RLJ ENTERTAINMENT ANNOUNCES DIGITAL CHANNEL SUBSCRIBERS MORE THAN DOUBLED IN 2016
Acorn TV Exceeded 430,000 Subscribers; More Than Double from Prior Year
UMC Exceeded 20,000 Subscribers; Increase of Four Times from Prior Year
SILVER SPRING, MD – January 17, 2017 – RLJ Entertainment Inc., (“RLJ Entertainment,” “RLJE” or “the Company”) (NASDAQ: RLJE), today announced that its proprietary digital channels, Acorn TV and UMC, realized subscriber growth that exceeded 2016 year-end expectations.
Subscribers for both channels more than doubled year over year in 2016. Acorn TV more than doubled to over 430,000 subscribers from over 195,000 subscribers at the end of 2015. UMC subscribers quadrupled to over 20,000 subscribers from approximately 5,000 subscribers at the end of 2015.
“We believe the rapid growth in subscribers confirms our strategy to bring high quality niche content to passionate audiences,” said Miguel Penella, Chief Executive Officer of RLJ Entertainment.
The growth in Acorn TV subscribers continues this month driven by this month’s four exclusive U.S. premieres on the channel including an Acorn TV Original movie Agatha Christie’s The Witness for the Prosecution starring Toby Jones and Kim Cattrall (Sex and the City) in a new critically-acclaimed adaptation of the best-selling novelist’s iconic short story, which premieres on Monday, January 30th. Other exclusive premieres on Acorn TV in January were the hugely popular Canadian period mystery series Murdoch Mysteries, Season 10 (aka The Artful Detective); the return of Australia’s #1 new drama, 800 Words; and the season finale of the edge-of-your-seat British thriller The Level (an Acorn TV Original) starring Karla Crome, Robert James-Collier (Thomas on Downton Abbey) and Noel Clarke.