Image Entertainment Amends Convertible Note

Amendment Grants Further Extension to Deadline for Installment Payment of
Principal
CHATSWORTH, Calif.--(Business Wire)--
Image Entertainment, Inc. (NASDAQ:DISK), a leading independent licensee and
distributor of entertainment programming in North America, announced today that
it has entered into an Amendment Agreement (the "Amendment Agreement") with the
holder (the "Holder") of its 8.875% senior convertible note due August 30, 2011
in the principal amount of $15,700,792.60 (the "Note"). The Amendment Agreement
amends the Note to change the dates on which the Holder may request the next
installment payment under the Note. Upon delivery of appropriate notice, the
Holder may now require a $4 million principal payment (plus accrued interest) on
November 15, 2009 rather than October 30, 2009. The $4 million principal payment
may be further deferred until November 30, 2009 if the Company enters into a
written agreement with a bona fide purchaser prior to November 15, 2009, that
would result in a change of control of the Company. The November 30, 2009
installment payment date may be accelerated to any date after November 15, 2009,
but before November 30, 2009, if the written agreement with the bona fide
purchaser has been terminated or otherwise ceases to be in full force and
effect. The Amendment Agreement also amended the time period by which the Holder
must provide notice to the Company of its determination to request an
installment payment from five trading days prior to the installment payment date
to two trading days.

About Image Entertainment:

Image Entertainment, Inc. is a leading independent licensee and distributor of
entertainment programming in North America, with approximately 3,200 exclusive
DVD titles and approximately 340 exclusive CD titles in domestic release and
approximately 400 programs internationally via sublicense agreements. For many
of its titles, the Company has exclusive audio and broadcast rights and, through
its subsidiary, Egami Media, Inc. has digital download rights to approximately
2,000 video programs and over 300 audio titles containing more than 5,100
individual tracks. The Company is headquartered in Chatsworth, California. For
more information about Image Entertainment, Inc., please go to
www.image-entertainment.com.

Forward-Looking Statements:

This press release includes forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995 relating to, among other
things, the Company`s goals, plans and projections regarding the Company`s
evaluation of its strategic alternatives, payment of the Portside Note,
financial position, results of operations, market position, product development
and business strategy. These statements may be identified by the use of words
such as "will," "may," "estimate," "expect," "intend," "plan," "believe," and
other terms of similar meaning in connection with any discussion of future
operating or financial performance or other events or developments. All
forward-looking statements are based on management`s current expectations and
involve inherent risks and uncertainties, including factors that could delay,
divert or change any of them, and could cause actual outcomes and results to
differ materially from current expectations.

These factors include, but are not limited to, (a) the Company`s ability to
continue as a going concern, (b) the Company`s ability to secure media content
on acceptable terms, (c) the Company`s ability to service it`s principal and
interest obligations on it`s outstanding debt or otherwise renegotiate or
refinance such outstanding debt, (d) the ability of the Company`s common stock
to continue trading on NASDAQ, (e) changes in the retail DVD and digital media
and entertainment industries, (f) changes in the Company`s business plan, (g)
the Company`s limited working capital and the Company`s inability to raise
additional working capital on acceptable terms or at all, (h) the Company`s
ability to borrow against the Company`s revolving line of credit, (i) heightened
competition, including with respect to pricing, entry of new competitors, the
development of new products by new and existing competitors, (j) changes in
general economic conditions, including the performance of financial markets and
interest rates, (k) difficult, adverse and volatile conditions in the global and
domestic capital and credit markets, (l) claims that the Company infringed other
parties` intellectual property, (m) changing public and consumer taste and
changes in customer spending patterns, (n) decreasing retail shelf space for the
Company`s industry, (o) the performance of business partners upon whom the
Company depends upon, (p) changes in accounting standards, practices or
policies, (q) adverse results or other consequences from litigation, arbitration
or regulatory investigations, and (r) further sales or dilution of the Company`s
equity, which may adversely affect the market price of the Company`s common
stock.

For further details and a discussion of these and other risks and uncertainties,
see "Forward-Looking Statements" and "Risk Factors" in the Company`s most recent
Annual Report on Form 10-K, and the Company`s most recent Quarterly Reports on
Form 10-Q. Many of the factors that will determine the outcome of the subject
matter of this press release are beyond Image Entertainment`s ability to control
or predict. Actual results for the periods identified may differ materially from
management`s expectations. Unless otherwise required by law, the Company
undertakes no obligation to publicly update any forward-looking statement,
whether as a result of new information, future events or otherwise.

The Honig Company, Inc.
Steve Honig, 818-986-4300
press@honigcompany.com

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