<HTML>
<HEAD>
<TITLE>form 8-K</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">



<DIV style="font-size: 10pt">
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>


<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): April 17, 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>

<TABLE border="0" width="100%" cellspacing="0" cellpadding="0" style="font-size: 10pt; text-align: center">
<TR>
    <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>
</TR>
<TR valign="bottom">
    <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>
</TR>
</TABLE>

<TABLE border="0" width="100%" cellspacing="0" cellpadding="0" style="font-size: 10pt; text-align: center">
<TR>
    <TD width="49%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="49%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD style="border-bottom: 1px solid #000000"><B>20525 Nordhoff Street, Suite 200<BR>Chatsworth, California<BR></B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000"><B>91311-6104</B></TD>
</TR>
<TR valign="top">
    <TD>(Address of Principal Executive Offices)</TD>
    <TD>&nbsp;</TD>
    <TD>(Zip Code)</TD>
</TR>
</TABLE>

<P align="center" style="font-size: 10pt">Registrant&#146;s telephone number, including area code: <B>(818) 407-9100</B>


<TABLE border="0" width="30%" cellspacing="0" cellpadding="0" style="font-size: 10pt; text-align: center">
<TR>
    <TD width="100%">&nbsp;</TD>
</TR>
<TR>
    <TD nowrap style="border-bottom: 1px solid #000000"><B>&nbsp;</B></TD>
</TR>
<TR>
    <TD nowrap>(Former name or former address if changed since last report.)</TD>
</TR>
</TABLE>

<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>


<P>
<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>

</DIV>

<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt; display: none">1
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">

<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>Item&nbsp;1.02</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Termination of a Material Definitive Agreement.</B></TD>
</TR>

</TABLE>


<P align="left" style="font-size: 10pt; text-indent: 4%">On April&nbsp;17, 2009, Image Entertainment, Inc. (the &#147;<U>Company</U>&#148;) terminated the Agreement and Plan of Merger,
dated November&nbsp;20, 2008, as amended on February&nbsp;27, 2009, March&nbsp;24, 2009, April&nbsp;8, 2009, and April&nbsp;14, 2009, with Nyx
Acquisitions, Inc. (&#147;<U>Nyx</U>&#148;) and the Conceived Group, Inc., a wholly-owned subsidiary of Nyx (as amended, the &#147;<U>Merger
Agreement</U>&#148;). Under the terms of the Merger Agreement, Nyx had agreed to acquire 100% of the outstanding common
stock of the Company for $2.75 per share in cash.


<P align="left" style="font-size: 10pt; text-indent: 4%">Pursuant to the Merger Agreement, Nyx had the option to extend the scheduled closing date of the merger
from April&nbsp;6, 2009 to April&nbsp;20, 2009 if Nyx, among other things, paid an additional amount of $1.0&nbsp;million in
immediately available funds into an account designated by the Company for receipt of such funds by 12:00&nbsp;p.m. local
time on April&nbsp;17, 2009. Nyx failed to deliver the $1.0&nbsp;million payment, and therefore was in breach of its obligation
to consummate the merger no later than the scheduled closing date of April&nbsp;6, 2009. In accordance with its rights
under the Merger Agreement, the Company therefore terminated the Merger Agreement, effective as of 12:01&nbsp;p.m. Pacific
Daylight Time on April&nbsp;17, 2009.


<P align="left" style="font-size: 10pt; text-indent: 4%">The notice
of termination sent by the Company to Nyx on April&nbsp;17, 2009 is filed as Exhibit&nbsp;99.1 and incorporated herein
by reference.


<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 Exhibit&nbsp;99.2 and incorporated herein by reference is a copy of a press release issued by the
Company on April&nbsp;18, 2009.


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



<P align="left" style="margin-left:2%; font-size: 10pt; text-indent: 4%">(d)&nbsp;Exhibits.


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="16%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="79%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<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 valign="top"><DIV style="margin-left:0px; text-indent:-0px; border-bottom: 1px solid #000000">Exhibit&nbsp;Number
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-bottom: 1px solid #000000">Exhibit Description</TD>
</TR>
<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">Notice of termination of the Agreement and Plan of Merger, dated
as of November&nbsp;20, 2008, as amended on February&nbsp;27, 2009, March
24, 2009, April&nbsp;8, 2009, and April&nbsp;14, 2009, sent by the Company
on April&nbsp;17, 2009.</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 April&nbsp;18, 2009.</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<P align="center" style="font-size: 10pt; text-indent: 7%">&nbsp;

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

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">

<P align="center" 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.



<P align="left" style="margin-left:46%; font-size: 10pt"><B>IMAGE ENTERTAINMENT, INC.</B>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Dated:&nbsp;&nbsp;&nbsp;&nbsp;April&nbsp;23, 2009</TD>
</TR>

</TABLE>



<P align="left" style="margin-left:46%; font-size: 10pt; margin-top: -11pt">By: <U><B>/</B>s/ MICHAEL B. BAYER&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>
<BR>
Name&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Michael B. Bayer
<BR>
Title:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Corporate Secretary

<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt; display: none">3
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">

<P align="center" style="font-size: 10pt"><B>EXHIBIT INDEX</B>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="16%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="79%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<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 valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Exhibit&nbsp;No.</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>Description</B></TD>
</TR>
<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">Notice of termination of the Agreement and Plan of Merger, dated
as of November&nbsp;20, 2008, as amended on February&nbsp;27, 2009, March
24, 2009, April&nbsp;8, 2009, and April&nbsp;14, 2009, sent by the Company
on April&nbsp;17, 2009.</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 April&nbsp;18, 2009.</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt">&nbsp;

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




</DIV>
</BODY>
</HTML>
[{"type": "8-K", "sequence": "1", "filename": "c84135e8vk.htm", "description": "FORM 8-K", "secsgml_size_bytes": 11454}]
{"company-data": {"conformed-name": "IMAGE ENTERTAINMENT INC", "cik": "0000216324", "assigned-sic": "7822", "irs-number": "840685613", "state-of-incorporation": "DE", "fiscal-year-end": "0331"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-11071", "film-number": "09766823"}, "business-address": {"street1": "20525 NORDHOFF STREET", "street2": "SUITE 200", "city": "CHATSWORTH", "state": "CA", "zip": "91311", "phone": "8184079100"}, "mail-address": {"street1": "20525 NORDHOFF STREET", "street2": "SUITE 200", "city": "CHATSWORTH", "state": "CA", "zip": "91311"}, "former-company": {"former-conformed-name": "KEY INTERNATIONAL FILM DISTRIBUTORS INC", "date-changed": "19830719"}}
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): April 17, 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
91311-6104
(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 1.02
Termination of a Material Definitive Agreement.
On April 17, 2009, Image Entertainment, Inc. (the "
Company
") terminated the Agreement and Plan of Merger,
dated November 20, 2008, as amended on February 27, 2009, March 24, 2009, April 8, 2009, and April 14, 2009, with Nyx
Acquisitions, Inc. ("
Nyx
") and the Conceived Group, Inc., a wholly-owned subsidiary of Nyx (as amended, the "
Merger
Agreement
"). Under the terms of the Merger Agreement, Nyx had agreed to acquire 100% of the outstanding common
stock of the Company for $2.75 per share in cash.
Pursuant to the Merger Agreement, Nyx had the option to extend the scheduled closing date of the merger
from April 6, 2009 to April 20, 2009 if Nyx, among other things, paid an additional amount of $1.0 million in
immediately available funds into an account designated by the Company for receipt of such funds by 12:00 p.m. local
time on April 17, 2009. Nyx failed to deliver the $1.0 million payment, and therefore was in breach of its obligation
to consummate the merger no later than the scheduled closing date of April 6, 2009. In accordance with its rights
under the Merger Agreement, the Company therefore terminated the Merger Agreement, effective as of 12:01 p.m. Pacific
Daylight Time on April 17, 2009.
The notice
of termination sent by the Company to Nyx on April 17, 2009 is filed as Exhibit 99.1 and incorporated herein
by reference.
Item 8.01. Other Exhibits.
Attached hereto as Exhibit 99.2 and incorporated herein by reference is a copy of a press release issued by the
Company on April 18, 2009.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit Number
Exhibit Description
99.1
Notice of termination of the Agreement and Plan of Merger, dated
as of November 20, 2008, as amended on February 27, 2009, March
24, 2009, April 8, 2009, and April 14, 2009, sent by the Company
on April 17, 2009.
99.2
Press release, dated April 18, 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.
Dated:    April 23, 2009
By:
/
s/ MICHAEL B. BAYER
Name     Michael B. Bayer
Title:      Corporate Secretary
EXHIBIT INDEX
Exhibit No.
Description
99.1
Notice of termination of the Agreement and Plan of Merger, dated
as of November 20, 2008, as amended on February 27, 2009, March
24, 2009, April 8, 2009, and April 14, 2009, sent by the Company
on April 17, 2009.
99.2
Press release, dated April 18, 2009.