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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): April 1, 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">
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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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<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>
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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: 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>


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    <TD nowrap>(Former name or former address if changed since last report.)</TD>
</TR>
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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 Entry Into a Material Definitive Agreement.</B>


<P align="left" style="font-size: 10pt">On April&nbsp;1, 2009, Image Entertainment, Inc. (the &#147;Company&#148;) entered into a consulting agreement (the &#147;Consulting
Agreement&#148;) with EIM Capital Management, Inc. (&#147;EIM&#148;). EIM is wholly-owned and managed by Martin W. Greenwald, who is
Chairman of the Company&#146;s board of directors (the &#147;Board&#148;). Under the Consulting Agreement, EIM will receive a monthly
fee of $35,000 in return for the following strategic consulting services provided by Mr.&nbsp;Greenwald on a non-exclusive
basis: (i)&nbsp;creation of a conduit and exchange of ideas between Company management and the Board to reposition the
Company to access additional capital; (ii)&nbsp;identification of opportunities to reduce Company expenditures; (iii)
identification of opportunities to create additional revenue; and (iv)&nbsp;collaboration with the Company&#146;s President and
Chief Operating Officer to streamline certain Company operations, raise efficiency and lower overall costs to the
Company. In addition to payment of a monthly fee, the Company will reimburse the Consultant for out-of-pocket expenses
reasonably incurred in connection with the Consultant&#146;s services to the Company. However, any single expense of $500
or more or travel expenses over $1,000 must be pre-approved in writing by the Company&#146;s President. The Consultant will
have use of a Company car until May&nbsp;31, 2009.


<P align="left" style="font-size: 10pt; text-indent: 4%">The term of the Consulting Agreement ends July&nbsp;31, 2009, but is subject to the Compensation Committee of the
Board&#146;s option to extend the Consulting Agreement on a month-to-month basis with thirty (30)&nbsp;days prior written notice
to the Consultant. The Consultant and the Company have the right to terminate the Consulting Agreement upon thirty
(30)&nbsp;days prior written notice following a Change in Control in the Company, as such term is defined in the Consulting
Agreement. The Consultant has agreed to keep confidential certain non-public information relating to the Company, its
business, vendors, customers and/or suppliers.


<P align="left" style="font-size: 10pt; text-indent: 4%">The foregoing description of the Consulting Agreement does not purport to be complete and is qualified in its
entirety by reference to the Consulting Agreement, which is attached hereto as Exhibit&nbsp;10.1.


<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;99.1 and incorporated herein by reference is a copy of a press release issued by the
Company on April&nbsp;2, 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.

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    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Exhibit No.</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Exhibit Description</B></TD>
</TR>

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<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consulting Agreement, dated as of April&nbsp;1, 2009, between the
Company and EIM Capital Management, Inc.</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">Press release, dated April&nbsp;2, 2009.</TD>
</TR>
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</DIV>

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

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

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    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" colspan="3"><B>IMAGE ENTERTAINMENT, INC.</B></TD>
</TR>

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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"></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">Dated: April&nbsp;3, 2009
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">/s/ MICHAEL B. BAYER</TD>
</TR>
<TR style="font-size: 1px">
    <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 nowrap colspan="2" align="left" valign="top" style="border-top: 1px solid #000000">&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">Name 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">Title: Corporate Secretary</TD>
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<P align="center" style="font-size: 10pt">&nbsp;

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


<DIV align="center">
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    <TD width="8%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="87%">&nbsp;</TD>
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<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Exhibit No.</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Description</B></TD>
</TR>

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<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consulting Agreement, dated as of April&nbsp;1, 2009, between the
Company and EIM Capital Management, Inc.</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">Press release, dated April&nbsp;2, 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): April 1, 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 Entry Into a Material Definitive Agreement.
On April 1, 2009, Image Entertainment, Inc. (the "Company") entered into a consulting agreement (the "Consulting
Agreement") with EIM Capital Management, Inc. ("EIM"). EIM is wholly-owned and managed by Martin W. Greenwald, who is
Chairman of the Company's board of directors (the "Board"). Under the Consulting Agreement, EIM will receive a monthly
fee of $35,000 in return for the following strategic consulting services provided by Mr. Greenwald on a non-exclusive
basis: (i) creation of a conduit and exchange of ideas between Company management and the Board to reposition the
Company to access additional capital; (ii) identification of opportunities to reduce Company expenditures; (iii)
identification of opportunities to create additional revenue; and (iv) collaboration with the Company's President and
Chief Operating Officer to streamline certain Company operations, raise efficiency and lower overall costs to the
Company. In addition to payment of a monthly fee, the Company will reimburse the Consultant for out-of-pocket expenses
reasonably incurred in connection with the Consultant's services to the Company. However, any single expense of $500
or more or travel expenses over $1,000 must be pre-approved in writing by the Company's President. The Consultant will
have use of a Company car until May 31, 2009.
The term of the Consulting Agreement ends July 31, 2009, but is subject to the Compensation Committee of the
Board's option to extend the Consulting Agreement on a month-to-month basis with thirty (30) days prior written notice
to the Consultant. The Consultant and the Company have the right to terminate the Consulting Agreement upon thirty
(30) days prior written notice following a Change in Control in the Company, as such term is defined in the Consulting
Agreement. The Consultant has agreed to keep confidential certain non-public information relating to the Company, its
business, vendors, customers and/or suppliers.
The foregoing description of the Consulting Agreement does not purport to be complete and is qualified in its
entirety by reference to the Consulting Agreement, which is attached hereto as Exhibit 10.1.
Item 8.01. Other Exhibits.
Attached hereto as Exhibit 99.1 and incorporated herein by reference is a copy of a press release issued by the
Company on April 2, 2009.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No.
Exhibit Description
10.1
Consulting Agreement, dated as of April 1, 2009, between the
Company and EIM Capital Management, Inc.
99.1
Press release, dated April 2, 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 3, 2009
By:
/s/ MICHAEL B. BAYER
Name Michael B. Bayer
Title: Corporate Secretary
EXHIBIT INDEX
Exhibit No.
Description
10.1
Consulting Agreement, dated as of April 1, 2009, between the
Company and EIM Capital Management, Inc.
99.1
Press release, dated April 2, 2009.