RLJ ENTERTAINMENT, INC. (NASDAQ:RLJE) Files An 8-K Results of Operations and Financial Condition

Item 2.02. Results of Operations and Financial Condition.

On March 23, 2017 RLJ Entertainment, Inc., a Nevada corporation,
(the Company), issued a press release announcing its operating
results for the year ended December 31, 2016. A copy of the press
release is furnished as Exhibit 99.1 attached hereto and is
incorporated by reference in its entirety into this Item 2.02 of
this Current Report on Form 8-K.

The information contained in this Item 2.02 and Exhibit 99.1 is
being furnished and shall not be deemed to be filed for purposes
of Section 18 of the Securities Exchange Act or otherwise subject
to the liability of that section. Such information shall not be
incorporated by reference in any filing of the Company, whether
made before or after the date hereof, regardless of any general
incorporation language in such filing, except as otherwise
expressly set forth by specific reference in such a filing.

Adjusted EBITDA and Other Non-GAAP Measures

In the press release, the Company discloses Adjusted EBITDA which
is a non-GAAP financial measure, as defined in Regulation G
promulgated by the Securities and Exchange Commission. A
reconciliation of Adjusted EBITDA to net loss is included in page
6 of Exhibit 99.1.

This non-GAAP financial measure, Adjusted EBITDA, is in addition
to, not an alternative for, or superior to, measures of financial
performance prepared in accordance with accounting principles
generally accepted in the United States of America (or U.S.
GAAP). In addition, this non-GAAP measure is not based on any
comprehensive set of accounting rules or principles. The Company
believes that this non-GAAP measure has limitations in that it
does not reflect all of the amounts associated with the Companys
results of operations as determined in accordance with GAAP and
that this measure should only be used to evaluate the Companys
results of operations in conjunction with corresponding GAAP
measures.

The Company believes Adjusted EBITDA to be a meaningful indicator
of our performance that provides useful information to investors
regarding our financial condition and results of operations
because it removes material noncash items and allows investors to
analyze the operating performance of the business using the same
metric management uses. The exclusion of noncash items better
reflects our ability to make investments in the business and meet
obligations. Adjusted EBITDA is a non-GAAP financial measure
commonly used in the entertainment industry and by financial
analysts and others who follow the industry to measure operating
performance. The Company uses this measure to assess operating
results and performance of its business, perform analytical
comparisons, identify strategies to improve performance and
allocate resources to its business segments. While the Company
considers Adjusted EBITDA to be an important measure of
comparative operating performance, it should be considered in
addition to, but not as a substitute for, net income and other
measures of financial performance reported in accordance with
U.S. GAAP. Not all companies calculate Adjusted EBITDA in the
same manner, and the measure, as presented, may not be comparable
to similarly-titled measures presented by other companies.

Item 9.01. Financial Statements and Exhibits.

(d)Exhibits

About RLJ ENTERTAINMENT, INC. (NASDAQ:RLJE)

RLJ Entertainment, Inc. (RLJE) is a global entertainment content distribution company. RLJE is a film and television licensee focusing on action, thriller and horror independent feature films. RLJE operates through three segments: Intellectual Property (IP) Licensing; Wholesale, and Direct-to-Consumer. The IP Licensing segment includes IP rights that the Company owns, produces and then exploits in various formats, including digital versatile disc, Blu-ray, digital, broadcast, video on demand, streaming video, downloading and sublicensing. The Wholesale segment exploits the content to third parties, such as Walmart, Best Buy, Target, Amazon and Costco, while the Direct-to-Consumer segment distributes directly to the consumer through different exploitation channels. The Direct-to-Consumer segment distributes film and television content through its subscription-based, digitally streaming channels (Acorn TV and Urban Movie Channel (UMC)), its e-commerce Websites and mail-order catalogs.

RLJ ENTERTAINMENT, INC. (NASDAQ:RLJE) Recent Trading Information

RLJ ENTERTAINMENT, INC. (NASDAQ:RLJE) closed its last trading session down -0.02 at 2.42 with 6,876 shares trading hands.