RLJ Entertainment Reports Financial Results For The Fiscal Year Ended December 31, 2016

Conference Call Information.  RLJE will hold a conference call on Thursday, March 23, 2017, at 11:30 a.m. ET to discuss its results for the year ended December 31, 2016.  To participate in the live conference call, interested parties may dial +1.844.348.1685 (+1.213.358.0890 outside the U.S. and Canada) and provide conference ID number 85261255, or via webcast at RLJEntertainment.com.  The webcast will be archived in the investors section of RLJE's website.

RLJ Entertainment, Inc. (NASDAQ: RLJE) is an entertainment content distribution company in primarily North America, the United Kingdom, and Australia. RLJ Entertainment'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), RLJ Entertainment 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.

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

Forward Looking Statements

This press release may include "forward looking statements" within the meaning of the "safe harbor" provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Other than statements of historical fact, all statements made in this press release are forward-looking, including, but not limited to, statements regarding goals, industry prospects, future results of operations or financial position, and statements of our intent, belief and current expectations about our strategic direction, prospective and future results and condition.  In some cases, forward-looking statements may be identified by words such as "will," "should," "could," "may," "might," "expect," "plan," "possible," "potential," "predict," "anticipate," "believe," "estimate," "continue," "future," "intend," "project" or similar words. 

Forward-looking statements involve risks and uncertainties that are inherently difficult to predict, which could cause actual outcomes and results to differ materially from our expectations, forecasts and assumptions.  Factors that might cause such differences include, but are not limited to:

• Our financial performance, including our ability to achieve improved results from operations and improved earnings before income tax, depreciation and amortization, non-cash royalty expense, interest expense, non-cash exchange gains and losses on intercompany accounts, goodwill impairments, severance costs, change in fair value of stock warrants and other derivatives, stock-based compensation, basis-difference amortization in equity earnings of affiliate and dividends received from affiliate in excess of equity earnings of affiliate (or Adjusted EBITDA);
• Our expectation that revenues and financial performance of our digital channels will continue to grow and have a positive effect on our liquidity, cash flows and operating results;
• The effects of limited cash liquidity on operational performance;
• Our obligations under the credit agreement;
• Our ability to satisfy financial ratios;
• Our ability to generate sufficient cash flows from operating activities;
• Our ability to fund planned capital expenditures and development efforts;
• Our inability to gauge and predict the commercial success of our programming;
• Our ability to maintain relationships with customers, employees and suppliers, including our ability to enter into revised payment plans, when necessary, with our vendors that are acceptable to all parties;
• Our ability to realize anticipated synergies and other efficiencies in connection with the AMC transaction;
• Delays in the release of new titles or other content;
• The effects of disruptions in our supply chain;
• The loss of key personnel;
• Our public securities' limited liquidity and trading; or
• Our ability to meet the NASDAQ Capital Market continuing listing standards and maintain our listing.

You should carefully consider and evaluate all of the information in this press release, including the risk factors listed above and in our Form 10-K filed with the Securities Exchange Commission (or SEC), including "Item 1A.  Risk Factors."  If any of these risks occur, our business, results of operations, and financial condition could be harmed, the price of our common stock could decline and you may lose all or part of your investment, and future events and circumstances could differ significantly from those anticipated in the forward-looking statements contained in this press release.  Unless otherwise required by law, we undertake no obligation to release publicly any updates or revisions to any such forward-looking statements that may reflect events or circumstances occurring after the date of this press release.

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:
Traci Otey Blunt, 301-830-6204
RLJ Entertainment, Inc.
tblunt@rljentertainment.com

RLJ ENTERTAINMENT, INC.
Consolidated Balance Sheets
(Unaudited)
As of December 31, 2016 and 2015
		December 31,
(In thousands, except share data)		2016				2015
ASSETS
Cash		$	7,834			$	4,530
Accounts receivable, net			19,569				23,886
Inventories, net			6,215				8,325
Investments in content, net			60,737				60,407
Prepaid expenses and other assets			798				833
Property, equipment and improvements, net			1,336				1,815
Equity investment in affiliate			16,491				20,098
Other intangible assets, net			9,309				9,233
Goodwill			13,691				14,631
Assets of discontinued operations			—				6,870
Total assets		$	135,980			$	150,628
LIABILITIES AND SHAREHOLDERS' EQUITY (DEFICIT)
Accounts payable and accrued liabilities		$	11,995			$	16,370
Accrued royalties and distribution fees			55,614				51,552
Deferred revenue			2,152				1,203
Debt, net of discounts and debt issuance costs			42,053				61,250
Deferred tax liability			1,715				1,839
Stock warrant and other derivative liabilities			9,763				10,678
Liabilities of discontinued operations			—				7,560
Total liabilities			123,292				150,452
Commitments and contingencies (see Note 21)
Redeemable convertible preferred stock			—				21,346
Shareholders' Equity (Deficit):
Redeemable convertible preferred stock, $0.001 par value, 1,000,000 shares    authorized; 31,046 shares issued and 30,198 shares outstanding at December 31,    2016 and 31,046 shares issued and outstanding at December 31, 2015; liquidation    preference of $34,366 at December 31, 2016 and $32,617 at December 31, 2015 Werbung Mehr Nachrichten zur RLJ Entertainment Aktie kostenlos abonnieren E-Mail-Adresse Bitte überprüfe deine die E-Mail-Adresse. Benachrichtigungen von ARIVA.DE (Mit der Bestellung akzeptierst du die Datenschutzhinweise) -1 Vielen Dank, dass du dich für unseren Newsletter angemeldet hast. Du erhältst in Kürze eine E-Mail mit einem Aktivierungslink. Hinweis: ARIVA.DE veröffentlicht in dieser Rubrik Analysen, Kolumnen und Nachrichten aus verschiedenen Quellen. Die ARIVA.DE AG ist nicht verantwortlich für Inhalte, die erkennbar von Dritten in den „News“-Bereich dieser Webseite eingestellt worden sind, und macht sich diese nicht zu Eigen. Diese Inhalte sind insbesondere durch eine entsprechende „von“-Kennzeichnung unterhalb der Artikelüberschrift und/oder durch den Link „Um den vollständigen Artikel zu lesen, klicken Sie bitte hier.“ erkennbar; verantwortlich für diese Inhalte ist allein der genannte Dritte. Andere Nutzer interessierten sich auch für folgende News 03:00 - PR Newswire AECI Limited - Acceptance of awards of performance shares: Long-term Incentive Plan (LTIP) 02:00 - PR Newswire BlackRock Income and Growth Investment Trust Plc - Total Voting Rights 02:00 - PR Newswire Kasei Digital Assets Plc - Half-Year Results Sehen Sie sich dieses Unternehmen an:    Foto: andreas160578 - Pixabay Rasanter Aufstieg, Branchenrevolution und Jahresumsatz von 50 Mio. $ weiterlesen» Anzeige wo-site-teaser-box-16764_site-teaser-box_2024-04-26_09%253A00%253A00_2024-04-27_09%253A00%253A59