Nyx deposited an additional $1.5 million into a trust account to secure payment of the business interruption fee on April 6, 2009. Under the terms of the amended merger agreement, Nyx has agreed to acquire 100% of the outstanding common stock of Image Entertainment for $2.75 per share in cash.
Martin W. Greenwald, Chairman of the board of Image Entertainment, said, “we recognize this as a win-win situation. Right now, Image is in the process of expanding its acquisition, development and sale of high profile programming, which will positively impact future revenues to the company. An injection of $1 million in working capital directly into the company will provide added liquidity, which in turn benefits Nyx.”
“We see the opportunities that Image has at its fingertips right now,” said Joe Q. Bretz, Chief Executive Officer of Nyx Acquisitions. “By paying this money directly to Image instead of holding it in a trust account, we know we are providing Image with added opportunities for growth, as well as demonstrating our continued support and commitment to closing the merger.”
About Image Entertainment:
Image Entertainment, Inc. is a leading independent licensee, producer and distributor of home entertainment programming in North America, with approximately 3,500 exclusive DVD titles and approximately 370 exclusive CD titles in domestic release and approximately 600 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 programs containing more than 4,500 tracks. The Company is headquartered in Chatsworth, California. For more information about Image Entertainment, Inc., please go to www.image-entertainment.com.
Forward-Looking Statements:
This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 relating to, among other things, our goals, plans and projections regarding our financial position, results of operations, market position, product development and business strategy. These statements may be identified by the use of words such as "will," "may," "estimate," "expect," "intend," "plan," "believe," and other terms of similar meaning in connection with any discussion of future operating or financial performance or other events or developments. All forward-looking statements are based on management's current expectations and involve inherent risks and uncertainties, including factors that could delay, divert or change any of them, and could cause actual outcomes and results to differ materially from current expectations.
These factors include, among other things, our inability to raise additional working capital, changes in debt and equity markets, increased competitive pressures, changes in our business plan, and changes in the retail DVD and entertainment industries. For further details and a discussion of these and other risks and uncertainties, see "Forward-Looking Statements" and "Risk Factors" in our most recent Annual Report on Form 10-K, and our most recent Quarterly Report on Form 10-Q. In addition, we may not be able to complete the proposed transaction on the proposed terms or other acceptable terms, or at all, due to a number of factors, including (1) the occurrence of any event, change or other circumstances that could give rise to the termination of the merger agreement; (2) the outcome of any legal proceedings that have been or may be instituted against Image Entertainment and others following announcement of the proposal or the merger agreement; (3) the inability to complete the merger due to the failure to obtain shareholder approval or the failure to satisfy other conditions to the completion of the merger, including the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 and the receipt of other required regulatory approvals; (4) the failure to obtain the necessary financing provided for in commitment letters received prior to execution of the definitive agreement; (5) risks that the proposed transaction disrupts current plans and operations and the potential difficulties in employee retention as a result of the merger; (6) the ability to recognize the benefits of the merger; (7) the amount of the costs, fees, expenses and charges related to the merger and the actual terms of certain financings that will be obtained for the merger; and (8) the impact of the substantial indebtedness incurred to finance the consummation of the merger. Many of the factors that will determine the outcome of the subject matter of this press release are beyond Image Entertainment's ability to control or predict.
Unless otherwise required by law, we undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.
whats the deal here. used to trade this once and a while...
Too many shareholders are scared the merger is going to fall through. With the buyers having difficulty covering the business disruption fee coupled with prior merger attempts failing, people are being pessimistic which is why share prices are so low.
Which is legit...there's a decent chance the merger will fail but that doesn't bother me as even if the merger falls through, Image is a great company to be long in...so there are going to be nice financial rewards...it just might not be in two weeks time! :)
It would seem unlikely. They have two weeks to get the financing...but considering that they paid the business disruption fee weeks late and that was only 1.5 million, this merger is dead.
Why else do you think the stock dropped in half 2 weeks before a buyout at 2.75!
Anyways, I would hold on to your shares...you will make good money on DISK in the longterm. I would highly doubt the merger happens baring some sort of miracle.
i bought into this yesterday....
buy-out going to happen?
LOL I joined the BIG ride by accident. I had put in an order to sell at 1.15 and went to bed. Forgot to make it GTC. Got home from work yesterday and fell out of my chair.
I wish you and the Mrs a Happy VD Day. : )
Glad you could join the ride :)
My hat is off to you. : )
Lookin good here Ace. Thanks for the heads up!!!
Time for another ride on the DISK Gravy Train, WHOOO WHOOO!!!!
http://www.sec.gov/cgi-bin/browse-edgar?company=&CIK=DISK&filenum=&State=&SIC=&owner=include&action=getcompany
Where else do you know that you'll almost double your money in less than 3 months?
I guess market desont beleive it - Market was way down and I had some money free so boiught at 1.40 Friday.
Sure was nice to make up all my losses in one place Friday...
WELL 5 WEEKS OFF AND A QUARTER - i AM GUESSING MOST SHAREHOLDERS WILL BE OK WITH YOU SLIGHT MISS ON YOUR TARGET.
CONGRATS ON A VERYTOUGH DAY
LOL, bout time :)
TARGET -- $3.00 -- OCT. 15 -- IMHO --
I was a little disappointed in it today, but it is typical DISK trading. Volume is still low, if it does dip below 1.10 again I will add more but I honestly believe that if not tomorrow then we will start to see reversal Thursday and working its way into early next week. Those looking to get a 100% pop from here may have to wait a month or so, then again you never know what tomorrows news will bring. For anyone not is already today offered nice entry points.
yep watching close...
I bet DISK will hit the recent high of $2.49 tomorrow or even $2.6
before this Friday! I will buy as many as I can at $2.00 a share.
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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’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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