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| T | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the Fiscal Year Ended December 31, 2012 |
|---|----------------------------------------------------------------------------------------------------------------------------------|

| £ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the Transition Period from............To............ |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| Nevada                                         |   | 45-4950432                              |
|------------------------------------------------|--------|-----------------------------------------|
| (State or other jurisdiction of incorporation) |   | (I.R.S. Employer Identification Number) |

| Large accelerated filer  o | Accelerated filer  o | Non- accelerated filer  o           | Smaller reporting company  þ |
|--------------------------------------|--------------------------------|-----------------------------------------------|---------------------------------------------|
|                                 |                           | (Do not check if a smaller reporting company) |                                        |

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| PART III   |     |                                                                                           | 4      |
|------------|----------|------------------------------------------------------------------------------------------------|--------|
|       |     |                                                                                           |   |
|       | ITEM 10. | Directors, Executive Officers and Corporate Governance                                         | 4      |
|       | ITEM 11. | Executive Compensation                                                                         | 8      |
|       | ITEM 12. | Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters | 11     |
|       | ITEM 13. | Certain Relationships and Related Transactions, and Director Independence                      | 13     |
|       | ITEM 14. | Principal Accountant Fees and Services                                                         | 15     |
|       |     |                                                                                           |   |
| PART IV    |     |                                                                                           | 16     |
|       |     |                                                                                           |   |
|       | ITEM 15. | Exhibits and Financial Statement Schedules                                                     | 16     |
|       |     |                                                                                           |   |
| SIGNATURES |     | 17                                                                                             |

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| PART III |
|----------|

| ITEM 10. | DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE |
|----------|--------------------------------------------------------|

| Name              | Director Since |   | Age    |   | Principal Occupation and Business ExperienceDuring Past Five Years and Other Directorships                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|-------------------|----------------|--------|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|              |           |   |   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
| Robert L. Johnson | 2012           |   | 67     |   | Mr. Johnson was appointed as the Company’s chairman in October 2012. From November 2010 to October 2012, Mr. Johnson served as the chairman of the board of RLJ Acquisition, Inc., a special purpose acquisition company that created the Company. Mr. Johnson founded The RLJ Companies, an innovative business network that owns or holds interests in a diverse portfolio of companies in the banking, private equity, real estate, hospitality, professional sports, film production, gaming, and automobile dealership industries, and has served as its chairman since February 2003. Prior to forming The RLJ Companies, Mr. Johnson was founder and chief executive officer of Black Entertainment Television (BET), which was acquired by Viacom Inc. in 2001. He continued to serve as chief executive officer of BET until February 2006. In July 2007, Mr. Johnson was named by USA Today as one of the 25 most influential business leaders of the past 25 years. Mr. Johnson currently serves on the boards of directors of RLJ Lodging Trust, KB Homes, Lowe’s Companies, Inc., Rollover Systems, Inc. and Strayer Education, Inc. He previously served as a director of Hilton Hotels Corporation, US Airways Group, Inc., General Mills, Inc. and IMG Worldwide, Inc.  We believe that Mr. Johnson’s professional background, his prior senior leadership positions at various companies, and current and past board positions, make him well qualified as a Chairman of the Company’s board of directors.                                                      |
|              |           |   |   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
| Miguel Penella    | 2012           |   | 44     |   | Mr. Penella was appointed as the Company’s Chief Executive Officer on January 18, 2013.  From October 2012 until January 18, 2013, Mr. Penella served as Chief Operating Officer. Mr. Penella has served as a director of the Company since October 2012. From April 2007 to October 2012, Mr. Penella served as chief executive officer of Acorn Media Group, Inc., which was acquired by the Company in October 2012, where he oversaw operations and was the driving force behind the worldwide expansion of both the Acorn and Acacia brands. From 2004 to April of 2007, Miguel was president of Acorn’s direct-to-consumer operations offering DVDs and other high quality products through catalogs and online marketing vehicles. Under his leadership, Acorn distributed more than 17 million catalogs in 2006, an increase of 80 percent in just two years. Mr. Penella came to Acorn from Time-Life where he rose in the ranks from circulation director of the catalog department to director of catalogs for the music division and then to vice president of customer marketing in 2001. Previously, he worked in catalog management for the National Direct Marketing Corporation and the National Wildlife Federation. A native of Valencia, Spain, Miguel has an MBA in international marketing and finance from Adelphi University. We believe that Mr. Penella’s professional background, his position in the Company and his prior senior leadership positions at various companies make him well qualified as a member of the Company’s board of directors. |

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| Name            | Director Since |   | Age    |   | Principal Occupation and Business ExperienceDuring Past Five Years and Other Directorships                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|-----------------|----------------|--------|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|            |           |   |   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| Peter Edwards   | 2012           |   | 60     |   | Mr. Edwards was appointed as the Company’s non-executive vice chairman in October 2012. Prior to October 2012, Mr. Edwards served as founder and chairman of Acorn Media Group, Inc., since its inception in 1984. Mr. Edwards has a broad background in communications. Before founding Acorn, his work in emerging communications technologies included consulting for cable companies such as Cablevision and Viacom during the major-city cable television franchising competitions of the 1980s. He also served as a consultant to the City of Reading, Pennsylvania, home of the world’s oldest two-way cable system. Also active in video production, he worked for the Washington bureau of NBC News and independently on a range of documentaries and music videos. Mr. Edwards has a master’s degree from the University of Pennsylvania’s Annenberg School of Communications, where he focused on new communications technologies and markets, and earned his BA from Trinity College. We believe that Mr. Edwards professional background, including his vast experience in communications and video productions, make him well qualified as the Vice Chairman of the Company’s board of directors.                                                                                                                                                                                                                                                                           |
|            |           |   |   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| H. Van Sinclair | 2012           |   | 60     |   | Mr. Sinclair has served as a member of the Company’s board of directors since April 2012 and was the Chief Executive Officer and President of RLJ Acquisition, Inc. from April 2012 until immediately prior to the consummation of the Business Combination.  Mr. Sinclair was also a member of RLJ Acquisition, Inc.’s board of directors from November 2010 until immediately prior to the consummation of the Business Combination.  Since February 2003, Mr. Sinclair has served as president and chief executive officer of The RLJ Companies. From January 2006 to May 2011, Mr. Sinclair also served as Vice President of Legal and Business Affairs for  RLJ Urban Lodging Funds, a private equity fund concentrating on limited and focused service hotels in the United States and for RLJ Development, The RLJ Companies’ hotel and hospitality company.  Prior to joining The RLJ Companies, Mr. Sinclair spent 28 years, from October 1978 to February 2003, with the law firm of Arent Fox, PLLC. Mr. Sinclair remains of counsel to Arent Fox. Mr. Sinclair is a member of the Board of Directors of Vringo, Inc., a publicly-traded company, where he is chairman of the Audit Committee.  We believe that Mr. Sinclair’s professional background, his prior senior leadership positions at various companies, and extensive legal experience, make him well qualified as a member of the Company’s board of directors. |
|            |           |   |   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| Tyrone Brown    | 2012           |   | 70     |   | Mr. Brown has served as a member of the Company’s board of directors since October 2012. Mr. Brown was the co-founder of District Cablevision, the DC cable television system, where he was president and a director from 1986 to February 1992. Mr. Brown was an initial investor and director in the successful re-launch after bankruptcy of IRIDIUM, the global mobile satellite system, serving as IRIDIUM’s vice chairman from January 2002 until a successful public offering in October 2009. Mr. Brown also served as a director and principal outside counsel of Black Entertainment Television (BET) until its successful public offering in 1991, and vice president and general counsel of Post-Newsweek Stations, the broadcast station subsidiary of the Washington Post Company from 1971 to 1974. In addition to his entrepreneurial and business activities, Mr. Brown has practiced communications law at a number of major DC law firms and served as a law clerk for the late Chief Justice of the Supreme Court Earl Warren, as an aide to Senator Edmund Muskie and as an FCC Commissioner under the Carter Administration. The Company believes that Mr. Brown’s professional background in the media sector, his prior senior leadership positions at various companies, and extensive legal experience, make him well qualified as a member of the Company’s board of directors.                                                                                      |
|            |           |   |   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| Morris Goldfarb | 2012           |   | 62     |   | Mr. Goldfarb has served as a member of the Company’s board of directors since April 2012. Mr. Goldfarb previously served as a director of RLJ Acquisition, Inc., from February 2011 until October 2012. He serves as Chairman of the Board and Chief Executive Officer of G-III Apparel Group, Ltd.  , a designer, manufacturer, importer and marketer of apparel, handbags and luggage. Mr. Goldfarb has served as an executive officer and director of G-III and its predecessors since its formation in 1974. Mr. Goldfarb served as a director of Lakes Entertainment, Inc. from June 1998 until March 2010. We believe that Mr. Goldfarb’s professional background, his senior leadership position at G-III Apparel Group, Ltd., and current and past board positions, make him well qualified as a member of our board of directors. The Company believes that Mr. Goldfarb’s professional background, his senior leadership position at G-III Apparel Group, Ltd., and current and past board positions, make him well qualified as a member of the Company’s board of directors.                                                                                                                                                                                                                                                                                                                                                                                              |

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| Name                   | Director Since |   | Age    |   | Principal Occupation and Business ExperienceDuring Past Five Years and Other Directorships                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|------------------------|----------------|--------|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                   |           |   |   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| Andor (Andy) M. Laszlo | 2012           |   | 46     |   | Mr. Laszlo has served as a member of the Company’s board of directors since October 2012. Mr. Laszlo has served as a Managing Director at Lazard Capital Markets LLC (LCM) since June 2010, where he serves as Head of Corporate Underwriting and Head of Business Development.  Prior to joining LCM, Mr. Laszlo served as a Senior Advisor to Sports Properties Acquisition Corp., a special purpose acquisition company focused on the sports, leisure and entertainment sectors, from November 2007 to April 2010. Between 1997 and 2007, Mr. Laszlo held various senior equity capital markets positions at both Lehman Brothers and Bank of America Securities.  Mr. Laszlo was the Head of Media & Telecom equity capital markets for Bank of America Securities based in New York, NY.  Prior to that, Mr. Laszlo was Head of Equity Syndicate and Head of Media & Telecom Equity Capital Markets at Lehman Brothers International (Europe), during which time he was based in London, England.  In between his tenure at Lehman Brothers and Bank of America, Mr. Laszlo spent approximately one year as the Chief Operating Officer and Head of Business Development at Eagle Rock Capital Management, LLC, a New York-based multi-strategy hedge fund.  Mr. Laszlo has been involved in transactions totaling more than $20 billion of equity issuance over the course of his career. Mr. Laszlo serves on the Advisory Board of Falconhead Capital Management, a private equity firm based in New York City.  He also serves on the board of directors of Radar Detection Holdings Corp. (Escort Radar), a leading designer, manufacturer and distributor of highway radar and laser detectors.  Mr. Laszlo began his career as an attorney with Philadelphia, Pennsylvania-based Rawle & Henderson, the nation's oldest law firm.  The Company believes that Mr. Laszlo’s professional background, including his extensive financial advisory and financing experience, make him well qualified to serve as a member of the Company’s board of directors. |
|                   |           |   |   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| Lisa Wardell           | 2012           |   | 43     |   | Ms. Wardell has served as a member of the Company’s board of directors since October 2012. Ms. Wardell has served as executive vice president and chief operating officer of The RLJ Companies since August 2004. Ms. Wardell also previously served as the chief financial officer and secretary of RLJ Acquisition, Inc., from December 2010 until October 2012. Prior to joining The RLJ Companies, Ms. Wardell was a senior associate at Katalyst Venture Partners, a private equity firm, from September 2000 to January 2003. She serves as a member of the board of directors of DeVry, Inc., a provider of educational services since November 2008, and a member of the Christopher & Banks board since 2011. Ms. Wardell currently also serves on the board of directors of Rollover Systems, Inc., and the RLJ McLarty Landers Automotive Group.  The Company believes that Ms. Wardell’s professional background, her leadership position at The RLJ Companies and her current and past board positions, make her well qualified to serve as a member of the Company’s board of directors.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |

| Name                |   | Age    |   | Position                |
|---------------------|--------|--------|--------|-------------------------|
| Executive Officers* |   |   |   |                    |
| Robert L. Johnson   |   | 67     |   | Chairman of the Board   |
| Miguel Penella      |   | 44     |   | Chief Executive Officer |
| John P. Avagliano   |   | 57     |   | Chief Financial Officer |

| *  | Executive Officers were appointed effective October 3, 2012 in connection with the Business Combination. |
|---------|----------------------------------------------------------------------------------------------------------|

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| ITEM 11. | EXECUTIVE COMPENSATION |
|----------|------------------------|

| Name & Principal Position  |   | Fiscal Year |   | Salary($) |           |   | Bonus($)(2) |   |           | Stock Awards ($) |   |   | Option Awards ($) |   |   | All Other Compensation ($)(3) |           |   | Total ($) |   |
|--------------------------------|--------|-------------|--------|-----------|----------------|--------|-------------|--------|----------------|------------------|--------|--------|-------------------|--------|--------|-------------------------------|----------------|--------|-----------|--------|
| Theodore S. Green,             |   | 2012        |   |      | 358,077        |   |        |   | –– |             |   |   | ––    |   |   |                          | –– |   |      |   | 3,000 |   |   |   | 361,077 |   |
| Former Chief Executive Officer |   | 2011        |   |      | 300,000        |   |        |   | –– |             |   |   | ––    |   |   |                          | –– |   |      |   | 2,769 |   |   |   | 302,769 |   |
| and Chairman(1)                |   |        |   |      |           |   |        |   |           |             |   |   |              |   |   |                          |           |   |      |   |   |   |   |   |   |   |
|                           |   |        |   |      |           |   |        |   |           |             |   |   |              |   |   |                          |           |   |      |   |   |   |   |   |   |   |
| Miguel Penella,                |   | 2012        |   |      | 450,000        |   |        |   | 1,100,000      |             |   |   | ––    |   |   |                          | –– |   |      |   | 1,129,089 |   |   |   | 2,679,089 |   |
| Chief Executive Officer        |   | 2011        |   |      | 427,083        |   |        |   | 500,000        |             |   |   | ––    |   |   |                          | –– |   |      |   | 643,020 |   |   |   | 1,570,103 |   |
|                           |   |        |   |      |           |   |        |   |           |             |   |   |              |   |   |                          |           |   |      |   |   |   |   |   |   |   |
|                           |   |        |   |      |           |   |        |   |           |             |   |   |              |   |   |                          |           |   |      |   |   |   |   |   |   |   |
| John P. Avagliano,             |   | 2012        |   |      | 343,462        |   |        |   | –– |             |   |   | ––    |   |   |                          | –– |   |      |   | 103,900 |   |   |   | 447,362 |   |
| Chief Financial Officer        |   | 2011        |   |      | 300,000        |   |        |   | 50,000         |             |   |   | ––    |   |   |                          | –– |   |      |   | 129,404 |   |   |   | 479,404 |   |
|                           |   |        |   |      |           |   |        |   |           |             |   |   |              |   |   |                          |           |   |      |   |   |   |   |   |   |   |
| John W. Hyde,                  |   | 2012        |   |      | –– |   |        |   | –– |             |   |   | ––    |   |   |                          | –– |   |      |   | 327,885 |   |   |   | 327,885 |   |
| Vice Chairman(4)               |   | 2011        |   |      | –– |   |        |   | –– |             |   |   | ––    |   |   |                          | –– |   |      |   | 311,539 |   |   |   | 311,539 |   |

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| (1) | Mr. Green resigned effective as of January 14, 2013. |
|-----|------------------------------------------------------|

| (2) | Fiscal year 2012 includes for Mr. Penella, retention bonus in connection with the Business Combination of $600,000. |
|-----|---------------------------------------------------------------------------------------------------------------------|

| (3) | Fiscal year 2012 includes: |
|-----|----------------------------|

|   | (i) | For Mr. Penella, other compensation for forgiveness of note principal payments and interest due of $1,100,000. |
|--------|-----|----------------------------------------------------------------------------------------------------------------|

|   | (ii) | For Mr. Avagliano, reimbursable commuting expenses of $94,969. |
|--------|------|----------------------------------------------------------------|

|   | (iii) | For Mr. Hyde, consulting fees of $327,885. |
|--------|-------|--------------------------------------------|

|   | (i) | For Mr. Penella, other compensation for forgiveness of note principal payments and interest due of $600,000. |
|--------|-----|--------------------------------------------------------------------------------------------------------------|

|   | (ii) | For Mr. Avagliano, reimbursable commuting expenses of $123,404. |
|--------|------|-----------------------------------------------------------------|

|   | (iii) | For Mr. Hyde, consulting fees of $311,539. |
|--------|-------|--------------------------------------------|

| (4) | Mr. Hyde resigned effective as of April 23, 2013.  Mr. Hyde previously provided all services to RLJE through Producers Sales Organization (or PSO), his wholly-owned consulting business. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| Name                   |   | Fees Earned or Paid in Cash ($)(1) |   |   | Stock Awards ($)(2) |   |   | Option Awards ($) |   |   | All Other Compensation ($) |   |   | Total ($) |           |
|------------------------|--------|------------------------------------|--------|--------|---------------------|--------|--------|-------------------|--------|--------|----------------------------|--------|--------|-----------|----------------|
|                   |   |                               |   |   |                |   |   |              |   |   |                       |   |   |      |           |
| Peter Edwards          |   | $                                  | 12,500 |   |                | $      | 50,000 |              |   | $      | ––             |   |   | $         | –– |   |   | $ | 62,500 |   |
| H. Van Sinclair        |   |                               | 12,500 |   |                |   | 50,000 |              |   |   | ––             |   |   |      | –– |   |   |   | 62,500 |   |
| Tyrone Brown           |   |                               | 12,500 |   |                |   | 50,000 |              |   |   | ––             |   |   |      | –– |   |   |   | 62,500 |   |
| Morris Goldfarb        |   |                               | 12,500 |   |                |   | 50,000 |              |   |   | ––             |   |   |      | –– |   |   |   | 62,500 |   |
| Andor (Andy) M. Laszlo |   |                               | 12,500 |   |                |   | 50,000 |              |   |   | ––             |   |   |      | –– |   |   |   | 62,500 |   |
| Lisa Wardell           |   |                               | 12,500 |   |                |   | 50,000 |              |   |   | ––             |   |   |      | –– |   |   |   | 62,500 |   |

| (1) | Annual retainer fee paid quarterly. |
|-----|-------------------------------------|

| (2) | Amount represents the grant date fair value for restricted stock awards granted during fiscal year 2012.  The per share grant date fair value of each of the restricted stock awards for 6,263 shares was $7.98, the five-day trailing average of our closing stock price on the date of grant of the award.  As of fiscal year end 2012, no shares had vested in accordance with their vesting schedule. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| ITEM 12. | SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS |
|----------|------------------------------------------------------------------------------------------------|

| Name of Beneficial Owner                                     |   | Shares of Common StockBeneficially Owned(1) |   | Percent of CommonStock(2) |   |
|--------------------------------------------------------------|--------|---------------------------------------------|--------|---------------------------|--------|
| RLJ SPAC Acquisition, LLC(3)                                 |   | 6,974,178                                   |   | 40.56                     | %      |
| Robert L. Johnson (3)                                        |   | 6,974,178                                   |   | 40.56                     | %      |
| Wexford Spectrum Investors (4)                               |   | 2,850,000                                   |   | 19.39                     | %      |
| JH Evergreen Management, LLC (5)                             |   | 1,934,275                                   |   | 14.46                     | %      |
| Senator Investment Group LP (6)                              |   | 1,372,500                                   |   | 9.39                      | %      |
| Peter Edwards (7)                                            |   | 1,276,310                                   |   | 9.15                      | %      |
| Angelo, Gordon & Co., LP (8)                             |   | 1,252,103                                   |   | 8.84                      | %      |
| Morris Goldfarb (9)                                          |   | 263,763                                     |   | 1.96                      | %      |
| Theodore S. Green (10)                                       |   | 193,868                                     |   | 1.45                      | %      |
| John W. Hyde (11)                                            |   | 165,783                                     |   | 1.24                      | %      |
| John P. Avagliano (12)                                       |   | 81,333                                      |   | *                         |   |
| Miguel Penella (13)                                          |   | 67,252                                      |   | *                         |   |
| H. Van Sinclair (14)                                         |   | 44,596                                      |   | *                         |   |
| Lisa Wardell (14)                                            |   | 25,430                                      |   | *                         |   |
| Tyrone Brown (14)                                            |   | 6,263                                       |   | *                         |   |
| Andor (Andy) M. Laszlo (14)                                  |   | 6,263                                       |   | *                         |   |
| All directors and executive officers as a group (11 persons) |   | 9,105,039                                   |   | 50.85                     | %      |

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| * | Less than 1% |
|---|--------------|

| (1) | Beneficial ownership is determined in accordance with SEC rules.  For the number of shares beneficially owned by those listed above, we rely on information confirmed by each beneficial owner.  Except as indicated by footnote below, each person named reportedly has sole voting and investment powers with respect to the common stock beneficially owned by that person, subject to applicable community property and similar laws.  Except as indicated by footnote below, each owner’s mailing address is c/o RLJ Entertainment, Inc., 3 Bethesda Metro Center, Suite 1000, Bethesda, Maryland 20814. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | On April 25, 2013, there were 13,377,546 shares of our common stock, $0.001 par value, outstanding.  Common stock not outstanding but which underlies options and warrants vested or exercisable as of, or vesting or exercisable within, 60 days after April 25, 2013, is deemed to be outstanding for the purpose of computing the percentage of the common stock beneficially owned by each named person or entity (and the directors and executive officers as a group), but is not deemed to be outstanding for any other purpose. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3) | The RLJ Companies, LLC is the sole manager and is the sole voting member of RLJ SPAC Acquisition, LLC.  Robert L. Johnson is the sole manager and the sole voting member of The RLJ Companies, LLC.  Mr. Johnson disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.  Includes 3,157,511 shares of the Company’s common stock and warrants to purchase 3,816,667 shares of the Company’s common stock. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (4) | Information presented regarding Wexford Spectrum Investors LLC (or WSI) is based solely on the information provided in the Schedule 13G/A filed on February 11, 2013 and the Form 3 filed on February 25, 2013 .  Wexford Capital LP (or Wexford Capital) may, by reason of its status as manager of WSI, be deemed to own beneficially the securities of which WSI possesses beneficial ownership. Wexford GP LLC (or Wexford GP) may, as the General Partner of Wexford Capital, be deemed to own beneficially the securities of which WSI possesses beneficial ownership. Each of Charles E. Davidson (or Davidson) and Joseph M. Jacobs (or Jacobs) may, by reason of his status as a controlling person of Wexford GP, be deemed to own beneficially the securities of which WSI possesses beneficial ownership. Each of Wexford Capital, Wexford GP, Davidson and Jacobs shares the power to vote and to dispose of the securities beneficially owned by WSI. Each of Wexford Capital, Wexford GP, Davidson and Jacobs disclaims beneficial ownership of the securities owned by WSI and this report shall not be deemed as an admission that they are the beneficial owners of such securities except, in the case of Davidson and Jacobs, to the extent of their respective interests in each member of WSI.  The mailing address for WSI and the other affiliate filers is 411 West Putnam Avenue, Suite 125, Greenwich, Connecticut 06830. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| (5) | Information presented regarding JH Evergreen Management, LLC (or JH Evergreen Management), JH Partners Evergreen Fund, L.P. (or JH Evergreen), JH Investment Partners III, LP (or JHIP III), JH Investment Partners GP Fund III, LLC (or JHIP GP III, and collectively the JH Entities) and John C. Hansen is based on information provided by JH Partners and certain of its affiliates.  The mailing address of JH Evergreen Management and the other affiliate filers is 451 Jackson Street, San Francisco, California  94111-1615.  Mr. Hansen disclaimed beneficial ownership of such shares except to the extent of his pecuniary interest therein.  Includes 1,647,489 shares of the Company’s common stock held by JH Evergreen, 196,505 shares of the Company’s common stock held by JHIP III, and 90,282 shares of the Company’s common stock held by JHIP GP III.  Does not include warrants to purchase 114,228 shares of the company’s common stock held by JH Evergreen, warrants to purchase 13,625 shares of the Company’s common stock held by JHIP III, and warrants to purchase 6,261 shares of the Company’s common stock held by JHIP GP III, none of which are exercisable within 60 days of April 1, 2013. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (6) | Information presented regarding Senator Investment Group LP is based solely on the information provided in the Schedule 13G/A filed on February 14, 2013. The mailing address of Senator Investment Group LP is 510 Madison Avenue, 28th Floor, New York, New York 10022. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (7) | Includes 6,263 shares of the Company’s common stock subject to restricted stock awards held by Mr. Edwards, 692,523 shares of the Company’s common stock and warrants to purchase 577,524 shares of the Company’s common stock held by a trust established by Mr. Edwards for estate planning purposes.  Does not include warrants to purchase 30,001 shares of the Company’s common stock held by trusts established by Mr. Edwards for estate planning purposes which are not exercisable within 60 days of April 25, 2013. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (8) | Information presented regarding Angelo, Gordon & Co., L.P. (or Angelo, Gordon); John M. Angelo, in his capacities as a managing member of JAMG LLC, which is the general partner of AG Partners, L.P., which is the sole general partner of Angelo, Gordon, and as the chief executive officer of Angelo, Gordon; and Michael L. Gordon, in his capacities as the other managing member of JAMG LLC, which is the general partner of AG Partners, L.P., which is the sole general partner of Angelo, Gordon, and as the chief operating officer of Angelo, Gordon is based solely on the information provided in the Schedule 13G/A filed on February 14, 2013.   The mailing address for Angelo, Gordon and the other affiliate filers is 245 Park Avenue, New York, New York 10167. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (9) | Includes 157,500 shares of the Company’s common stock, 6,263 shares of the Company’s common stock subject to restricted stock awards, and warrants to purchase 100,000 shares of the Company’s common stock. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (10) | Includes 149,405 shares of the Company’s common stock and 44,444 shares of the Company’s common stock held in escrow until April 3, 2014, subject to forfeiture to the JH Entities.  Also includes 19 shares held as custodian for Mr. Green’s children.  Does not include warrants to purchase 6,818 shares of the Company’s common stock which are not exercisable within 60 days of April 25, 2013. |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (11) | Includes 128,005 shares of the Company’s common stock, of which 87,907 shares are held through PSO, his wholly owned consulting business, and 37,778 shares of the Company’s common stock held in escrow until April 3, 2014, subject to forfeiture to the JH Entities.  Does not include warrants to purchase 5,795shares of the Company’s common stock which are not exercisable within 60 days of April 25, 2013. |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (12) | Includes 63,555 shares of the Company’s common stock and 17,778 shares of the Company’s common stock held in escrow until April 3, 2014, subject to forfeiture to the JH Entities.  Does not include warrants to purchase 2,727 shares of the Company’s common stock which are not exercisable within 60 days of April 25, 2013. |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (13) | Includes 33,626 shares of the Company’s common stock and warrants to purchase 33,626 shares of the Company’s common stock. |
|------|----------------------------------------------------------------------------------------------------------------------------------------|

| (14) | Includes 6,263 shares of the Company’s common stock subject to restricted stock awards. |
|------|-----------------------------------------------------------------------------------------------|

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| Plan Category                                               |   | Number of securities to be issued upon exercise of outstanding options, warrants and rights (1) |           |   | Weighted-average exercise price of outstanding options, warrants and rights |   |           | Number of securities remaining available for future issuance under equity compensation plans (excluding securities referenced in the first column) (2) |   |
|-------------------------------------------------------------|--------|-------------------------------------------------------------------------------------------------|----------------|--------|-----------------------------------------------------------------------------|--------|----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| Equity compensation plans approved by security holders      |   |                                                                                            | 1,244,153      |   |                                                                        | $      | –– |                                                                                                                                                   |   |   | 1,206,575 |   |
| Equity compensation plans not approved by security holders: |   |                                                                                            | –– |   |                                                                        |   | –– |                                                                                                                                                   |   |   | –– |   |
|                                                        |   |                                                                                            |           |   |                                                                        |   |           |                                                                                                                                                   |   |   |   |   |
| Total                                                       |   |                                                                                            | 1,244,153      |   |                                                                        | $      | –– |                                                                                                                                                   |   |   | 1,206,575 |   |

| (1) | Future equity awards may be granted under our 2012 Incentive Compensation Plan. |
|-----|---------------------------------------------------------------------------------|

| (2) | Reflects awards to directors under our 2012 Incentive Compensation Plan. |
|-----|--------------------------------------------------------------------------|

| ITEM 13. | CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE |
|----------|---------------------------------------------------------------------------|

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| ITEM 14. | PRINCIPAL ACCOUNTANT FEES AND SERVICES |
|----------|----------------------------------------|

|               |   | 2012   |           |
|--------------------|--------|--------|----------------|
| Audit Fees         |   | $      | 748,000        |   |
| Audit-Related Fees |   |   | –– |   |
| Tax Fees           |   |   | 163,000        |   |
| All Other Fees     |   |   | –– |   |
|               |   |   |           |   |
| Total Fees         |   | $      | 911,000        |   |

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| PART IV |
|---------|

| Item 15. | Exhibits and Financial Statements |
|----------|-----------------------------------|

|   | (b)    | Exhibits.                                                          |
|--------|--------|--------------------------------------------------------------------|
|   |   |                                                               |
|   | 31.1*  | Rule 13a-14(a)/15d-14(a) Certification of Chief Executive Officer. |
|   |   |                                                               |
|   | 31.2*  | Rule 13a-14(a)/15d-14(a) Certification of Chief Financial Officer. |
|   |   |                                                               |
|   | 32.1*  | Section 1350 Certification of Chief Executive Officer.             |
|   |   |                                                               |
|   | 32.2*  | Section 1350 Certification of Chief Financial Officer.             |

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| *  | Filed herewith. |
|---------|-----------------|

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| SIGNATURES |
|------------|

|                             |   | RLJ ENTERTAINMENT, INC.       |   |
|----------------------------------|--------|-------------------------------|--------|
|                             |   | A Delaware corporation        |   |
|                             |   |                          |   |
| Dated:  April 30, 2013 |   | /s/ MIGUEL PENELLA            |   |
|                             |   | MIGUEL PENELLA                |   |
|                             |   | Chief Executive Officer       |   |
|                             |   | (Principal Executive Officer) |   |

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