RLJ Entertainment, Inc. (NASDAQ: RLJE) today announced that the Company's special committee of independent directors has retained Allen & Company LLC as its financial advisor and Greenberg Traurig, LLP as its legal counsel to assist the special committee in connection with its consideration, review, evaluation and negotiation of the previously announced 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.
There can be no assurance that any definitive agreement will be reached or entered into regarding the proposal from AMC Networks or that any transaction involving the Company will be approved by the special committee or consummated. There is no definitive timetable for the completion of the special committee's evaluation of the AMC Networks' proposal or any transaction involving the Company and the Company does not currently intend to announce any developments with respect thereto unless a definitive agreement for a transaction has been entered into or the special committee otherwise has formally completed its review process.
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.
