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

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM 8-K</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">&nbsp;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>TO SECTION 13 OR 15(D) OF THE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES EXCHANGE ACT OF 1934</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">&nbsp;</P>

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="4" STYLE="font-weight: bold; text-align: center">RLJ Acquisition, Inc.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="4" STYLE="text-align: center">(Exact Name of Registrant as Specified in Its Charter)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 25%">&nbsp;</TD>
    <TD STYLE="width: 25%">&nbsp;</TD>
    <TD STYLE="width: 25%">&nbsp;</TD>
    <TD STYLE="width: 25%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="4" STYLE="font-weight: bold; text-align: center">Nevada</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="4" STYLE="text-align: center">(State or Other Jurisdiction of Incorporation)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="4">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center">000-54276</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center">27-3970903</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="text-align: center">(Commission File Number)</TD>
    <TD COLSPAN="2" STYLE="text-align: center">(IRS Employer Identification No.)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="4">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>3 Bethesda Metro Center, Suite 1000</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Bethesda, MD</B></P></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center">20814</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="text-align: center">(Address of Principal Executive Offices)</TD>
    <TD COLSPAN="2" STYLE="text-align: center">(Zip Code)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="4">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="4" STYLE="font-weight: bold; text-align: center">(301) 280-7737</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="4" STYLE="text-align: center">(Registrant&rsquo;s Telephone Number, Including Area Code)</TD></TR>
</TABLE>
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<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">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>

<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"><FONT STYLE="font-family: Wingdings 2">S</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings 2">&pound;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings 2">&pound;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(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"><FONT STYLE="font-family: Wingdings 2">&pound;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</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"></P>

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<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; text-align: justify"><B>Item 1.01.&#9;Entry into a Material
Definitive Agreement.</B></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; text-indent: 0.5in">On April 10, 2012, RLJ Acquisition, Inc.
(&ldquo;<U>RLJ</U>&rdquo;), RLJ Entertainment, Inc. (&ldquo;<U>RLJ Entertainment</U>&rdquo;), Image Entertainment, Inc. (&ldquo;<U>Image</U>&rdquo;),
Acorn Media Group, Inc. (&ldquo;<U>Acorn</U>&rdquo;), and Peter Edwards, in his capacity as the Shareholder Representative (the
&ldquo;<U>Shareholder Representative</U>&rdquo;) entered into a Joinder Agreement (the &ldquo;<U>Joinder Agreement</U>&rdquo;).
Pursuant to the Joinder Agreement, RLJ Entertainment became a party to, and agreed to be bound by the terms of, (i) that certain
Agreement and Plan of Merger, dated as of April 2, 2012, by and between RLJ and Image (the &ldquo;<U>Merger Agreement</U>&rdquo;),
(ii) that certain Preferred Stock Purchase Agreement, dated as of April 2, 2012, by and among RLJ and the holders of the shares
of Series B Preferred Stock of Image (the &ldquo;<U>Preferred Stock Purchase Agreement</U>&rdquo;), and (iii) that certain Stock
Purchase Agreement, dated as of April 2, 2012, by and among RLJ, Acorn, the shareholders of Acorn and the Shareholder Representative
(the &ldquo;<U>Stock Purchase Agreement</U>&rdquo; and, together with the Merger Agreement and Preferred Stock Purchase Agreement,
the &ldquo;<U>Agreements</U>&rdquo;), as if RLJ Entertainment had been an original signatory and party to each of the Agreements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">A copy of the Joinder Agreement is filed
with this Current Report on Form 8-K as Exhibit 10.1 and is incorporated herein by reference. The foregoing description of the
Joinder Agreement is qualified in its entirety by reference to the full text of the Joinder Agreement filed with this Current Report
on Form 8-K.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Copies of the Merger Agreement, Preferred
Stock Purchase Agreement and Stock Purchase Agreement are filed as Exhibits 2.1, 10.1 and 2.2, respectively, to the Current Report
on Form 8-K filed by RLJ with the Securities and Exchange Commission (the &ldquo;<U>SEC</U>&rdquo;) on April 6, 2012 (the &ldquo;<U>April
6, 2012 Form 8-K</U>&rdquo;), and are incorporated herein by reference. The descriptions of the Agreements included in the April
6, 2012 Form 8-K are qualified in their entirety by reference to the full text of the Agreements filed with the April 6, 2012 Form
8-K.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Item 8.01.&#9;Other Events.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On April 13, 2012, a Registration Statement
on Form S-4 (which contains a preliminary joint proxy statement/prospectus) was filed by RLJ Entertainment, a wholly owned subsidiary
of RLJ, in connection with the proposed business combination of RLJ, Image and Acorn, as contemplated by the Agreements.</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; text-indent: 0.5in">The Registration Statement on Form S-4 (which
contains a preliminary joint proxy statement/prospectus) may be found on the SEC&rsquo;s website, which is located at http://www.sec.gov,
under the name &ldquo;RLJ Entertainment, Inc.&rdquo; The information contained therein is subject, in its entirety, to completion
or amendment as described therein.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Attached as Exhibit 99.1 to this Current
Report on Form 8-K and incorporated herein by reference is the form of presentation to be used by RLJ in presentations for certain
of RLJ&rsquo;s stockholders and other persons. Such exhibit and the information set forth therein shall not be deemed to be filed
for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the &ldquo;Exchange Act&rdquo;), or otherwise be
subject to the liabilities of that section, nor shall it be deemed to be incorporated by reference in any filing under the Securities
Act of 1933, as amended, or the Exchange Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On April 13, 2012, RLJ issued a press release
announcing that it will hold a conference call on Tuesday, April 17, 2012, at 2:30 p.m. Eastern Daylight Time (the &ldquo;<U>Conference
Call</U>&rdquo;). Information regarding participation in the Conference Call is included in the press release, which is attached
hereto as Exhibit 99.2 and incorporated herein by reference.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: left; margin-bottom: 0pt"></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>Forward-Looking Statements</I></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; text-indent: 0.5in"><I>This report may include
&ldquo;forward looking statements&rdquo; within the meaning of the &ldquo;safe harbor&rdquo; provisions of the United Stated
Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as
&ldquo;anticipate&rdquo;, &ldquo;believe&rdquo;, &ldquo;expect&rdquo;, &ldquo;estimate&rdquo;, &ldquo;plan&rdquo;,
&ldquo;outlook&rdquo;, and &ldquo;project&rdquo; and other similar expressions that predict or indicate future events or
trends or that are not statements of historical matters. Investors are cautioned that such forward looking statements with
respect to revenues, earnings, performance, strategies, prospects and other aspects of the businesses of RLJ, RLJ
Entertainment, a holding company formed by RLJ, Image, Acorn and the combined companies after completion of the proposed
business combination are based on current expectations that are subject to risks and uncertainties.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><I>A number of factors could cause actual
results or outcomes to differ materially from those indicated by such forward looking statements. These factors include, but are
not limited to: (1) the occurrence of any event, change or other circumstances that could give rise to the termination of the Merger
Agreement, the Preferred Stock Purchase Agreement or the Stock Purchase Agreement; (2) the outcome of any legal proceedings that
may be instituted against RLJ, Image or others following announcement of the Merger Agreement, the Preferred Stock Purchase Agreement,
the Stock Purchase Agreement and transactions contemplated therein; (3) the inability to complete the transactions contemplated
by the Merger Agreement due to the failure to obtain approval of the stockholders of RLJ or Image, (4) delays in obtaining, adverse
conditions contained in, or the inability to obtain necessary regulatory approvals required to complete the transactions contemplated
by the Merger Agreement, the Preferred Stock Purchase Agreement and the Stock Purchase Agreement; (5) the risk that the proposed
transaction disrupts current plans and operations as a result of the announcement and consummation of the transactions described
herein; (6) the ability to recognize the anticipated benefits of the business combination; (7) costs related to the proposed business
combination; (8) changes in applicable laws or regulations; (9) the possibility that Image or Acorn may be adversely affected by
other economic, business, and/or competitive factors; and (10) other risks and uncertainties indicated from time to time in filings
with the SEC by RLJ, RLJ Entertainment or Image.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><I>Readers are referred to the most recent
reports filed with the SEC by RLJ and Image. Readers are cautioned not to place undue reliance upon any forward-looking statements,
which speak only as of the date made, and we undertake no obligation to update or revise the forward-looking statements, whether
as a result of new information, future events or otherwise.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>Additional Information</I></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; text-indent: 0.5in">On April 13, 2012, RLJ
Entertainment filed with the SEC a Registration Statement on Form S-4 containing preliminary proxy statements of Image and
RLJ and a prospectus of RLJ Entertainment regarding the proposed business combination. This material is not a substitute for
the final joint proxy statement / prospectus regarding the proposed business combination. <B>Investors and security holders
are urged to read the preliminary joint proxy statement / prospectus, the final joint proxy statement / prospectus and any
other relevant documents filed with the SEC when available carefully because they contain important information regarding
RLJ, RLJ Entertainment, Image and Acorn, the proposed business combination and related matters.</B> The final joint proxy
statement / prospectus will be mailed to stockholders of RLJ and Image. Stockholders will also be able to obtain copies of
the Registration Statement and the joint proxy statement/prospectus, without charge, once available, at the SEC&rsquo;s
Internet site at http://www.sec.gov or by directing a request to: Lisa Warner Pickrum at 301.280.7703 or
RLJA@rljcompanies.com.</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"></P>

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<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"><B><I>Participants in the Business Combination</I></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; text-indent: 0.5in">RLJ Entertainment, RLJ, Image and their
respective directors and executive officers may be deemed to be participants in the solicitation of proxies from the stockholders
of RLJ and Image in connection with the proposed business combination. Information regarding the officers and directors of RLJ
is available in RLJ&rsquo;s annual report on Form 10-K for the year ended December 31, 2011, which has been filed with the SEC.</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; text-indent: 0.5in">Information regarding the officers
and directors of Image is available in Image&rsquo;s annual report on Form 10-K/A for the year ended March 31, 2011, which
has been filed with the SEC. Additional information regarding the interests of such potential participants is also included
in the Registration Statement on Form S-4 filed with the SEC by RLJ Entertainment on April 13, 2012 (and will be included in
the definitive proxy statement/prospectus for the proposed business combination) and the other relevant documents filed with
the SEC.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>Disclaimer</I></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; text-indent: 0.5in">This communication shall not constitute
an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction
in which the offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws
of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section
10 of the Securities Act of 1933, as amended.</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"></P>

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<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; text-align: justify"><B>Item 9.01. Financial Statements and
Exhibits.</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">(d) Exhibits</P>

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

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<TD STYLE="width: 0.5in">2.1</TD><TD>Agreement and Plan of Merger, dated as of April 2, 2012, by and between RLJ Acquisition, Inc. and Image Entertainment, Inc.
Incorporated by reference to Exhibit 2.1 to the Current Report on Form 8-K filed by RLJ Acquisition, Inc. with the SEC on April
6, 2012.</TD></TR>                  <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD></TR>
</TABLE>

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<TD STYLE="width: 0.5in">2.2</TD><TD>Stock Purchase Agreement, dated as of April 2, 2012, by and among RLJ Acquisition, Inc., Acorn Media Group, Inc., the shareholders
of Acorn Media Group, Inc. and Peter Edwards, as the Shareholder Representative. Incorporated by reference to Exhibit 2.2 to the
Current Report on Form 8-K filed by RLJ Acquisition, Inc. with the SEC on April 6, 2012.</TD></TR>                                                                                                  <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD></TR>
</TABLE>

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<TD STYLE="width: 0.5in">10.1*</TD><TD>Joinder Agreement, dated as of April 10, 2012, by and among, RLJ Acquisition, Inc., RLJ Entertainment, Inc., Image Entertainment,
Inc., Acorn Media Group, Inc. and Peter Edwards, in his capacity as the Shareholder Representative.</TD></TR>                                                                                                             <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD></TR>
</TABLE>

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<TD STYLE="width: 0.5in">10.2</TD><TD>Preferred Stock Purchase Agreement, dated as of April 2, 2012, by and between RLJ Acquisition, Inc. and the holders of the
shares of Series B Preferred Stock of Image Entertainment, Inc. Incorporated by reference to Exhibit 10.1 to the Current Report
on Form 8-K filed by RLJ Acquisition, Inc. with the SEC on April 6, 2012.</TD></TR>                                                                                   <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in">99.1**</TD><TD>Form of presentation.</TD></TR>                                                                                                 <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">99.2*</TD><TD>Press release issued by RLJ Acquisition, Inc. on April 13, 2012.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.5in">_______________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.5in">* Filed herewith.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.5in">** Furnished herewith.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.5in"></P>

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<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; text-align: center"><B>SIGNATURES</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>

<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"><B><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0; margin-top: 0pt; margin-bottom: 6pt">&nbsp;</P>

<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="2"><B>RLJ Acquisition, Inc.</B></TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; width: 50%">&nbsp;</TD>
    <TD STYLE="width: 4%">By:&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 46%">/s/ H. Van Sinclair</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-top: #000000 1px solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: left; margin-bottom: 0pt">Name: H. Van Sinclair</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: left; margin-bottom: 0pt">Title: President and Chief Executive
Officer</P>
</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0pt; margin-top: 0pt; margin-bottom: 6pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; text-indent: 0pt; margin-top: 0pt; margin-bottom: 6pt">Date:&nbsp;April
13, 2012</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: left; margin-bottom: 0pt"></P>

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

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<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; text-align: center"><B>INDEX TO EXHIBITS</B></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in">2.1</TD><TD>Agreement and Plan of Merger, dated as of April 2, 2012, by and between RLJ Acquisition, Inc. and Image Entertainment, Inc.
Incorporated by reference to Exhibit 2.1 to the Current Report on Form 8-K filed by RLJ Acquisition, Inc. with the SEC on April
6, 2012.</TD></TR>                  <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in">2.2</TD><TD>Stock Purchase Agreement, dated as of April 2, 2012, by and among RLJ Acquisition, Inc., Acorn Media Group, Inc., the shareholders
of Acorn Media Group, Inc. and Peter Edwards, as the Shareholder Representative. Incorporated by reference to Exhibit 2.2 to the
Current Report on Form 8-K filed by RLJ Acquisition, Inc. with the SEC on April 6, 2012.</TD></TR>                                                                                                  <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in">10.1*</TD><TD>Joinder Agreement, dated as of April 10, 2012, by and among, RLJ Acquisition, Inc., RLJ Entertainment, Inc., Image Entertainment,
Inc., Acorn Media Group, Inc. and Peter Edwards, in his capacity as the Shareholder Representative.</TD></TR>                                                                                                             <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in">10.2</TD><TD>Preferred Stock Purchase Agreement, dated as of April 2, 2012, by and between RLJ Acquisition, Inc. and the holders of the
shares of Series B Preferred Stock of Image Entertainment, Inc. Incorporated by reference to Exhibit 10.1 to the Current Report
on Form 8-K filed by RLJ Acquisition, Inc. with the SEC on April 6, 2012.</TD></TR>                                                                                   <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in">99.1**</TD><TD>Form of Presentation.</TD></TR>                                                                                                <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD></TR>
</TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">99.2*</TD><TD>Press release issued by RLJ Acquisition, Inc. on April 13, 2012.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.5in">_______________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.5in">* Filed herewith.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.5in">** Furnished herewith.&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.5in"></P>

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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):
April
10, 2012
RLJ Acquisition, Inc.
(Exact Name of Registrant as Specified in Its Charter)
Nevada
(State or Other Jurisdiction of Incorporation)
000-54276
27-3970903
(Commission File Number)
(IRS Employer Identification No.)
3 Bethesda Metro Center, Suite 1000
Bethesda, MD
20814
(Address of Principal Executive Offices)
(Zip Code)
(301) 280-7737
(Registrant's Telephone Number, Including Area Code)
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:
S
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
£
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
£
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
£
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
1
Item 1.01.	Entry into a Material
Definitive Agreement.
On April 10, 2012, RLJ Acquisition, Inc.
("
RLJ
"), RLJ Entertainment, Inc. ("
RLJ Entertainment
"), Image Entertainment, Inc. ("
Image
"),
Acorn Media Group, Inc. ("
Acorn
"), and Peter Edwards, in his capacity as the Shareholder Representative (the
"
Shareholder Representative
") entered into a Joinder Agreement (the "
Joinder Agreement
").
Pursuant to the Joinder Agreement, RLJ Entertainment became a party to, and agreed to be bound by the terms of, (i) that certain
Agreement and Plan of Merger, dated as of April 2, 2012, by and between RLJ and Image (the "
Merger Agreement
"),
(ii) that certain Preferred Stock Purchase Agreement, dated as of April 2, 2012, by and among RLJ and the holders of the shares
of Series B Preferred Stock of Image (the "
Preferred Stock Purchase Agreement
"), and (iii) that certain Stock
Purchase Agreement, dated as of April 2, 2012, by and among RLJ, Acorn, the shareholders of Acorn and the Shareholder Representative
(the "
Stock Purchase Agreement
" and, together with the Merger Agreement and Preferred Stock Purchase Agreement,
the "
Agreements
"), as if RLJ Entertainment had been an original signatory and party to each of the Agreements.
A copy of the Joinder Agreement is filed
with this Current Report on Form 8-K as Exhibit 10.1 and is incorporated herein by reference. The foregoing description of the
Joinder Agreement is qualified in its entirety by reference to the full text of the Joinder Agreement filed with this Current Report
on Form 8-K.
Copies of the Merger Agreement, Preferred
Stock Purchase Agreement and Stock Purchase Agreement are filed as Exhibits 2.1, 10.1 and 2.2, respectively, to the Current Report
on Form 8-K filed by RLJ with the Securities and Exchange Commission (the "
SEC
") on April 6, 2012 (the "
April
6, 2012 Form 8-K
"), and are incorporated herein by reference. The descriptions of the Agreements included in the April
6, 2012 Form 8-K are qualified in their entirety by reference to the full text of the Agreements filed with the April 6, 2012 Form
8-K.
Item 8.01.	Other Events.
On April 13, 2012, a Registration Statement
on Form S-4 (which contains a preliminary joint proxy statement/prospectus) was filed by RLJ Entertainment, a wholly owned subsidiary
of RLJ, in connection with the proposed business combination of RLJ, Image and Acorn, as contemplated by the Agreements.
The Registration Statement on Form S-4 (which
contains a preliminary joint proxy statement/prospectus) may be found on the SEC's website, which is located at http://www.sec.gov,
under the name "RLJ Entertainment, Inc." The information contained therein is subject, in its entirety, to completion
or amendment as described therein.
Attached as Exhibit 99.1 to this Current
Report on Form 8-K and incorporated herein by reference is the form of presentation to be used by RLJ in presentations for certain
of RLJ's stockholders and other persons. Such exhibit and the information set forth therein shall not be deemed to be filed
for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise be
subject to the liabilities of that section, nor shall it be deemed to be incorporated by reference in any filing under the Securities
Act of 1933, as amended, or the Exchange Act.
On April 13, 2012, RLJ issued a press release
announcing that it will hold a conference call on Tuesday, April 17, 2012, at 2:30 p.m. Eastern Daylight Time (the "
Conference
Call
"). Information regarding participation in the Conference Call is included in the press release, which is attached
hereto as Exhibit 99.2 and incorporated herein by reference.
2
Forward-Looking Statements
This report may include
"forward looking statements" within the meaning of the "safe harbor" provisions of the United Stated
Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as
"anticipate", "believe", "expect", "estimate", "plan",
"outlook", and "project" and other similar expressions that predict or indicate future events or
trends or that are not statements of historical matters. Investors are cautioned that such forward looking statements with
respect to revenues, earnings, performance, strategies, prospects and other aspects of the businesses of RLJ, RLJ
Entertainment, a holding company formed by RLJ, Image, Acorn and the combined companies after completion of the proposed
business combination are based on current expectations that are subject to risks and uncertainties.
A number of factors could cause actual
results or outcomes to differ materially from those indicated by such forward looking statements. These factors include, but are
not limited to: (1) the occurrence of any event, change or other circumstances that could give rise to the termination of the Merger
Agreement, the Preferred Stock Purchase Agreement or the Stock Purchase Agreement; (2) the outcome of any legal proceedings that
may be instituted against RLJ, Image or others following announcement of the Merger Agreement, the Preferred Stock Purchase Agreement,
the Stock Purchase Agreement and transactions contemplated therein; (3) the inability to complete the transactions contemplated
by the Merger Agreement due to the failure to obtain approval of the stockholders of RLJ or Image, (4) delays in obtaining, adverse
conditions contained in, or the inability to obtain necessary regulatory approvals required to complete the transactions contemplated
by the Merger Agreement, the Preferred Stock Purchase Agreement and the Stock Purchase Agreement; (5) the risk that the proposed
transaction disrupts current plans and operations as a result of the announcement and consummation of the transactions described
herein; (6) the ability to recognize the anticipated benefits of the business combination; (7) costs related to the proposed business
combination; (8) changes in applicable laws or regulations; (9) the possibility that Image or Acorn may be adversely affected by
other economic, business, and/or competitive factors; and (10) other risks and uncertainties indicated from time to time in filings
with the SEC by RLJ, RLJ Entertainment or Image.
Readers are referred to the most recent
reports filed with the SEC by RLJ and Image. Readers are cautioned not to place undue reliance upon any forward-looking statements,
which speak only as of the date made, and we undertake no obligation to update or revise the forward-looking statements, whether
as a result of new information, future events or otherwise.
Additional Information
On April 13, 2012, RLJ
Entertainment filed with the SEC a Registration Statement on Form S-4 containing preliminary proxy statements of Image and
RLJ and a prospectus of RLJ Entertainment regarding the proposed business combination. This material is not a substitute for
the final joint proxy statement / prospectus regarding the proposed business combination.
Investors and security holders
are urged to read the preliminary joint proxy statement / prospectus, the final joint proxy statement / prospectus and any
other relevant documents filed with the SEC when available carefully because they contain important information regarding
RLJ, RLJ Entertainment, Image and Acorn, the proposed business combination and related matters.
The final joint proxy
statement / prospectus will be mailed to stockholders of RLJ and Image. Stockholders will also be able to obtain copies of
the Registration Statement and the joint proxy statement/prospectus, without charge, once available, at the SEC's
Internet site at http://www.sec.gov or by directing a request to: Lisa Warner Pickrum at 301.280.7703 or
RLJA@rljcompanies.com.
3
Participants in the Business Combination
RLJ Entertainment, RLJ, Image and their
respective directors and executive officers may be deemed to be participants in the solicitation of proxies from the stockholders
of RLJ and Image in connection with the proposed business combination. Information regarding the officers and directors of RLJ
is available in RLJ's annual report on Form 10-K for the year ended December 31, 2011, which has been filed with the SEC.
Information regarding the officers
and directors of Image is available in Image's annual report on Form 10-K/A for the year ended March 31, 2011, which
has been filed with the SEC. Additional information regarding the interests of such potential participants is also included
in the Registration Statement on Form S-4 filed with the SEC by RLJ Entertainment on April 13, 2012 (and will be included in
the definitive proxy statement/prospectus for the proposed business combination) and the other relevant documents filed with
the SEC.
Disclaimer
This communication shall not constitute
an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction
in which the offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws
of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section
10 of the Securities Act of 1933, as amended.
4
Item 9.01. Financial Statements and
Exhibits.
(d) Exhibits
2.1
Agreement and Plan of Merger, dated as of April 2, 2012, by and between RLJ Acquisition, Inc. and Image Entertainment, Inc.
Incorporated by reference to Exhibit 2.1 to the Current Report on Form 8-K filed by RLJ Acquisition, Inc. with the SEC on April
6, 2012.
2.2
Stock Purchase Agreement, dated as of April 2, 2012, by and among RLJ Acquisition, Inc., Acorn Media Group, Inc., the shareholders
of Acorn Media Group, Inc. and Peter Edwards, as the Shareholder Representative. Incorporated by reference to Exhibit 2.2 to the
Current Report on Form 8-K filed by RLJ Acquisition, Inc. with the SEC on April 6, 2012.
10.1*
Joinder Agreement, dated as of April 10, 2012, by and among, RLJ Acquisition, Inc., RLJ Entertainment, Inc., Image Entertainment,
Inc., Acorn Media Group, Inc. and Peter Edwards, in his capacity as the Shareholder Representative.
10.2
Preferred Stock Purchase Agreement, dated as of April 2, 2012, by and between RLJ Acquisition, Inc. and the holders of the
shares of Series B Preferred Stock of Image Entertainment, Inc. Incorporated by reference to Exhibit 10.1 to the Current Report
on Form 8-K filed by RLJ Acquisition, Inc. with the SEC on April 6, 2012.
99.1**
Form of presentation.
99.2*
Press release issued by RLJ Acquisition, Inc. on April 13, 2012.
_______________
* Filed herewith.
** Furnished herewith.
5
SIGNATURES
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 Acquisition, Inc.
By:
/s/ H. Van Sinclair
Name: H. Van Sinclair
Title: President and Chief Executive
Officer
Date: April
13, 2012
6
INDEX TO EXHIBITS
2.1
Agreement and Plan of Merger, dated as of April 2, 2012, by and between RLJ Acquisition, Inc. and Image Entertainment, Inc.
Incorporated by reference to Exhibit 2.1 to the Current Report on Form 8-K filed by RLJ Acquisition, Inc. with the SEC on April
6, 2012.
2.2
Stock Purchase Agreement, dated as of April 2, 2012, by and among RLJ Acquisition, Inc., Acorn Media Group, Inc., the shareholders
of Acorn Media Group, Inc. and Peter Edwards, as the Shareholder Representative. Incorporated by reference to Exhibit 2.2 to the
Current Report on Form 8-K filed by RLJ Acquisition, Inc. with the SEC on April 6, 2012.
10.1*
Joinder Agreement, dated as of April 10, 2012, by and among, RLJ Acquisition, Inc., RLJ Entertainment, Inc., Image Entertainment,
Inc., Acorn Media Group, Inc. and Peter Edwards, in his capacity as the Shareholder Representative.
10.2
Preferred Stock Purchase Agreement, dated as of April 2, 2012, by and between RLJ Acquisition, Inc. and the holders of the
shares of Series B Preferred Stock of Image Entertainment, Inc. Incorporated by reference to Exhibit 10.1 to the Current Report
on Form 8-K filed by RLJ Acquisition, Inc. with the SEC on April 6, 2012.
99.1**
Form of Presentation.
99.2*
Press release issued by RLJ Acquisition, Inc. on April 13, 2012.
_______________
* Filed herewith.
** Furnished herewith.
7