RLJ Entertainment, Inc. (NASDAQ: RLJE) today announced that its board of directors appointed a special committee of independent directors to consider the February 26, 2018 proposal from AMC Networks to acquire all outstanding shares of common stock of RLJE not currently owned by AMC Networks or entities affiliated with Robert L. Johnson, Chairman of RLJE's Board of Directors, for a purchase price of $4.25per share in cash.

The Board has granted the special committee independent authority to evaluate and respond to the proposed transaction. The special committee is composed of RLJE directors Andor (Andy) Laszlo and Scott R. Royster and currently is in the process of engaging an independent legal advisor and an independent financial advisor to assist in its review of the proposed transaction.

The special committee has not set a definitive timetable for the completion of its evaluation of the proposal and does not currently intend to announce developments unless and in the event a definitive agreement has been reached.

The Company notes that, in order to complete the proposed transaction, AMC Networks will also need to negotiate acceptable terms for the acquisition of its four outstanding series of preferred stock and its outstanding warrants with the holders of those securities.

There can be no assurance that any definitive agreement will be executed or that the transaction contemplated by the proposal will be approved or consummated.

About RLJ Entertainment, Inc.

RLJ Entertainment, Inc. (NASDAQ: RLJE) is a premium digital channel company serving distinct audiences primarily through its popular OTT branded channels, Acorn TV (British TV) and UMC (Urban Movie Channel), which have rapidly grown through development, acquisition, and distribution of its exclusive rights to a large library of international and British dramas, independent feature films and urban content. RLJE's titles are also distributed in multiple formats including broadcast and pay television, theatrical and non-theatrical, DVD, Blu-ray, and a variety of digital distribution models (including EST, VOD, SVOD and AVOD) in North America, the United Kingdom, and Australia. Additionally, through Acorn Media Enterprises, its UK development arm, RLJE co-produces and develops new programs and owns 64% of Agatha Christie Limited. For more information, please visit RLJEntertainment.com, Acorn.tv, and UMC.tv.