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MITSUBISHI PURCHASES EQUITY INTEREST IN IMAGE ENTERTAINMENT

 MITSUBISHI PURCHASES EQUITY INTEREST IN IMAGE ENTERTAINMENT
 TOKYO, March 5 /PRNewswire/ -- The following is a revised version of a previously run release:
 Lee H. Kasper, Image's executive vice president, announced today that Mitsubishi Corp. and Mitsubishi Plastics Industries Ltd. have agreed to purchase, in a private placement, $4 million worth of Image Entertainment restricted common stock.
 In addition, Image has entered into a nonexclusive laserdisc manufacturing agreement with Mitsubishi Corp. which will increase the volume of image laserdiscs manufactured at Mitsubishi's state-of-the- art pressing facility. The terms of the manufacturing agreement were not disclosed.
 Martin W. Greenwald, Image's chairman and chief executive officer, said, "We are delighted with our association with Mitsubishi. Through their purchase of Image common stock, they have expressed their confidence in Image's long-term potential in the laserdisc industry. Mitsubishi's $4 million investment will help Image further expand its presence as one of the largest laserdisc licensees and distributors in the United States."
 Commenting on the agreement, Kasper said, "We are pleased to solidify and expand our relationship with Mitsubishi which began last year. We have been impressed with their high quality laserdiscs, exceptional service and on-time delivery. As continued growth in the laserdisc industry leads to increased manufacturing demands, we are now allied with one of the largest industrial companies in the world."
 Mitsubishi Corp. is a multinational trading company engaged in a wide range of trade and investment in various fields such as consumer electronics, communication and information business. Mitsubishi Plastics is a leading manufacturer of plastic products, recently focusing on information media and electronics material.
 The $4 million transaction represents a purchase of 380,952 shares of Image Entertainment restricted common stock at $10.50 per share.
 Image Entertainment has an estimated 35-40 percent share of the domestic laserdisc market. The company has the most extensive library of titles and exclusive licensing and distribution agreements with some of the most important suppliers of movies, music videos and specialty programming, including Disney's Buena Vista Home Video, FoxVideo, Hanna-Barbera Home Video, Orion Home Video, Turner Home Video and SONY Music Video. The company's common stock trades on the NASDAQ national Market System (Symbol: DISK).
 -0- 3/5/92
 /CONTACT: David DelGrosso (Media), 818-407-9100, Ext. 275; or Cheryl Lee (Investor Relations), 818-407-9100, Ext. 256), both of Image Entertainment/
 (DISK) CO: DelGrosso Corporation; Image Entertainment ST: IN: ENT SU:


RM -- SF002 -- 5846 03/06/92 12:03 EST
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Publication:PR Newswire
Date:Mar 6, 1992
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