RLJ Entertainment Inc. (NASDAQ: RLJE) announced today that its Board of Directors approved a 1-for-3 reverse stock split of its common stock. The reverse split will become effective prior to the start of trading on June 24, 2016, and the common shares will begin trading on the split adjusted basis on June 24, 2016 on the NASDAQ Capital Market.

The Company's stockholders, at a special meeting of stockholders held on December 4, 2015, approved a reversed stock split, as determined by the Board of Directors in its discretion, at a ratio of not less than 1-for-2 and not more than 1-for-6. The reverse stock split is being implemented to maintain the Company's listing on the NASDAQ Capital Market. There can be no assurance that the reverse stock split will have the desired effect of raising the closing bid price of the common stock to meet the minimum bid requirement.

The reverse stock split will reduce the number of shares of the Company's outstanding common stock from approximately 14.1 million to approximately 4.7 million. Proportional adjustments will be made to the Company's outstanding preferred shares, warrants, and equity incentive plan. The number of authorized shares of the Company's common stock will remain unchanged.

Stockholders who have existing stock certificates will receive written instructions by mail from the Company's transfer agent, Computershare. Stockholders who hold their shares in brokerage accounts or "street name" are not required to take any action to effect the exchange of their shares. Such stockholders will be contacted by their brokers with instructions. To the extent the reverse stock split would result in a stockholder owing a fractional share, such stockholder will have the number of post-reverse split shares to which they are entitled rounded up to the next whole number of shares. No stockholders will receive cash in lieu of fractional shares.

Additional information regarding the Company's reverse stock split is available in the definitive proxy statement filed by the Company with the U.S. Securities and Exchange Commission on October 27, 2015.

RLJ Entertainment, Inc. (NASDAQ: RLJE) is an entertainment content distribution company in primarily North America, the United Kingdom, and Australia. RLJE'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), RLJE 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. Through its proprietary e-commerce web sites for the Acorn brand inNorth America and the UK, the Company also has direct contacts and billing relationships with millions of consumers.

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