News Corp. reveals 6.4% Image Entertainment stake

News Corp. holds an equivalent stake of 6.4% in the common shares of Image Entertainment Inc.

In a filing with the Securities & Exchange Commission, News Corp. said that warrants for 208,970 common shares became exercisable on July 15, bringing the company’s equivalent stake in Image Entertainment above 5%.

A unit of News Corp. received warrants for 1.67 million common shares of the company at $ 6 a share last July as part of a videodisk purchase and distribution agreement with the News Corp. unit.

Those warrants have been vesting in blocks, 12.5% of which became exercisable on July 15.

Currently, News Corp. holds the equivalent of 835,880 common shares of Image Entertainment from warrants that have become exercisable. According to the filing, News Corp. has no current intention of exercising the warrants.

More Biz

  • Richard Simmons

    Prosecutors Charge Private Eye With Illegal Spying on Richard Simmons

    News Corp. holds an equivalent stake of 6.4% in the common shares of Image Entertainment Inc. In a filing with the Securities & Exchange Commission, News Corp. said that warrants for 208,970 common shares became exercisable on July 15, bringing the company’s equivalent stake in Image Entertainment above 5%. A unit of News Corp. received […]

  • Lionsgate General Counsel Left Amid Allegations

    Lionsgate General Counsel Left Amid Allegations of Sexual Abuse

    News Corp. holds an equivalent stake of 6.4% in the common shares of Image Entertainment Inc. In a filing with the Securities & Exchange Commission, News Corp. said that warrants for 208,970 common shares became exercisable on July 15, bringing the company’s equivalent stake in Image Entertainment above 5%. A unit of News Corp. received […]

  • 'Hammerhead' Takes Top Honors at New

    'Hammerhead' Takes Top Honors at New York Television Festival

    News Corp. holds an equivalent stake of 6.4% in the common shares of Image Entertainment Inc. In a filing with the Securities & Exchange Commission, News Corp. said that warrants for 208,970 common shares became exercisable on July 15, bringing the company’s equivalent stake in Image Entertainment above 5%. A unit of News Corp. received […]

  • Radiohead Coachella

    Radiohead Demands Answers in Drum Technician's Death

    News Corp. holds an equivalent stake of 6.4% in the common shares of Image Entertainment Inc. In a filing with the Securities & Exchange Commission, News Corp. said that warrants for 208,970 common shares became exercisable on July 15, bringing the company’s equivalent stake in Image Entertainment above 5%. A unit of News Corp. received […]

  • Kevin Durant LeBron James

    Kevin Durant Praises LeBron James' Lakers Move

    News Corp. holds an equivalent stake of 6.4% in the common shares of Image Entertainment Inc. In a filing with the Securities & Exchange Commission, News Corp. said that warrants for 208,970 common shares became exercisable on July 15, bringing the company’s equivalent stake in Image Entertainment above 5%. A unit of News Corp. received […]

  • Kevin Durant Rich Kleiman

    Kevin Durant Shares His Media Biz Playbook at Variety Sports & Entertainment Breakfast

    News Corp. holds an equivalent stake of 6.4% in the common shares of Image Entertainment Inc. In a filing with the Securities & Exchange Commission, News Corp. said that warrants for 208,970 common shares became exercisable on July 15, bringing the company’s equivalent stake in Image Entertainment above 5%. A unit of News Corp. received […]

More From Our Brands

Access exclusive content