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Bankruptcy

Dec. 19, 2009

DVD Distributor in Default on Loan

Image Entertainment, a DVD distributor of independent films, stand-up comedy specials and several Discovery Network television shows, has indicated it could file for Chapter 11 following a $15.7 million loan default this week.

By Jean-Luc Renault

Daily Journal Staff Writer

LOS ANGELES - Image Entertainment, a DVD distributor with a library featuring independent films, stand-up comedy specials and several of the Discovery Network's television shows, has indicated it could file for Chapter 11 following a $15.7 million loan default earlier this week.

"The company does not currently have the funds, or access to the funds, necessary to repay all...

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