Last $3.24 USD
Change Today 0.00 / 0.00%
Volume 5.8K
RLJE On Other Exchanges
Symbol
Exchange
NASDAQ CM
As of 8:10 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

rlj entertainment inc (RLJE) Snapshot

Open
$3.25
Previous Close
$3.24
Day High
$3.25
Day Low
$3.17
52 Week High
09/3/13 - $5.79
52 Week Low
08/29/14 - $3.17
Market Cap
43.0M
Average Volume 10 Days
3.9K
EPS TTM
$-1.65
Shares Outstanding
13.3M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for RLJ ENTERTAINMENT INC (RLJE)

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rlj entertainment inc (RLJE) Details

RLJ Entertainment, Inc., an entertainment company, acquires content rights in British episodic mystery and drama, urban programming, and full-length motion pictures. It operates through three segments: Intellectual Property Licensing, Wholesale, and Direct-to-Consumer. The company secures rights to third-party programs; and develops, produces, and owns original drama television programming, as well as offers fitness programs through its Acacia brand. It has a program library of approximately 5,300 titles in genres, such as scripted television drama and mysteries, independent action thriller and horror feature films, urban/African-American, lifestyle/fitness, faith, and long-form documentaries under the Acorn, Image, One Village, Acacia, Athena, and Madacy brands. The company owns, produces, and exploits intellectual property rights in various formats, including DVD, Blu-ray, digital, cable and satellite broadcast, VOD, streaming video, downloading, and sublicensing. It distributes content through brick and mortar, digital, mobile, broadcast, and cable partners, as well as through proprietary e-commerce Websites, mail-order catalogs, and digitally streaming channels. The company also sells retail merchandise through its proprietary catalogs Acorn and Acacia. RLJ Entertainment, Inc. is based in Silver Spring, Maryland.

139 Employees
Last Reported Date: 03/19/14

rlj entertainment inc (RLJE) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $472.8K
Chief Financial Officer and Principal Account...
Total Annual Compensation: $215.5K
Compensation as of Fiscal Year 2013.

rlj entertainment inc (RLJE) Key Developments

RLJ Entertainment Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

RLJ Entertainment Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. Revenue for the three months ended June 30, 2014 was $32.1 million, a decrease of $2.2 million compared to the three months ended June 30, 2013 revenue of $34.286 million. The decrease in revenue for the second quarter of 2014 was primarily driven by a $3.5 million decline in revenue in the Company's Wholesale segment. This decline is attributed to the terminated feature film output deal, which occurred in the third quarter of 2013 and whose sell-off period ended on March 31, 2014. Net loss for the three months ended June 30, 2014 and 2013, was $2.3 million and $16.9 million, respectively. The improvement in earnings in 2014 is mostly attributable to improved gross margins, which were impacted by increased impairment charges taken in 2013, and management's implementation of a required projected return on investments in content of 20%. Adjusted EBITDA was $3.034 million against $6.274 million a year ago. The improvement in the three-month period ended June 30, 2014 versus 2013 is primarily driven by a decline in the net operating loss as a result of improved operational activity and gross margin, a decline in amortization of content as result of less impairment charges, and the effects of certain aforementioned charges recognized in 2013. Loss from operations was $2.463 million against $15.546 million a year ago. Loss before provision for income taxes was $1.898 million against $16.359 million a year ago. For the six months ended June 30, 2014 revenue decreased $12.2 million compared to the six months ended June 30, 2013. The decrease in revenue was primarily driven by (1) the timing of release of its Foyle's War franchise series between 2013 and 2014 and (2) the impact of the terminated feature film output deal. Net loss for the six months ended June 30, 2014 and 2013, was $12.3 million and $20.5 million, respectively. The improvement in earnings in 2014 is mostly attributable to improved gross margins, which were impacted by increased impairment charges taken in 2013, and management's implementation of a required projected return on investments in content of 20%. Loss from operations was $8.854 million against $16.124 million a year ago. Loss before provision for income taxes was $11.661 million against $19.491 million a year ago. Adjusted EBITDA was $3.688 million against $2.538 million a year ago.

RLJ Entertainment Inc. Announces Executive Changes

RLJ Entertainment Inc. has hired Stuart Shaw as its new Managing Director of RLJE International. Stuart will be overseeing the international licensing and distribution business for RLJ Entertainment. Stuart will join the company on September 1, 2014. Additionally, after nearly 20 years with the company, Lesley Fromant, Managing Director of RLJE Australia is retiring on January 15, 2015. At that time, Stuart will manage RLJE Australia and oversee all RLJE's distribution business outside of North America. Most recently, Stuart was the Director of International Sales & Marketing for Miramax's London office. Stuart is replacing Paul Holland, who has been managing the U.K. office since 2006.

RLJ Entertainment, Inc., Annual General Meeting, Aug 05, 2014

RLJ Entertainment, Inc., Annual General Meeting, Aug 05, 2014., at 11:00 US Eastern Standard Time. Location: Hyatt Regency Bethesda. Agenda: To elect three Class I directors nominated by the Board of Directors, each for a three-year term; to vote on an advisory basis upon the compensation of the named executive officers as disclosed in the accompanying proxy statement; to ratify the appointment of KPMG LLP as the company's independent registered public accounting firm for the fiscal year ending December 31, 2014; and to discuss and resolve any other matters that properly come before the meeting.

 

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Price/Book 0.9x
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TEV/Sales NM Not Meaningful
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