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North American video distributor Image Entertainment has amended its merger agreement with an investor group led by David Bergstein to give Image investors more cash per share and to allow them to retain a minority interest in the merged operation.BTP Acquisition Company, the group led by Capitol Films and THINKfilm owner Bergstein, had already elected to <a href=https://www.cups-stanley.ca>stanley cup keep Image a publicly traded company with a NASDAQ listing. Now Image stockholders will receive the same aggregate cash consideration as under the original merger agreement, but also will retain between 5% and 9% of their common shares in the post stanley cup -transaction company.For example, a stockholder owning 100 shares of Image common stock who would have received $440 in cash under the original merger agreement will now receive $440 in cash for 94 shares ie $4.68 per share and also retain 6 common shares in the merged company.Completion of the amended transaction is subject to regulatory review and stockholder approval. The transaction is currently expected to close by September 30, 2007.California-based Image has approximately 3,000 exclusive DVD titles and 250 exclusive CD titles in domestic releas stanley cup e and approximately 450 programmes internationally via sublicense agreements.TopicsAmericasUnited States No comments Related articles Iock Incredible opening of $70.7m for Disney and Pixar
South Koreancomedy Everybody Has Secrets -- an official remake of GerardStembridge s Irish-UK co-production About Adam 2000 -- has clinchedKorea s biggest ever sale to Japan.Amuse Soft Entertainmentbought the title for a $2.5m guarantee together with a commitment to spend atleast $3m in pa costs. The salewas handled directly by Chung Tae-won, head of the film s production companyTaewon Entertainment, on a recent trip to Japan. Amuse Sof <a href=https://www.cups-stanley.fr>stanley cup t not to be confused with Amuse Pictures which has since been renamed Toshiba Entertainment bought it on the basis of a 30-minute collection offootage.The terms follow atrend among recent sales to Japan in which a sizeable guarantee is accompaniedby incentives or commitments to spend a significant sum on pam stanley cup p;a costs.Internationalsales to other territories are handl stanley mug ed by the film s distributor CinemaService, which will release the film in Korea on July 30.The high sum paidfor a film that cost only $3m to make points to the increasing drawing power ofKorean stars in Japan. Two of thefilm s leads, Lee Byung-heon and Choi Ji-woo have starred in TV dramas that havescored high ratings in Japan.Everybody HasSecrets tells the story ofa suave charmer who gets engaged to one woman while simultaneously seducing hertwo older sisters.Chung said hebegan negotiating remake rights to About Adam shortly after the originalfilm s release. I knew thisconcept would work well in Korea, but it took us 2-3 years to finally get therights sorted out. The fil

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