Image Entertainment Up for Sale?

[WTK]

via The Wrap

Bob Johnson In Talks to Buy Image Entertainment (Exclusive)
Published: March 29, 2012 @ 5:16 am

Bob Johnson, the founder of BET, is in talks to buy Image Entertainment, a home entertainment company with a deep library specializing in content for the African-American community, TheWrap has learned.

A spokeswoman for Image Entertainment confirmed that Johnson was in talks to buy the company, but said a deal was still several weeks away. "They are in talks," said the spokeswoman, without offering further detail.

A spokesman for Johnson could not immediately be reached.

A publicly traded company, Image Entertainment (NASDAQ: DISK) produces, distributes and licenses film & television productions in North America. It boasts more than 3,700 owned or licensed titles. The company's revenues decreased 4.4% in 2011 to $88,959,000 from $93,070,000 for fiscal 2010, according to the company's annual report. Its profit margin increased to 23% compared to 20.1% the year before...