SILVER SPRING, Md.,
Oct. 31, 2018 /PRNewswire/ -- RLJ Entertainment, Inc.
(NASDAQ: RLJE) announced that it has completed its previously
announced merger with a subsidiary of AMC Networks Inc. (NASDAQ:
AMCX) today, immediately following approval by RLJ Entertainment's
common stockholders at the special meeting held to consider the
transaction. As a result of the transaction, RLJ
Entertainment is a majority-owned subsidiary of AMC Networks
and RLJ Entertainment's common stock will cease trading on the
NASDAQ Capital Market as of the close of market today and will
become eligible for termination of registration under the
Securities Exchange Act of 1934, as amended. Further details about
the transaction will be included in AMC Networks' press release
that is expected to be issued on November 1,
2018.
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.
Media Contact:
Chad
Campbell, 301-830-6203
RLJ Entertainment, Inc.
ccampbell@acorn.tv
Investor Contact:
Jody Burfening/Carolyn Capaccio, 212-838-3777
LHA
ir@rljentertainment.com
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SOURCE RLJ Entertainment, Inc.