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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>WASHINGTON D.C. 20549</B></P>

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<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM 8-K</B>&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>CURRENT REPORT<BR>
PURSUANT TO SECTION 13 OR 15(d) OF THE<BR>
SECURITIES EXCHANGE ACT OF 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Date of Report (Date of earliest event
reported): October 23, 2012</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>RLJ ENTERTAINMENT, INC.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Exact name of registrant as specified in
its charter)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Nevada<BR>
</B>(State or other jurisdiction of incorporation)</P>

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    <TD STYLE="width: 47%">&nbsp;</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: center"><B>001-35675<BR>
</B>(Commission File Number) </TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><B>45-4950432<BR>
</B>(IRS Employer Identification Number)</TD></TR>
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<P STYLE="color: #365F91; font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="color: windowtext">RLJ
Entertainment, Inc.<BR>
3 Bethesda Metro Center, Suite 1000<BR>
Bethesda, Maryland 20814<BR>
<FONT STYLE="font-weight: normal">(Address of principal executive offices)</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Registrant&rsquo;s telephone number, including
area code: <B>(301) 280-7737</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>N/A</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Former Name or Former Address, if Changed
Since Last Report)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</P>

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    <TD>Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425)</TD></TR>
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    <TD>&nbsp;</TD></TR>
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    <TD STYLE="vertical-align: top; font-family: Wingdings">o</TD>
    <TD>&nbsp;</TD>
    <TD>Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12)</TD></TR>
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    <TD>Pre-commencement communications pursuant to Rule&nbsp;14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</TD></TR>
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    <TD>Pre-commencement communications pursuant to Rule&nbsp;13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</TD></TR>
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<TD STYLE="width: 0in"></TD><TD STYLE="width: 1in; text-align: left"><B>Item 5.02.</B></TD><TD STYLE="text-align: justify"><B>Departure of Directors or Certain Officers; Election
of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.</B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><U>Appointment of Director</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">On October 23, 2012, the Board of Directors (the &ldquo;Board&rdquo;)
of RLJ Entertainment, Inc. (the &ldquo;Company&rdquo;) elected Andor (Andy) Michael Laszlo as a director of the Company. The Board
determined that Mr. Laszlo is an &ldquo;independent director&rdquo; as defined in Rule 5605(a)(2) of the NASDAQ Listing Rules.
The Board has also appointed Mr. Laszlo to serve as a member and chairman of the Audit Committee of the Board, replacing Tyrone
Brown, who resigned from the Audit Committee in connection with Mr. Laszlo&rsquo;s appointment. Biographical information for Mr.
Laszlo is set forth below.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Mr. Laszlo, 45, has served as a member of the Board since October
23, 2012. Mr. Laszlo has served as a Managing Director at Lazard Capital Markets LLC (&ldquo;LCM&rdquo;) since June 2010, where
he serves as Head of Corporate Underwriting and Head of Business Development. Prior to joining LCM, Mr. Laszlo served as a Senior
Advisor to Sports Properties Acquisition Corp., a special purpose acquisition company focused on the sports, leisure and entertainment
sectors, from November 2007 to April 2010. Between 1997 and 2007, Mr. Laszlo held various senior equity capital markets positions
at both Lehman Brothers and Bank of America Securities. Mr. Laszlo was the Head of Media &amp; Telecom equity capital markets for
Bank of America Securities based in New York, NY. Prior to that, Mr. Laszlo was Head of Equity Syndicate and Head of Media &amp;
Telecom Equity Capital Markets at Lehman Brothers International (Europe), during which time he was based in London, England. Mr.
Laszlo has been involved in transactions totaling more than $20 billion of equity issuance over the course of his career. Mr. Laszlo
also serves on the Advisory Board of Falconhead Capital Management, a private equity firm based in New York City and the board
of directors of Radar Detection Holdings Corp. (Escort Radar), a leading designer, manufacturer and distributor of highway radar
and laser detectors. Mr. Laszlo began his career as an attorney with Philadelphia, Pennsylvania-based Rawle &amp; Henderson, the
nation's oldest law firm. The Company believes that Mr. Laszlo&rsquo;s professional background, including his extensive financial
advisory and financing experience, make him well qualified to serve as a member of the Board.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In connection with the consummation of the business combination
among the Company, RLJ Acquisition, Inc. (&ldquo;RLJA&rdquo;), Image Entertainment, Inc. and Acorn Media Group, Inc. on October
3, 2012, LCM received approximately $3.6 million in deferred underwriting discounts and commissions relating to the initial pubic
offering of RLJA.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">On October 23, 2012, in connection with the election of Mr.
Laszlo to the Board, the Company entered into an Indemnity Agreement with Mr. Laszlo, a form of which was previously filed as Exhibit
10.4 to the Company&rsquo;s Current Report on Form 8-K filed with the Securities and Exchange Commission on October 10, 2012, and
incorporated herein by reference.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><U>Non-Executive Director Compensation Arrangements</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">On October 23, 2012, the Board approved compensation arrangements
for its non-executive members. Under these arrangements, beginning November 1, 2012, each director will be paid an annual retainer
fee of $100,000, consisting of $50,000 in cash and $50,000 in shares of restricted stock of the Company, all of which restricted
shares will vest one year from the date of the grant.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Pursuant to the requirements of
the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.</P>

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<TR>
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    <TD STYLE="width: 15%">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="3"><B>RLJ ENTERTAINMENT, INC.<BR>
</B>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD>Date: October 29, 2012&nbsp;</TD>
    <TD STYLE="vertical-align: top">By:&nbsp;&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1pt solid">/s/ John P. Avagliano</TD>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top">Name:&nbsp;&nbsp;</TD>
    <TD>John P. Avagliano</TD>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top">Title:&nbsp;&nbsp;</TD>
    <TD>Chief Financial Officer</TD>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="5">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>



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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event
reported): October 23, 2012
RLJ ENTERTAINMENT, INC.
(Exact name of registrant as specified in
its charter)
Nevada
(State or other jurisdiction of incorporation)
001-35675
(Commission File Number)
45-4950432
(IRS Employer Identification Number)
RLJ
Entertainment, Inc.
3 Bethesda Metro Center, Suite 1000
Bethesda, Maryland 20814
(Address of principal executive offices)
Registrant's telephone number, including
area code:
(301) 280-7737
N/A
(Former Name or Former Address, if Changed
Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 5.02.
Departure of Directors or Certain Officers; Election
of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Appointment of Director
On October 23, 2012, the Board of Directors (the "Board")
of RLJ Entertainment, Inc. (the "Company") elected Andor (Andy) Michael Laszlo as a director of the Company. The Board
determined that Mr. Laszlo is an "independent director" as defined in Rule 5605(a)(2) of the NASDAQ Listing Rules.
The Board has also appointed Mr. Laszlo to serve as a member and chairman of the Audit Committee of the Board, replacing Tyrone
Brown, who resigned from the Audit Committee in connection with Mr. Laszlo's appointment. Biographical information for Mr.
Laszlo is set forth below.
Mr. Laszlo, 45, has served as a member of the Board since October
23, 2012. Mr. Laszlo has served as a Managing Director at Lazard Capital Markets LLC ("LCM") since June 2010, where
he serves as Head of Corporate Underwriting and Head of Business Development. Prior to joining LCM, Mr. Laszlo served as a Senior
Advisor to Sports Properties Acquisition Corp., a special purpose acquisition company focused on the sports, leisure and entertainment
sectors, from November 2007 to April 2010. Between 1997 and 2007, Mr. Laszlo held various senior equity capital markets positions
at both Lehman Brothers and Bank of America Securities. Mr. Laszlo was the Head of Media & Telecom equity capital markets for
Bank of America Securities based in New York, NY. Prior to that, Mr. Laszlo was Head of Equity Syndicate and Head of Media &
Telecom Equity Capital Markets at Lehman Brothers International (Europe), during which time he was based in London, England. Mr.
Laszlo has been involved in transactions totaling more than $20 billion of equity issuance over the course of his career. Mr. Laszlo
also serves on the Advisory Board of Falconhead Capital Management, a private equity firm based in New York City and the board
of directors of Radar Detection Holdings Corp. (Escort Radar), a leading designer, manufacturer and distributor of highway radar
and laser detectors. Mr. Laszlo began his career as an attorney with Philadelphia, Pennsylvania-based Rawle & Henderson, the
nation's oldest law firm. The Company believes that Mr. Laszlo's professional background, including his extensive financial
advisory and financing experience, make him well qualified to serve as a member of the Board.
In connection with the consummation of the business combination
among the Company, RLJ Acquisition, Inc. ("RLJA"), Image Entertainment, Inc. and Acorn Media Group, Inc. on October
3, 2012, LCM received approximately $3.6 million in deferred underwriting discounts and commissions relating to the initial pubic
offering of RLJA.
On October 23, 2012, in connection with the election of Mr.
Laszlo to the Board, the Company entered into an Indemnity Agreement with Mr. Laszlo, a form of which was previously filed as Exhibit
10.4 to the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission on October 10, 2012, and
incorporated herein by reference.
Non-Executive Director Compensation Arrangements
On October 23, 2012, the Board approved compensation arrangements
for its non-executive members. Under these arrangements, beginning November 1, 2012, each director will be paid an annual retainer
fee of $100,000, consisting of $50,000 in cash and $50,000 in shares of restricted stock of the Company, all of which restricted
shares will vest one year from the date of the grant.
SIGNATURE
Pursuant to the requirements of
the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
RLJ ENTERTAINMENT, INC.
Date: October 29, 2012
By:
/s/ John P. Avagliano
Name:
John P. Avagliano
Title:
Chief Financial Officer