Image Revenue Meets Guidance

Image Entertainment Inc. anticipates hitting its revenue guidance for the fiscal year, the company announced. The Chatsworth-based producer and distributor of home entertainment programming set its revenues at between $129 million and $131 million for the year ending March 31. The company projects that revenues will exceed $129 million. Financial information for the fiscal year will be released June 29. Image recently terminated a planned merger with another entertainment company and now focuses on assessing business, capital needs and strategic alternatives, said President and CFO Jeff M. Framer. “Even in this very challenging business climate we are working diligently to chart the best course for the Company and its stockholders,” Framer said. Mark R. Madler