NEW YORK, July 30, 2018 – The following statement is being issued by Levi & Korsinsky, LLP:
To: All Persons or Entities who purchased RLJ Entertainment, Inc. (“RLJ Entertainment” or the “Company”) (NASDAQ: RLJE) stock prior to July 30, 2018. You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of RLJ Entertainment to AMC Networks Inc. (NASDAQGS: AMCX) for $6.25 per share. Holders of the Company’s outstanding preferred stock may elect to receive $7.8125 or a share of preferred stock in the post-merger entity for each share of preferred common stock they own. To learn more about the action and your rights, go to: http://www.zlk.com/mna/rlj-entertainment-inc or contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you. The RLJ Entertainment merger investigation concerns whether the Board of RLJ Entertainment breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether AMC Networks Inc. is underpaying for RLJ Entertainment shares, thus unlawfully harming RLJ Entertainment shareholders.