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<P align="center" style="font-size: 14pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
<FONT style="font-size: 12pt">Washington, D.C. 20549
</FONT></B>

<P align="center" style="font-size: 18pt"><B>FORM 8-K</B>

<P align="center" style="font-size: 12pt"><B>CURRENT REPORT<BR>
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</B>

<P align="center" style="font-size: 10pt"><B>Date of Report (Date of earliest event reported): February 27, 2009</B>

<P align="center">

<P align="center" style="font-size: 24pt"><B>IMAGE ENTERTAINMENT, INC.<BR></B>
<FONT style="font-size: 10pt">(Exact name of registrant as specified in its charter)
</FONT>

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    <TD width="32%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="33%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="32%">&nbsp;</TD>
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    <TD style="border-bottom: 1px solid #000000"><B>Delaware</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000"><B>000-11071</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000"><B>84-0685613</B></TD>
</TR>
<TR valign="top">
    <TD>(State or other Jurisdiction of Incorporation)</TD>
    <TD>&nbsp;</TD>
    <TD>(Commission File Number)</TD>
    <TD>&nbsp;</TD>
    <TD>(IRS Employer Identification No.)</TD>
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    <TD width="49%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="49%">&nbsp;</TD>
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    <TD style="border-bottom: 1px solid #000000"><B>20525 Nordhoff Street, Suite 200, Chatsworth, California<BR></B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000"><B>91311</B></TD>
</TR>
<TR valign="top">
    <TD>(Address of Principal Executive Offices)</TD>
    <TD>&nbsp;</TD>
    <TD>(Zip Code)</TD>
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<P align="center" style="font-size: 10pt">Registrant&#146;s telephone number, including area code: <B>(818) 407-9100</B>


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    <TD nowrap>(Former name or former address if changed since last report.)</TD>
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<P align="left" style="font-size: 10pt">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 align="left" style="font-size: 10pt">
<FONT face="Wingdings">&#111;</FONT> Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<BR><BR>
<FONT face="Wingdings">&#111;</FONT> Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<BR><BR>
<FONT face="Wingdings">&#111;</FONT> Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<BR><BR>
<FONT face="Wingdings">&#111;</FONT> Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<BR>


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<P align="center" style="font-size: 10pt; display: none">1
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<P align="left" style="font-size: 10pt"><B>Item&nbsp;1.01 Amendment of a Material Definitive Agreement.</B>


<P align="left" style="font-size: 10pt; text-indent: 4%">On February&nbsp;27, 2009, Image Entertainment, Inc. (&#147;Image&#148;) entered into the First Amendment (the &#147;Amendment&#148;) to
that Agreement and Plan of Merger, dated November&nbsp;20, 2009, with Nyx Acquisitions, Inc. (&#147;Nyx&#148;), and The Conceived
Group, Inc. (&#147;Merger Sub&#148;), a wholly-owned subsidiary of Nyx (the &#147;Merger Agreement&#148;).


<P align="left" style="font-size: 10pt; text-indent: 4%">Under the Amendment, Nyx has agreed to pay Image an additional $500,000 (the &#147;Third Deposit&#148;) into a trust account
to secure payment of the business interruption fee by 5:00 p.m. Pacific Time on March&nbsp;2, 2009 (the &#147;Third Deposit
Deadline&#148;), raising the business interruption fee from $1.8&nbsp;million to $2.3&nbsp;million. Image has agreed to extend the
closing date of the merger to March&nbsp;20, 2009 (the &#147;Scheduled Closing Date&#148;), from a closing date under the original
terms of the Merger Agreement of February&nbsp;26, 2009. Nyx also has an option under the Amendment to extend the closing
date to March&nbsp;26, 2009, if it deposits an additional $500,000 into a trust account by 5:00 p.m. on March&nbsp;19, 2009 (the
&#147;Additional Deposit&#148;), thus raising the business interruption fee to $2.8&nbsp;million.


<P align="left" style="font-size: 10pt; text-indent: 4%">Nyx has also agreed to waive certain conditions to closing, including a waiver of Image&#146;s representations and
warranties and performance of its obligations under the Merger
Agreement. Notwithstanding, Image shall continue to perform
the obligations set forth in Section&nbsp;6.01 (&#147;Conduct of the Company and its Subsidiaries&#148;) and Section&nbsp;7.04 (&#147;No
Solicitation&#148;) under the Merger Agreement. The parties have represented that neither is aware of any violations of
Section&nbsp;6.01 or Section&nbsp;7.04 as of the date of the signing of the Amendment.


<P align="left" style="font-size: 10pt; text-indent: 4%">The Amendment changes the termination provisions of the Merger Agreement under Section&nbsp;9.01(e), such that Image
may terminate the Agreement if (a)&nbsp;Nyx does not pay Image the Third Deposit by the Third Deposit Deadline, or (b)&nbsp;the
merger has not been consummated on or prior to the Scheduled Closing Date, other than as a result of the Company&#146;s
refusal to close in violation of the Merger Agreement.


<P align="left" style="font-size: 10pt; text-indent: 4%">Under the
Amendment, Image has waived potential remedies against Nyx under the
Merger Agreement in excess of the
business interruption fee, provided that Nyx does not challenge
Image&#146;s right to the business interruption fee. The parties have
also agreed to amend those Trust Instructions, dated November
20, 2008, relating to the business interruption fee (the &#147;Amended Trust Instructions&#148;). Under the Amended Trust
Instructions, Nyx waives the right to challenge Image&#146;s right to collect the business interruption fee in the event
that Image terminates the Merger Agreement in accordance with Section&nbsp;9.01(e).


<P align="left" style="font-size: 10pt; text-indent: 4%">Attached hereto as Exhibit&nbsp;2.1 and incorporated herein by reference is a copy of the Amendment.


<P align="left" style="font-size: 10pt"><B>Item&nbsp;8.01 Other Exhibits.</B>


<P align="left" style="font-size: 10pt; text-indent: 4%">Attached hereto as Exhibits 99.1 and 99.2 and incorporated herein by reference are copies of two press releases
issued by Image Entertainment on February&nbsp;27, 2009.


<P align="left" style="font-size: 10pt"><B>Item&nbsp;9.01 Financial Statements and Exhibits.</B>



<P align="left" style="margin-left:4%; font-size: 10pt">(d)&nbsp;Exhibits



<P align="left" style="margin-left:8%; font-size: 10pt">99.1 Press release, dated February&nbsp;27, 2009.
<BR>
99.2 Press release, dated February&nbsp;27, 2009.
<BR>
2.1&nbsp;&nbsp;&nbsp;First Amendment to Agreement and Plan of Merger, dated February&nbsp;27, 2009.


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<P align="center" style="font-size: 10pt; display: none">2
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<P align="left" style="font-size: 10pt"><B>SIGNATURE</B>


<P align="left" style="font-size: 10pt; text-indent: 4%">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.

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    <TD>&nbsp;</TD>
    <TD nowrap align="left" colspan="3"><B>IMAGE ENTERTAINMENT, INC.</B></TD>
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    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
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    <TD align="left" valign="top">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;Date: March&nbsp;4, 2009
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-bottom: 1px solid #000000">/s/ MICHAEL B. BAYER&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Michael B. Bayer</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Corporate Secretary&nbsp;</TD>
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<P align="center" style="font-size: 10pt"><B>EXHIBIT INDEX</B>


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<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top" style="border-bottom: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px"><B>Exhibit<br>No.</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top" style="border-bottom: 1px solid #000000"><br><B>Description</B></TD>
</TR>
<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
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<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Press release, dated February&nbsp;27, 2009.</TD>
</TR>
<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Press release, dated February&nbsp;27, 2009.</TD>
</TR>
<TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">2.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">First Amendment to Agreement and Plan of Merger, dated February&nbsp;27, 2009.</TD>
</TR>
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<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt; display: none">4




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Form 8-K
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): February 27, 2009
IMAGE ENTERTAINMENT, INC.
(Exact name of registrant as specified in its charter)
Delaware
000-11071
84-0685613
(State or other Jurisdiction of Incorporation)
(Commission File Number)
(IRS Employer Identification No.)
20525 Nordhoff Street, Suite 200, Chatsworth, California
91311
(Address of Principal Executive Offices)
(Zip Code)
Registrant's telephone number, including area code:
(818) 407-9100
(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 1.01 Amendment of a Material Definitive Agreement.
On February 27, 2009, Image Entertainment, Inc. ("Image") entered into the First Amendment (the "Amendment") to
that Agreement and Plan of Merger, dated November 20, 2009, with Nyx Acquisitions, Inc. ("Nyx"), and The Conceived
Group, Inc. ("Merger Sub"), a wholly-owned subsidiary of Nyx (the "Merger Agreement").
Under the Amendment, Nyx has agreed to pay Image an additional $500,000 (the "Third Deposit") into a trust account
to secure payment of the business interruption fee by 5:00 p.m. Pacific Time on March 2, 2009 (the "Third Deposit
Deadline"), raising the business interruption fee from $1.8 million to $2.3 million. Image has agreed to extend the
closing date of the merger to March 20, 2009 (the "Scheduled Closing Date"), from a closing date under the original
terms of the Merger Agreement of February 26, 2009. Nyx also has an option under the Amendment to extend the closing
date to March 26, 2009, if it deposits an additional $500,000 into a trust account by 5:00 p.m. on March 19, 2009 (the
"Additional Deposit"), thus raising the business interruption fee to $2.8 million.
Nyx has also agreed to waive certain conditions to closing, including a waiver of Image's representations and
warranties and performance of its obligations under the Merger
Agreement. Notwithstanding, Image shall continue to perform
the obligations set forth in Section 6.01 ("Conduct of the Company and its Subsidiaries") and Section 7.04 ("No
Solicitation") under the Merger Agreement. The parties have represented that neither is aware of any violations of
Section 6.01 or Section 7.04 as of the date of the signing of the Amendment.
The Amendment changes the termination provisions of the Merger Agreement under Section 9.01(e), such that Image
may terminate the Agreement if (a) Nyx does not pay Image the Third Deposit by the Third Deposit Deadline, or (b) the
merger has not been consummated on or prior to the Scheduled Closing Date, other than as a result of the Company's
refusal to close in violation of the Merger Agreement.
Under the
Amendment, Image has waived potential remedies against Nyx under the
Merger Agreement in excess of the
business interruption fee, provided that Nyx does not challenge
Image's right to the business interruption fee. The parties have
also agreed to amend those Trust Instructions, dated November
20, 2008, relating to the business interruption fee (the "Amended Trust Instructions"). Under the Amended Trust
Instructions, Nyx waives the right to challenge Image's right to collect the business interruption fee in the event
that Image terminates the Merger Agreement in accordance with Section 9.01(e).
Attached hereto as Exhibit 2.1 and incorporated herein by reference is a copy of the Amendment.
Item 8.01 Other Exhibits.
Attached hereto as Exhibits 99.1 and 99.2 and incorporated herein by reference are copies of two press releases
issued by Image Entertainment on February 27, 2009.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
99.1 Press release, dated February 27, 2009.
99.2 Press release, dated February 27, 2009.
2.1   First Amendment to Agreement and Plan of Merger, dated February 27, 2009.
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.
IMAGE ENTERTAINMENT, INC.
Date: March 4, 2009
By:
/s/ MICHAEL B. BAYER
Michael B. Bayer
Corporate Secretary
EXHIBIT INDEX
Exhibit
No.
Description
99.1
Press release, dated February 27, 2009.
99.2
Press release, dated February 27, 2009.
2.1
First Amendment to Agreement and Plan of Merger, dated February 27, 2009.