--(www.USEquityNews.com)-- 11/17/2008 - Entertainment industry alert provided by U.S. Equity News. Image Entertainment, Inc. (NASDAQ: DISK), a leading independent licensee, producer and distributor of home entertainment programming in North America, today reported financial results for its second quarter of fiscal 2009, ended September 30, 2008. "We continue to successfully execute our strategic growth plan of acquiring feature films for distribution across multiple platforms as evidenced by the 50% revenue increase for our second quarter over the same period last year and 53% revenue increase for the first six months of this fiscal year. We are certainly encouraged by our recent results and the fact that we see new and exciting content opportunities still coming our way," stated David Borshell, President of Image Entertainment. "Clearly, this year's financial performance is a dramatic improvement over last year, which was one of our main goals. While we remain cautiously optimistic that this positive trend will continue we also remain focused on our goal of achieving consistent profitability."
Archer Entertainment Media Communications, Incorporated (OTC: AEMC) www.archeremc.com (ISIN US039490107) announced recently it is planning to launch AEMC Hollywood Radio, its new ad-driven Internet radio station aimed at the young audience World wide. In Beta testing at present, AEMC Hollywood Radio will go live around mid-December 2008 in a 24-hour, seven-day weekly mode with programming for ages 9 to 25. John Gelwicks, Archer's President, Digital Entertainment unit, and rap star and DJ, Kenny Kingpin, will supervise the station's catalog, including Hip Hop, "Bubble Gum," Rock n' Roll, and non-offensive, non-gangster Rap. Archer's station will feature regular and celebrity guest DJs from America, Europe and Asia.
New Frontier Media, Inc. (Nasdaq: NOOF), a leading producer and distributor of branded television networks and on-demand programming, signed after the market closed on November 13, 2008 an agreement to repurchase in a privately negotiated transaction all of the 2.6 million shares of common stock owned by one of its largest shareholders at a price of $1.55 per share. Since 2006, the company has repurchased approximately 4.6 million shares of its common stock and now has approximately 20 million shares outstanding. Between 2006 and 2008, the company also returned approximately $26 million to shareholders in the form of special and quarterly cash dividends.
Rentrak Theatrical, a business unit of Rentrak Corporation (Nasdaq: RENT), today announced the weekend theatrical box office estimates for the weekend period of November 14 through November 16, 2008 according to the company's Box Office Essentials(TM) theatrical box office data collection and analytical service.
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