Local Business Alert: RLJ to acquire Silver Spring and California movie companies

Monday, April 2, 2012

   
The Washington Post Monday, April 2, 2012 12:58:28 PM
LOCAL BUSINESS ALERT

RLJ to acquire Silver Spring and California movie companies


A subsidiary of Bethesda-based RLJ Cos. has inked an agreement to roll up video distribution companies Image Entertainment and Acorn Media Group to create RLJ Entertainment, a new public company based in Los Angeles.

RLJ Entertainment, shares of which will trade on the Nasdaq exchange, will offer an extensive library of movies and other content for broadcast and digital streaming.

Acorn Media Group is known for its collection of British dramas. Just last month, the Silver Spring-based company purchased a 64 percent stake in the Agatha Christie literary estate, gaining nearly 40 television movies, 19 plays and more than 80 novels.


Read more at:
http://www.washingtonpost.com/blogs/capital-business/post/rlj-to-acquire-silver-spring-and-california-movie-companies/2012/04/02/gIQAKQB5qS_blog.html



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