RLJ Acquires Image Entertainment and Acorn Media Group
Robert L. Johnson chairman of The RLJ Companies and founder of Black Entertainment Television has announced today that RLJ Acquisition has entered into agreements to acquire Image Entertainment and Acorn Media Group to create one of the largest independent distributors of digital and video content globally. The new combined company will be named RLJ Entertainment. Shares of the new company are expected to trade on the NASDAQ Stock Market.