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

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

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

<P style="font-size: 10pt" align="center"><B>Date of Report (Date of earliest
event reported): April 14, 2009</B>



<P style="font-size: 24pt" align="center"><B>IMAGE ENTERTAINMENT,
INC.<BR>
</B><FONT style="font-size: 10pt">(Exact name of registrant as
specified in its charter) </FONT>
<TABLE style="font-size: 10pt; text-align: center" cellspacing="0"
cellpadding="0" width="100%" border="0">

 <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: #000000 1px solid"><B>Delaware</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid"><B>000-11071</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid"><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 style="font-size: 10pt; text-align: center" cellspacing="0"
cellpadding="0" width="100%" border="0">

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  <TD width="49%">&nbsp;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD width="49%">&nbsp;</TD>
 </TR>
 <TR valign="bottom">
  <TD style="border-bottom: #000000 1px solid"><B>20525 Nordhoff Street, Suite
200<BR>
Chatsworth, California<BR>
</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid"><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 style="font-size: 10pt" align="center">Registrant&#8217;s telephone number,
including area code: <B>(818) 407-9100</B>
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cellpadding="0" width="30%" border="0">

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  <TD width="100%">&nbsp;</TD>
 </TR>
 <TR>
  <TD style="border-bottom: #000000 1px solid" nowrap><B>&nbsp;</B></TD>
 </TR>
 <TR>
  <TD nowrap>(Former name or former address if changed since last report.)</TD>
 </TR>

</TABLE>


<P style="font-size: 10pt" align="left">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 style="font-size: 10pt" align="left"><FONT face="Wingdings">o</FONT> Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)<BR>
<BR>
<FONT face="Wingdings">o</FONT> Soliciting material pursuant
to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<BR>
<BR>
<FONT
face="Wingdings">o</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">o</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 style="font-size: 10pt" align="center">&nbsp;

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

<P style="font-size: 10pt; text-indent: 4%" align="left">On April&nbsp;14,
2009, Image Entertainment, Inc. (the &#8220;<U>Company</U>&#8221;) entered into
the Fourth Amendment (the &#8220;<U>Amendment</U>&#8221;) to that Agreement and
Plan of Merger, dated November&nbsp;20, 2008, as amended on February&nbsp;27,
2009, March&nbsp;24, 2009, and April&nbsp;8, 2009, with Nyx Acquisitions, Inc.
(&#8220;Nyx&#8221;), and The Conceived Group, Inc., a wholly-owned subsidiary
of Nyx (as amended, the &#8220;<U>Merger Agreement</U>&#8221;).

<P style="font-size: 10pt; text-indent: 4%" align="left">Pursuant to the terms
of the Amendment, Nyx authorized the release to the Company of the remaining
$1.5&nbsp;million currently held in trust to secure payment of the
business interruption fee (the &#8220;<U>Full Release of Deposit</U>&#8221;).
Accordingly, the parties entered into the Fourth Amended and Restated
Irrevocable Trust Instructions, dated April&nbsp;14, 2009 (the &#8220;<U>Trust
Instructions</U>&#8221;), whereby Nyx transferred to the Company all right,
title and interest in the remaining $1.5&nbsp;million (the &#8220;<U>Full
Release Amount</U>&#8221;), irrevocably authorized and instructed the trustee
to take instruction solely from the Company with respect to the Full Release
Amount, and released all claims against the Company with respect to the Full
Release Amount.

<P style="font-size: 10pt; text-indent: 4%" align="left">In addition, Nyx is
required to pay the Company $1.0&nbsp;million (the &#8220;<U>Fifth
Payment</U>&#8221;) directly into an account designated by the Company prior to
12:00&nbsp;p.m. local time on April&nbsp;17, 2009 (the &#8220;<U>Fifth Payment
Deadline</U>&#8221;), in order to receive an extension of the closing date of
the merger (the &#8220;<U>Scheduled Closing Date</U>&#8221;) to April&nbsp;20,
2009. Under the Amendment, the Company may now terminate the Merger Agreement
if (i)&nbsp;Nyx has not released $1.0&nbsp;million of the deposit
securing the business interruption fee to the Company by 5:00 p.m.
local time on March&nbsp;25, 2009; (ii)&nbsp;Nyx has not authorized the Full Release of Deposit by 5:00 p.m.
local time on April&nbsp;14, 2009; (iii)&nbsp;Nyx has not paid the Company the
Fifth Payment by the Fifth Payment Deadline; or (iv)&nbsp;the merger has not
been consummated on or prior to the Scheduled Closing Date, other than as a
result of the Company&#8217;s refusal to close in violation of the Merger
Agreement.

<P style="font-size: 10pt; text-indent: 4%" align="left">Neither the Fifth
Payment nor the Full Release Amount will be paid to the paying agent, form part
of the merger consideration or option consideration payable to stockholders on
closing, or be refunded to Nyx, and will have no effect on
the purchase price under the Merger Agreement, which remains $2.75 per share.
Nyx will not receive any capital securities or debt obligation from Image for
the payments.

<P style="font-size: 10pt; text-indent: 4%" align="left">All other provisions
of the Merger Agreement remain in place. Nyx also has an opportunity to
further extend the Scheduled Closing Date to May&nbsp;4, 2009 if Nyx
(i)&nbsp;delivers written notice to the Company requesting such an extension by
5:00 p.m. on April&nbsp;16, 2009, (ii)&nbsp;agrees to increase the business
interruption fee by an additional $3.0 million, and (iii)&nbsp;deposits the
additional $3.0&nbsp;million into the trust account to secure the business
interruption fee by 5:00 p.m. local time on April&nbsp;20, 2009.

<P style="font-size: 10pt; text-indent: 4%" align="left">The foregoing summary
of the Amendment does not purport to be complete and is subject, and qualified
in its entirety by, the full text of the Amendment, which is attached hereto as
Exhibit&nbsp;2.1 and incorporated herein by reference.

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

<P style="font-size: 10pt; text-indent: 4%" align="left">Attached hereto as
Exhibits 99.1, 99.2, and 99.3 and incorporated herein by reference are copies of three
press releases issued by the Company on April&nbsp;14, 2009, April&nbsp;15, 2009 and April 16, 2009, respectively.

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

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

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  <TD valign="top" style="border-bottom: 1px solid #000000">
<DIV
style="margin-left: 0px; text-indent: 0px">Exhibit&nbsp;Number&nbsp;</DIV>
</TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left" style="border-bottom: 1px solid #000000">Exhibit Description</TD>
 </TR>
 <TR valign="bottom">
  <TD valign="top">
<DIV style="margin-left: 0px; text-indent: 0px">2.1 </DIV>
</TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">Fourth Amendment to Agreement and Plan of
Merger, dated April&nbsp;14, 2009.</TD>
 </TR>
 <TR valign="bottom">
  <TD valign="top">
<DIV style="margin-left: 0px; text-indent: 0px">99.1 </DIV>
</TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">Press release, dated April&nbsp;14, 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 valign="top" align="left">Press release, dated April&nbsp;15, 2009.</TD>
 </TR>

 <TR valign="bottom">
  <TD valign="top">
<DIV style="margin-left: 0px; text-indent: 0px">99.3</DIV>
</TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">Press release, dated April&nbsp;16, 2009.</TD>
 </TR>


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

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

<P style="font-size: 10pt; text-indent: 4%" align="left">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 style="font-size: 10pt; margin-left: 46%" align="left"><B>IMAGE
ENTERTAINMENT, INC.</B>

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

 <TR
style="font-size: 10pt; background: none transparent scroll repeat 0% 0%; color: #000000"
valign="top">
  <TD nowrap align="left" colspan="2" width="3%">Dated: April&nbsp;17, 2009</TD>
 </TR>

</TABLE>


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

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

<P style="display: none; font-size: 10pt" align="center">3
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<P style="font-size: 10pt" align="center"><B>EXHIBIT INDEX</B>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" cellpadding="0" width="100%"
border="0">
<!-- Begin Table Head -->

 <TR valign="bottom">
  <TD width="8%">&nbsp;</TD>
  <TD width="5%">&nbsp;</TD>
  <TD width="87%">&nbsp;</TD>
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 <TR valign="bottom">
  <TD valign="top" style="border-bottom: 1px solid #000000">
<DIV
style="margin-left: 0px; text-indent: 0px"><B>Exhibit&nbsp;No.</B>&nbsp;</DIV>
</TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="center" style="border-bottom: 1px solid #000000"><B>Description</B></TD>
 </TR>
 <TR valign="bottom">
  <TD valign="top">
<DIV style="margin-left: 0px; text-indent: 0px">2.1 </DIV>
</TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">Fourth Amendment to Agreement and Plan of
Merger, dated April&nbsp;14, 2009.</TD>
 </TR>
 <TR valign="bottom">
  <TD valign="top">
<DIV style="margin-left: 0px; text-indent: 0px">99.1 </DIV>
</TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">Press release, dated April&nbsp;14, 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 valign="top" align="left">Press release, dated April&nbsp;15, 2009.</TD>
 </TR>

 <TR valign="bottom">
  <TD valign="top">
<DIV style="margin-left: 0px; text-indent: 0px">99.3</DIV>
</TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">Press release, dated April&nbsp;16, 2009.</TD>
 </TR>
<!-- End Table Body -->

</TABLE>
</DIV>

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

<P style="display: none; font-size: 10pt" align="center">4
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{"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": "09757077"}, "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 14, 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 1.01 Amendment of a Material Definitive Agreement.
On April 14,
2009, Image Entertainment, Inc. (the "
Company
") entered into
the Fourth Amendment (the "
Amendment
") to that Agreement and
Plan of Merger, dated November 20, 2008, as amended on February 27,
2009, March 24, 2009, and April 8, 2009, with Nyx Acquisitions, Inc.
("Nyx"), and The Conceived Group, Inc., a wholly-owned subsidiary
of Nyx (as amended, the "
Merger Agreement
").
Pursuant to the terms
of the Amendment, Nyx authorized the release to the Company of the remaining
$1.5 million currently held in trust to secure payment of the
business interruption fee (the "
Full Release of Deposit
").
Accordingly, the parties entered into the Fourth Amended and Restated
Irrevocable Trust Instructions, dated April 14, 2009 (the "
Trust
Instructions
"), whereby Nyx transferred to the Company all right,
title and interest in the remaining $1.5 million (the "
Full
Release Amount
"), irrevocably authorized and instructed the trustee
to take instruction solely from the Company with respect to the Full Release
Amount, and released all claims against the Company with respect to the Full
Release Amount.
In addition, Nyx is
required to pay the Company $1.0 million (the "
Fifth
Payment
") directly into an account designated by the Company prior to
12:00 p.m. local time on April 17, 2009 (the "
Fifth Payment
Deadline
"), in order to receive an extension of the closing date of
the merger (the "
Scheduled Closing Date
") to April 20,
2009. Under the Amendment, the Company may now terminate the Merger Agreement
if (i) Nyx has not released $1.0 million of the deposit
securing the business interruption fee to the Company by 5:00 p.m.
local time on March 25, 2009; (ii) Nyx has not authorized the Full Release of Deposit by 5:00 p.m.
local time on April 14, 2009; (iii) Nyx has not paid the Company the
Fifth Payment by the Fifth Payment Deadline; or (iv) 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.
Neither the Fifth
Payment nor the Full Release Amount will be paid to the paying agent, form part
of the merger consideration or option consideration payable to stockholders on
closing, or be refunded to Nyx, and will have no effect on
the purchase price under the Merger Agreement, which remains $2.75 per share.
Nyx will not receive any capital securities or debt obligation from Image for
the payments.
All other provisions
of the Merger Agreement remain in place. Nyx also has an opportunity to
further extend the Scheduled Closing Date to May 4, 2009 if Nyx
(i) delivers written notice to the Company requesting such an extension by
5:00 p.m. on April 16, 2009, (ii) agrees to increase the business
interruption fee by an additional $3.0 million, and (iii) deposits the
additional $3.0 million into the trust account to secure the business
interruption fee by 5:00 p.m. local time on April 20, 2009.
The foregoing summary
of the Amendment does not purport to be complete and is subject, and qualified
in its entirety by, the full text of the Amendment, which is attached hereto as
Exhibit 2.1 and incorporated herein by reference.
Item 8.01. Other Exhibits.
Attached hereto as
Exhibits 99.1, 99.2, and 99.3 and incorporated herein by reference are copies of three
press releases issued by the Company on April 14, 2009, April 15, 2009 and April 16, 2009, respectively.
Item 9.01. Financial Statements
and Exhibits.
(d) Exhibits.
Exhibit Number
Exhibit Description
2.1
Fourth Amendment to Agreement and Plan of
Merger, dated April 14, 2009.
99.1
Press release, dated April 14, 2009.
99.2
Press release, dated April 15, 2009.
99.3
Press release, dated April 16, 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 17, 2009
By:
/s/ MICHAEL B.
BAYER
Name Michael B. Bayer
Title: Corporate Secretary
EXHIBIT INDEX
Exhibit No.
Description
2.1
Fourth Amendment to Agreement and Plan of
Merger, dated April 14, 2009.
99.1
Press release, dated April 14, 2009.
99.2
Press release, dated April 15, 2009.
99.3
Press release, dated April 16, 2009.