This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

RLJ Entertainment Appoints Miguel Penella CEO

RLJ Entertainment Inc., (NASDAQ: RLJE), announced today that it has named Miguel Penella as its Chief Executive Officer. Mr. Penella most recently served as President and Chief Operating Officer of RLJ Entertainment and is succeeding Theodore S. Green, who is leaving RLJ Entertainment by mutual agreement.

RLJ Entertainment was formed in 2012 through the three-way combination of RLJ Acquisition, Inc., Image Entertainment, Inc. and Acorn Media Group and is a premier independent licensee and distributor of entertainment content and programming in North America, the United Kingdom and Australia with over 5,200 exclusive titles. Under the leadership of Robert L. Johnson, Executive Chairman of RLJ Entertainment and Mr. Penella, the Company will be focused on driving growth through the development of additional lifestyle entertainment services for targeted audiences in a range of areas including the urban and Hispanic markets and by using new technologies to deliver that content to consumers across multiple platforms.

Mr. Penella served as chief executive officer of Acorn, where he oversaw operations and was the driving force behind the worldwide expansion of both the Acorn and Acacia brands, which are leaders in the multiplatform distribution of British mysteries and drama and health and fitness content. From 2004 to April of 2007, Mr. Penella was president of Acorn’s direct-to-consumer operations developing the strategy which led to revenue and free cash flow growth through the distribution of more than 17 million catalogs in 2006 an increase of 80 percent in just two years.

Commenting on Mr. Penella’s appointment, Johnson said, “Miguel is a very accomplished executive with a clear understanding of strategy, operations and finance. We believe he will be an outstanding leader and important partner in the growth and development of RLJ Entertainment as we intensify our focus on developing new lifestyle focused entertainment services. Miguel and I share the same vision for the future of the company and are focused on capitalizing on our expertise in acquiring, distributing and developing entertainment content that uses new technology to reach targeted audiences and establishes a very loyal, passionate following from these consumer groups. Miguel has a wealth of industry experience, an ability to understand and capitalize on digital distribution opportunities, and is a disciplined operator. We look forward to his leadership and his continued contributions to the growth of the business.”

1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,798.49 -14.90 -0.08%
S&P 500 2,090.11 +1.24 0.06%
NASDAQ 5,127.5250 +11.3820 0.22%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs