RLJ Entertainment Announces Filing Extension for Annual Report on Form 10-K

  RLJ Entertainment Announces Filing Extension for Annual Report on Form 10-K

Business Wire

BETHESDA, Md. -- April 01, 2013

RLJ Entertainment Inc. (NASDAQ: RLJE) announced today that it has filed a Form
12b-25 with the Securities and Exchange Commission that allows the Company an
extension to file its Annual Report on Form 10-K for the year ended December
31, 2012 for up to an additional 15 calendar days. The Company will also delay
the release of its fourth quarter and full year 2012 earnings release.

The Company has filed the extension due to delays in completing the accounting
treatment of certain non-operating items related to the business combination
among the Company, RLJ Acquisition, Inc., Image Entertainment, Inc., and Acorn
Media Group, Inc., which was consummated in October 2012, necessary for the
preparation of the Company’s financial statements.

The Company expects to file the Form 10-K with the Securities and Exchange
Commission and to distribute its earnings release on or before the expected
deadline.

About RLJ Entertainment

RLJ Entertainment, Inc. (NASDAQ: RLJE) is a premier independent licensee and
distributor of entertainment content and programming in North America, the
United Kingdom and Australia with over 5,200 exclusive titles. RLJE is a
leader in numerous genres via its owned and distributed brands such as Acorn
(British TV), Image (stand-up comedy, feature films), One Village (urban),
Acacia (fitness), Slingshot (faith), Athena (educational), Criterion (art
films) and Madacy (gift sets). These titles are distributed in multiple
formats including DVD, Blu-Ray, digital download, digital streaming, broadcast
television (including satellite and cable), theatrical and non-theatrical.

Via its majority-owned subsidiary Agatha Christie Limited, RLJE 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. And through its direct-to-consumer business, RLJE has direct contacts
and billing relationships with millions of consumers.

RLJE leverages its management experience to acquire, distribute, and monetize
existing and original content for its many distribution channels, including
its nascent branded digital subscription channels, and engages distinct
audiences with programming that appeals directly to their unique viewing
interests. RLJE has proprietary e-commerce web sites for the Acorn and Acacia
brands, and owns the recently launched Acorn TV digital subscription service.

Forward Looking Statements

This press release may include “forward looking statements” within the meaning
of the “safe harbor” provisions of the United Stated Private Securities
Litigation Reform Act of 1995. Forward-looking statements may be identified by
the use of words such as “anticipate”, “believe”, “expect”, “estimate”,
“plan”, “outlook”, and “project” and other similar expressions that predict or
indicate future events or trends or that are not statements of historical
matters. Investors are cautioned that such forward looking statements with
respect to revenues, earnings, EBITDA, performance, strategies, prospects and
other aspects of the business of RLJ Entertainment is based on current
expectations that are subject to risks and uncertainties. A number of factors
could cause actual results or outcomes to differ materially from those
indicated by such forward looking statements. These factors include, but are
not limited to RLJ Entertainment’s ability to file its Form 10-K with the
Securities and Exchange Commission (the “SEC”) on or before the expected
deadline.

Readers are referred to the most recent reports filed with the SEC by RLJ
Entertainment. Readers are cautioned not to place undue reliance upon any
forward-looking statements, which speak only as of the date made, and we
undertake no obligation to update or revise the forward-looking statements,
whether as a result of new information, future events or otherwise.

Contact:

Sloane & Company
Josh Hochberg, 212-446-1892
Jhochberg@sloanepr.com
or
Erica Bartsch, 212-446-1875
ebartsch@sloanepr.com
or
The RLJ Companies
Traci Otey Blunt, 240-744-7858
press@rljcompanies.com