Image Entertainment Achieves Major DVD Milestone

3-Apr-02

Image Entertainment, Inc. (NASDAQ: DISK), a leading licensee and distributor of DVD programming in North America, announced that, in the month of March, it had shipped its 10 millionth exclusive DVD into the marketplace. Since the format's inception in 1997, the company has released 1,791 exclusive titles on DVD, with a major emphasis on music. Image has gone from being a leading supplier of LaserDisc programming, with revenues of $100 million, to become the leading supplier of music DVD programming in the world, with a 26 percent market share. Holding the number one position for bestselling music DVD program of all time with ""Eagles: Hell Freezes Over,"" the company has also released music programming from such acclaimed artists as Steely Dan, Christina Aguilera, Sheryl Crow, The Who, Billy Idol, The Bee Gees, Lorrie Morgan, Brian Wilson, Godsmack, Electric Light Orchestra, Paul McCartney, Sugar Ray, Brian McKnight, Collective Soul, and others. Additionally, the company has released programming from the world of Broadway with the current bestseller, ""Fosse""; silent film masterpieces such as ""Intolerance"" and ""The Phantom Of The Opera;"" foreign motion pictures including ""The Sorrow And The Pity"" and ""The Bicycle Thief;"" collectible television series such as ""Twilight Zone"" and ""I Spy;"" classical music and opera; and cult horror programming. With the exception of manufacturing discs and printing, all of Image's DVD work is done within the corporate offices. The company maintains a complete production post house and creative services department at its Chatsworth, California headquarters. Distribution is handled from its wholly-owned 76,000-square-foot facility in Las Vegas, Nevada. Commenting on the benchmark, Martin W. Greenwald, Image's President and CEO stated, ""I am extremely proud of this accomplishment. We have worked very hard to reinvent ourselves as a DVD provider. Through the efforts of inside and outside acquisition personnel, we have and will continue to aggressively expand our licensing efforts. ""With our international home video distribution arm firmly in place, and our ability to acquire and exploit all rights, including broadcast and audio, we are positioned to release approximately 500 titles this year. Our business is in overdrive and I am confident that the sale of our 20 millionth exclusive DVD will take place much faster than did our 10 millionth,"" concluded Greenwald. For more information about Image Entertainment, visit www.image-entertainment.com.

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