RLJ Entertainment Reports Financial Results For The Quarter Ended September 30, 2016 And Discusses The Recently Announced Strategic Transaction With AMC Networks

Miguel Penella, Chief Executive Officer of RLJ Entertainment,added, "We remain focused on developing RLJ Entertainment into a premium digital network company serving distinct audiences. With the announcement of our recent strategic relationship and refinancing of our senior debt with AMC Networks, we expect to further enhance our brand and accelerate the acquisition of content to advance our position in the OTT space."

Conference Call Information.  RLJE will hold a conference call on Monday, November 14, 2016, at 11:30 a.m. ET to discuss its results for the quarter ended September 30, 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 15185983, 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 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 Adjusted EBITDA;
• The effects of limited cash liquidity on operational performance;
• Our obligations under the credit agreement, including our principal repayment obligations;
• Synergies that may result from the relationship with AMC and whether they will be transformational;
• Our ability to generate sufficient cash flows from operating activities;
• Our ability to raise additional capital to reduce debt, improve liquidity and fund capital requirements;
• 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;
• Delays in the release of new titles or other content;
• The effects of disruptions in our supply chain;
• The loss of key personnel; or
• Our public securities' limited liquidity and trading.

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.
ir@rljentertainment.com 

RLJ ENTERTAINMENT, INC.
CONSOLIDATED BALANCE SHEETS
(Unaudited)
As of September 30, 2016 and December 31, 2015
		September 30,				December 31,
(In thousands, except share data)		2016				2015
ASSETS
Cash		$	1,474			$	4,530
Accounts receivable, net			11,263				23,886
Inventories, net			6,546				8,325
Investments in content, net			66,573				60,407
Prepaid expenses and other assets			1,127				833
Property, equipment and improvements, net			1,546				1,815
Equity investment in affiliate			18,148				20,098
Other intangible assets, net			9,602				9,233
Goodwill			14,631				14,631
Assets of discontinued operations			299				6,870
Total assets		$	131,209			$	150,628
LIABILITIES AND SHAREHOLDERS' DEFICIT
Accounts payable and accrued liabilities		$	13,736			$	16,370
Accrued royalties and distribution fees			56,480				51,552
Deferred revenue			1,864				1,203
Debt, net of discounts and debt issuance costs			60,662				61,250
Deferred tax liability			1,839				1,839
Stock warrant and other derivative liabilities			13,788				10,678
Liabilities of discontinued operations			1,423				7,560
Total liabilities			149,792				150,452
Redeemable convertible preferred stock, $0.001 par value, 1,000,000 shares    authorized; 31,046 shares issued and 30,198 outstanding at September 30, 2016 and    31,046 shares issued and outstanding December 31, 2015; liquidation preference    of $33,684 at September 30, 2016 and $32,617 at December 31, 2015			24,173 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 12:22 - PR Newswire Fidelity Japan Trust Plc - Transaction in Own Shares 11:52 - PR Newswire Invesco Bond Income Plus Ltd - Issue of Equity 09:58 - PR Newswire Wood Group (John) Plc - Director/PDMR Shareholding Der KI-Boom ist vorbei!    Aber dieser heiße Sektor verspricht, weiter zu wachsen... weiterlesen» Anzeige wo-site-teaser-box-16737_site-teaser-box_2024-04-23_09%253A00%253A00_2024-04-24_09%253A00%253A59