IMAGE ENTERTAINMENT INC

IMAGE ENTERTAINMENT INC

Previous company name
KEY INTERNATIONAL FILM DISTRIBUTORS INC
Name change date
7/19/1983
Company Overview
Image Entertainment, Inc., previously known as Key International Film Distributors Inc., is a public company engaged in the acquisition, production and wholesale distribution of content for release on a range of formats and flatforms, including digital versatile discs (DVDs), principally in the United States and other foreign countries. The company was founded in 1981. The company’s registered head office is located in Chatsworth, California. The company is traded on the NASDAQ Stock Exchange under the Ticker symbol DISK.
Image Entertainment is a leading integrated independent home entertainment company that acquires, licenses, finances, and produces exclusive content on a range of formats and platforms for worldwide distribution through its direct relationships with major North American retailers and foreign sublicenses such as Sony/BMG and Warner Music. The company acquires and distributes of content for release on digital versatile disc (DVD). It also acquired rights to audio content for distribution on compact disc (CD) spread across a range of genres and configurations, including albums and broadway original cast recordings. It has more 2500 exclusive DVD titles and approximately 200 exclusive audio titles in release and houses a complete full service graphic arts department that creates all of the packaging for the company’s products.
Image Entertainment is an independent supplier of DVD content in the music, special interest, theatrical catalog, foreign language, and television programming. The company has two business segments: Domestic (United States and Canada) and International. The company’s Domestic unit consists of acquisition, production and distribution of DVD content and, through Egami, content for digital distribution via video on demand, streaming video and download.
Image Entertainment sells its products to customers, which include traditional retailers, specialty retailers and Internet retailers. The company also holds worldwide distribution rights to more than 450 of its DVD titles and 130 of its CD titles. It has a sublicense agreement for the distribution of its DVD content, primarily music-related DVD’s, with Sony BMG for Europe, Africa and most of the Middle East, with Digital Site, an affiliate of Ray Corporation, for Japan, and with Warner Music Group for Australia and New Zealand. The company is also active in South America through Top Tape, in South Korea through Spectrum DVD, and in Southeast Asia through Panorama Entertainment. The buyers of its standard and high-definition broadcast content are typically cable, pay-per-view and satellite broadcasters, as well as terrestrial (free) television or in-flight/on-ship broadcasters.
Image Entertainment has strategic partnerships with major retailers, including: Amazon, Barnes & Noble, Best Buy, Blockbuster, Borders, Circuit City, Hollywood Video, Movie Gallery, Musicland Group, Netflix, Target, Tower Records and Video, Transworld Music, Virgin Megastore and Wal-Mart. The company competes with Sony Pictures, Disney, Fox, Paramount, Universal, Warner, Lions Gate, The Weinstein Company, New Line, Sony BMG, EMI and Warner Music Group.
Business Summary
Image Entertainment, Inc. (Image) is a licensee and distributor of entertainment programming in North America. The Company releases its library of content on a variety of formats and platforms, including digital versatile disc (DVD), blu-ray disc (Blu-ray), digital (video-on-demand, electronic sell-through and streaming), broadcast television, cable, satellite, theatrical and non-theatrical exploitation. The Company focuses on an array of general and specialty content, including feature films, comedy, music concerts, urban, theatre, documentaries, theatrical catalogue films, independent films, foreign films, youth culture/lifestyle, television and gospel. Image also acquires rights to audio content for distribution through digital platforms and on compact disc (CD) spread across a variety of genres and configurations.
Description and history
Image Entertainment, Inc. (Image), incorporated in April 1975, is a licensee and distributor of entertainment programming in North America. The Company releases its library of content on a variety of formats and platforms, including digital versatile disc (DVD), blu-ray disc (Blu-ray), digital (video-on-demand, electronic sell-through and streaming), broadcast television, cable, satellite, theatrical and non-theatrical exploitation. The Company focuses on an array of general and specialty content, including feature films, comedy, music concerts, urban, theatre, documentaries, theatrical catalogue films, independent films, foreign films, youth culture/lifestyle, television and gospel. Image also acquires rights to audio content for distribution through digital platforms and on compact disc (CD) spread across a variety of genres and configurations.

The Company operates in three segments: Domestic (United States and Canada), Digital and International. The Company’s domestic segment primarily consists of the acquisition, content enhancement and distribution of DVD/Blu-ray content in North America, and the exploitation of its North American broadcast, including cable and satellite, rights. The digital segment consists of revenues generated by the digital distribution of the Company’s content via video-on-demand, streaming video and downloading. The international segment includes the international video sublicensing of all formats and exploitation of broadcast rights outside of North America.

Domestic (United States and Canada)

The Company is a supplier of DVD content in the music, comedy, special interest, episodic television and urban genres. Many of the Company’s DVD titles include special features, enhancements and ancillary materials, such as multiple audio tracks, behind-the-scenes footage, director commentaries, interviews and discographies, some of which it creates through its managed value-added services. Image acquires distribution rights to its content across multiple entertainment formats. The Company acquires its titles from a range of content holders, including independent content suppliers; producers; music artists; record labels; artist management and talent agencies, and foreign sales companies.

Image provides a range of value-added services relative to its licensed content and many of the distributed titles, including packaging design, DVD/Blu-ray authoring and compression; menu design; video master quality control; manufacturing; marketing; sales; music clearance; warehousing; distribution, and for some titles, the addition of enhancements, such as multiple audio tracks, commentaries, foreign language tracks, behind-the-scenes footage, interviews and discographies. The Company sells its products to traditional retailers, specialty retailers, rental customers, Internet retailers, wholesale distributors and alternative distribution. The Company’s customers include Amazon.com, Inc., Best Buy Co., Inc. and Wal-Mart.

Digital

The Company is engaged in the wholesale distribution of the digital rights to its library of audio and video content. The Company’s digital video library contains over 2,100 individual video programs. The Company is actively participating in many digital business models, including sell-through, rental, subscription and advertising-supported streaming.

International

The Company holds international distribution rights to more than 450 of its titles exploited on DVD and approximately 90 of its CD titles to countries outside of North America. Outside North America, the Company sublicense distribution in the areas of home entertainment, television and digital, primarily music and urban-related DVDs, through distribution partners, such as Universal Music Group International, Digital Site and Warner Music Australia, who pay Company a royalty for their distribution of Company’s products.

Previously known as Key International Film Distributors Inc

Business Line
Engaged in the acquisition, production and wholesale distribution of content for release on a range of formats and flatforms, including digital versatile discs (DVDs), principally in the United States and other foreign countries
Subsidiary
EGAMI MEDIA INC
Advisor
BDO SEIDMAN
IPO date
2/19/1991
US SIC Code
7822
Company Address
Suite 200
20525, Nordhoff Street
City province or state postal code
91311, CHATSWORTH, CA
Phone: +1 818 407 9100
Fax: +1 818 407 9151
Country address: UNITED STATES OF AMERICA
Website url: www.image-entertainment.com