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| x | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the Fiscal Year Ended December 31, 2013 |
|---|----------------------------------------------------------------------------------------------------------------------------------|

| o | 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) |

| Title of Each Class:           |  | Name of Each Exchange on Which Registered: |
|--------------------------------|--|--------------------------------------------|
| Common Stock, par value $0.001 |  | NASDAQ Capital Market                      |

| 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 | 13     |
|       | ITEM 13. | Certain Relationships and Related Transactions, and Director Independence                      | 14     |
|       | ITEM 14. | Principal Accountant Fees and Services                                                         | 16     |
|       |     |                                                                                           |   |
| PART IV    |          |                                                                                           | 18     |
|       |     |                                                                                           |   |
|       | ITEM 15. | Exhibits and Financial Statement Schedules                                                     | 18     |
|       |     |                                                                                           |   |
| SIGNATURES |          |                                                                                           | 19     |

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Table of Contents

| 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                 |   | 68        |   | 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 businesses operating in hotel real estate investment; private equity; financial services; asset management; automobile dealerships; sports and entertainment; and video lottery terminal (VLT) gaming, 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 Home, 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, and a member of the board of trustees at The Johns Hopkins University. We believe that Mr. Johnson’s professional background, his prior executive 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                 |   | 45        |   | 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           |        | 61     |        | 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           |   | 61     |   | 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 RLJ Entertainment, Inc. business combination in October 2012.  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, LLP. Mr. Sinclair remains of counsel to Arent Fox. Mr. Sinclair is a member of the Board of Directors of Vringo, Inc. (NASDAQ: VRNG) 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           |   | 71     |   | 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 (or 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. We believe 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           |   | 63     |   | 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, Chief Executive Officer and President 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 serves as director of Oppenheimer Holdings Inc.  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.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |

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| Name                   |        | Director Since |        | Age    |        | Principal Occupation and Business ExperienceDuring Past Five Years and Other Directorships                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|------------------------|--------|----------------|--------|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                   |   |           |   |   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| Andor (Andy) M. Laszlo |   | 2012           |   | 47     |   | Mr. Laszlo has served as a member of the Company’s board of directors since October 2012. Mr. Laszlo joined Sun Trust Robinson Humphrey in January 2014 where he serves as Managing Director and Head of Technology, Media & Communications Equity Origination. Mr. Laszlo served as a Managing Director at Lazard Capital Markets LLC (or LCM) from June 2010 to December 2013, where he served 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 Rita’s Franchise Company, a leading franchise company focused on frozen treats.  Previously, Mr. Laszlo served on the board of directors of Radar Detection Holdings Corp. (or 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.  We believe 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           |   | 44     |   | 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 and the audit committee chair of DeVry, Inc. (NYSE: DV), a provider of educational services since November 2008, and a member of the Christopher & Banks Corporation (NYSE: CBK) board and the audit committee chair since 2011. Ms. Wardell currently also serves on the board of directors of Rollover Systems, Inc., and the RLJ McLarty Landers Automotive Group.  We believe 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.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|                   |   |           |   |   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| Scott Royster          |   | 2014           |   | 49     |   | Mr. Royster has served as a member of the Company’s board of directors since January 2014. Since September 2009, Mr. Royster has served as Co-Founder and Chief Executive Officer of Latimer Education and Latimer International (or Latimer), a global education company targeting the African-American market in the US and the African market in Africa.  From November 2008 until the formation of Latimer, Mr. Royster was engaged in planning for the formation of Latimer and acted as a consultant to several companies.  Mr. Royster served as Executive Vice President of Business Development and Chief Financial Officer of DigitalBridge Communications, an early-stage wireless technology company, from January 2008 to November 2008. From 2006 to 2008, Mr. Royster was a member of the board of directors for HRH, Inc. (NYSE: HRH), an insurance brokerage firm.  Between June 1996 to December 2007, Mr. Royster served as Executive Vice President and Chief Financial Officer of Radio One, Inc. (NASDAQ: ROIA and ROIAK), an owner/operator of major market radio stations and other media assets. We believe that Mr. Royster’s media background, including his financial experience, make him well qualified to serve as a member of the Company’s board of directors.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |

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| Name               |        | Age |        | Position                |
|--------------------|--------|-----|--------|-------------------------|
| Executive Officers |        |     |        |                         |
| Miguel Penella     |        | 45  |        | Chief Executive Officer |
| Andrew Wilson      |   | 45  |   | Chief Financial Officer |

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

| Name & Principal Position  | Fiscal Year |   | Salary($) |           |   | Bonus($)(1) |   |           | Stock Awards ($)(2) |   |   | Option Awards ($) |   |   | All Other Compensation ($)(3) |           |   | Total ($) |   |
|--------------------------------|-------------|--------|-----------|----------------|--------|-------------|--------|----------------|---------------------|--------|--------|-------------------|--------|--------|-------------------------------|----------------|--------|-----------|--------|
|                           |        |   |           |           |   |             |   |           |                     |   |   |                   |   |   |                               |           |   |           |   |
| Miguel Penella,                | 2013        |   |      | 472,756        |   |        |   | –– |                |   |   | 691,420           |   |   |                          | –– |   |      |   | 10,200 |   |   |   | 1,174,376 |   |
| Chief Executive Officer        | 2012        |   |      | 450,000        |   |        |   | 1,100,000      |                |   |   | ––    |   |   |                          | –– |   |      |   | 1,129,089 |   |   |   | 2,679,089 |   |
|                           |        |   |      |           |   |        |   |           |                |   |   |              |   |   |                          |           |   |      |   |   |   |   |   |   |   |
| Andrew Wilson,                 | 2013        |   |      | 215,538        |   |        |   | –– |                |   |   | 195,787           |   |   |                          | –– |   |      |   | 5,400 |   |   |   | 416,725 |   |
| Chief Financial Officer        | 2012        |   |      | –– |   |        |   | –– |                |   |   | ––    |   |   |                          | –– |   |      |   | –– |   |   |   | –– |   |
|                           |        |   |      |           |   |        |   |           |                |   |   |              |   |   |                          |           |   |      |   |   |   |   |   |   |   |
| Former Officers                |        |   |      |           |   |        |   |           |                |   |   |              |   |   |                          |           |   |      |   |   |   |   |   |   |   |
| Theodore S. Green,             | 2013        |   |      | 80,078         |   |        |   | –– |                |   |   | ––    |   |   |                          | –– |   |      |   | 478,203 |   |   |   | 558,281 |   |
| Former Chief Executive Officer | 2012        |   |      | 358,077        |   |        |   | –– |                |   |   | ––    |   |   |                          | –– |   |      |   | 3,000 |   |   |   | 361,077 |   |
| and Chairman(4)                |        |   |      |           |   |        |   |           |                |   |   |              |   |   |                          |           |   |      |   |   |   |   |   |   |   |
|                           |        |   |      |           |   |        |   |           |                |   |   |              |   |   |                          |           |   |      |   |   |   |   |   |   |   |
| John P. Avagliano,             | 2013        |   |      | 208,411        |   |        |   | –– |                |   |   | ––    |   |   |                          | –– |   |      |   | 309,072 |   |   |   | 517,484 |   |
| Chief Financial Officer(5)     | 2012        |   |      | 343,462        |   |        |   | –– |                |   |   | ––    |   |   |                          | –– |   |      |   | 103,900 |   |   |   | 447,362 |   |
|                           |        |   |      |           |   |        |   |           |                |   |   |              |   |   |                          |           |   |      |   |   |   |   |   |   |   |
| John W. Hyde,                  | 2013        |   |      | –– |   |        |   | –– |                |   |   | ––    |   |   |                          | –– |   |      |   | 407,292 |   |   |   | 407,292 |   |
| Vice Chairman(6)               | 2012        |   |      | –– |   |        |   | –– |                |   |   | ––    |   |   |                          | –– |   |      |   | 327,885 |   |   |   | 327,885 |   |
|                           |        |   |      |           |   |        |   |           |                |   |   |              |   |   |                          |           |   |      |   |   |   |   |   |   |   |

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| (1) | Fiscal year 2012 includes for Mr. Penella, retention bonus in connection with the Business Combination of $600,000. |
|-----|---------------------------------------------------------------------------------------------------------------------|

| (2) | Fiscal year 2013 includes restricted stock grants for Mr. Penella and Mr. Wilson, each vesting over three years with 50% of the shares subject to certain performance criteria.  The amounts shown represent the total grant date fair value of the grants computed in accordance with FASB ASC Topic 718.  At the time of grant, it was not possible to predict with certainty the extent to which the performance criteria would be achieved or the extent to which the grants would ultimately be realized by the holders.  Subsequent to December 31, 2013, 25% of these shares granted to Mr. Penella and Mr. Wilson were forfeited based upon the failure to achieve the 2013 performance criteria. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3) | Fiscal year 2013 includes: |
|-----|----------------------------|

|  | (i) | For Mr. Penella, Company 401(k) match of $10,200. |
|--|-----|---------------------------------------------------|

|  | (ii) | For Mr. Wilson, Company 401(k) match of $5,400. |
|--|------|-------------------------------------------------|

|  | (iii) | For Mr. Green, Company 401(k) match of $3,203 and severance of $475,000. |
|--|-------|--------------------------------------------------------------------------|

|  | (iv) | For Mr. Avagliano, reimbursable commuting expenses of $32,747, Company 401(k) match of $8,794 and severance of $267,531. |
|--|------|--------------------------------------------------------------------------------------------------------------------------|

|  | (v) | For Mr. Hyde, consulting fees of $407,292. |
|--|-----|--------------------------------------------|

|  | (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. |
|--|-------|--------------------------------------------|

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| (4) | Mr. Green resigned effective as of January 14, 2013. |
|-----|------------------------------------------------------|

| (5) | Mr. Avagliano resigned effective as of May 24, 2013. |
|-----|------------------------------------------------------|

| (6) | 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           |   | Option Awards                                                       |           |   | Stock Awards                                                        |   |
|----------------|--------|---------------------------------------------------------------------|----------------|--------|---------------------------------------------------------------------|--------|
|           |   | Number of securities underlying unexercised options (#) exercisable |           |   | Number of securities underlying exercised options (#) unexercisable |   |   | Equity incentive plan awards: Number of securities underlying unexercised unearned options |   |   | Option exercise price ($) |   |   | Option exercise date |   |   | Number of shares or units of stock that have not vested (#) |   |   | Market value of shares or units of stock that have not vested ($) |   |   | Equity incentive plan awards: Number of unearned shares, units or other rights that have not vested (#) |   |   | Equity incentive plan awards: Market or payout value of unearned shares, units or other rights that have not vested ($)(1) |   |
| Miguel Penella |   |                                                                | –– |   |                                                                |   | –– |   |   |   | –– |   |   |   | –– |   |   |   | –– |   |   |   | –– |   |   |   | –– |   |   |   | 128,756 |   |   | $ | 616,741 |   |
| Andrew Wilson  |   |                                                                | –– |   |                                                                |   | –– |   |   |   | –– |   |   |   | –– |   |   |   | –– |   |   |   | –– |   |   |   | –– |   |   |   | 52,631 |   |   | $ | 252,102 |   |

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| Name                   |   | Fees Earned or Paid in Cash ($)(1) |           |   | Stock Awards ($)(2) |   |           | Option Awards ($) |   |   | All Other Compensation ($) |   |   | Total ($) |           |
|------------------------|--------|------------------------------------|----------------|--------|---------------------|--------|----------------|-------------------|--------|--------|----------------------------|--------|--------|-----------|----------------|
|                   |   |                                    |           |   |                     |   |           |                   |   |   |                            |   |   |           |           |
| Tyrone Brown           |   | $                                  | 50,000         |   |                | $      | 52,058         |              |   | $      | ––             |   |   | $         | –– |   |   | $ | 102,058 |   |
| Peter Edwards          |   |                               | 50,000         |   |                |   | 52,058         |              |   |   | ––             |   |   |      | –– |   |   |   | 102,058 |   |
| Morris Goldfarb        |   |                               | 50,000         |   |                |   | 52,058         |              |   |   | ––             |   |   |      | –– |   |   |   | 102,058 |   |
| Robert L. Johnson      |   |                               | 250,000        |   |                |   | –– |              |   |   | ––             |   |   |      | –– |   |   |   | 250,000 |   |
| Andor (Andy) M. Laszlo |   |                               | 50,000         |   |                |   | 52,058         |              |   |   | ––             |   |   |      | –– |   |   |   | 102,058 |   |
| Scott Royster          |   |                               | –– |   |                |   | –– |              |   |   | ––             |   |   |      | –– |   |   |   | –– |   |
| H. Van Sinclair        |   |                               | 50,000         |   |                |   | 52,058         |              |   |   | ––             |   |   |      | –– |   |   |   | 102,058 |   |
| Lisa Wardell           |   |                               | 50,000         |   |                |   | 52,058         |              |   |   | ––             |   |   |      | –– |   |   |   | 102,058 |   |

| (1) | For independent directors, represents retainer fee paid quarterly.  For Mr. Johnson, represents compensation for non-executive chairman services. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | Amount represents the grant date fair value for restricted stock awards granted during fiscal year 2013.  The per share grant date fair value of each of the restricted stock awards for 8,720 shares was $5.97.  As of fiscal year end 2013, these shares had not vested. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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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)                                 |   |                                        | 7,238,984 |   |                      |   | 41.27 | % |
| Robert L. Johnson (3)                                        |   |                                        | 7,238,984 |   |                      |   | 41.27 | % |
| Wexford Spectrum Investors (4)                               |   |                                        | 2,850,000 |   |                      |   | 18.94 | % |
| JH Evergreen Management, LLC (5)                             |   |                                        | 1,934,276 |   |                      |   | 14.09 | % |
| Canton Holdings LLC (6)                                      |   |                                        | 1,400,000 |   |                      |   | 9.26 | % |
| Peter Edwards (7)                                            |   |                                        | 1,315,031 |   |                      |   | 8.98 | % |
| Senator Investment Group LP (8)                              |   |                                        | 1,237,500 |   |                      |   | 8.27 | % |
| Drawbridge Special Opportunities Fund LP (9)                 |   |                                        | 1,000,000 |   |                      |   | 6.79 | % |
| Angelo, Gordon & Co., LP (10)                            |   |                                        | 860,000   |   |                      |   | 5.93 | % |
| Morris Goldfarb (11)                                         |   |                                        | 288,833   |   |                      |   | 2.09 | % |
| Miguel Penella (12)                                          |   |                                        | 210,819   |   |                      |   | 1.53 | % |
| H. Van Sinclair (13)                                         |   |                                        | 59,816    |   |                      |   | * |   |
| Andrew S. Wilson (14)                                        |   |                                        | 52,973    |   |                      |   | * |   |
| Lisa Wardell (13)                                            |   |                                        | 35,400    |   |                      |   | * |   |
| Tyrone Brown (13)                                            |   |                                        | 14,983    |   |                      |   | * |   |
| Andor (Andy) M. Laszlo (13)                                  |   |                                        | 16,983    |   |                      |   | * |   |
| Scott Royster (15)                                           |   |                                        | 5,638     |   |                      |   | * |   |
| All directors and executive officers as a group (10 persons) |   |                                        | 9,209,459 |   |                      |   | 50.46 | % |

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| (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., 8515 Georgia Avenue, Suite 650, Silver Spring, Maryland 20910. |
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| (2) | On March 31, 2014, there were 13,724,756 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 March 31, 2014, 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. |
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| (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 (collectively RLJ).  Mr. Johnson disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.  Includes 3,422,317 shares of the Company’s common stock and warrants to purchase 3,816,667 shares of the Company’s common stock.  Includes 434,844 shares currently pending forfeiture and 434,844 additional shares potentially subject to forfeiture pursuant to founding shareholder agreements. The mailing address for RLJ is 3 Bethesda Metro Center, Suite 1000, Bethesda, Maryland 20814. |
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| (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 14, 2014 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 Parties) 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 March 31, 2014. |
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| (6) | Information presented regarding Canton Holdings LLC is based solely on the Schedule 13G filed on February 14, 2014 filed on behalf of (i) Archer Capital Management, L.P. (or Archer), a Delaware limited partnership, as the investment manager to certain private investment funds, (ii) Canton Holdings, L.L.C. (or Canton), a Delaware limited liability company, as the general partner of Archer, (iii) Joshua A. Lobel, an individual, as a principal of Canton, and (iv) Eric J. Edidin, an individual, as a principal of Canton (the persons mentioned in (i) (ii), (iii) and (iv) above are referred to as the Reporting Persons).  The mailing address of the Reporting Persons is 570 Lexington Avenue, 40th Floor, New York, New York 10022. |
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| (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.  Does not include warrants to purchase 30,001 shares of the Company’s common stock which are not exercisable within 60 days of March 31, 2014. |
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| (8) | Information presented regarding Senator Investment Group LP is based solely on the information provided in the Schedule 13G/A filed on February 14, 2013 and the most recent Form 13F filed by Senator Investment Group LP. The mailing address of Senator Investment Group LP is 510 Madison Avenue, 28th Floor, New York, New York 10022. |
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| (9) | Information presented regarding Drawbridge Special Opportunities Fund LP is based solely on the Schedule 13G filed on October 15, 2012 filed on behalf of ((i) Drawbridge Special Opportunities Fund LP, a Delaware limited partnership, directly owns warrants to acquire shares of common stock of the Company as described herein; (ii) Drawbridge Special Opportunities GP LLC, a Delaware limited liability company, is the general partner of Drawbridge Special Opportunities Fund LP; (iii) Fortress Principal Investment Holdings IV LLC, a Delaware limited liability company, is the managing member of Drawbridge Special Opportunities GP LLC; (iv) Drawbridge Special Opportunities Advisors LLC, a Delaware limited liability company, is the investment manager of Drawbridge Special Opportunities Fund LP; (v) FIG LLC, a Delaware limited liability company, is the holder of all of the issued and outstanding interests of Drawbridge Special Opportunities Advisors LLC; (vi) Fortress Operating Entity I LP, a Delaware limited partnership, is the holder of all of the issued and outstanding interests of FIG LLC and Fortress Principal Investment Holdings IV LLC; (vii) FIG Corp., a Delaware corporation, is the general partner of Fortress Operating Entity I LP; and (viii) Fortress Investment Group LLC, a Delaware limited liability company, is the holder of all of the issued and outstanding shares of FIG Corp. The foregoing persons are collectively referred to as the Reporting Persons.  The mailing address of the Reporting Persons is c/o Fortress Investment Group LLC, 1345 Avenue of the Americas, 46th Floor, New York, New York 10105, Attention: Chief Compliance Officer. |
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| (10) | 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, 2014.  The mailing address for Angelo, Gordon and the other affiliate filers is 245 Park Avenue, New York, New York 10167. |
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| (11) | 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. Includes 7,187 shares currently pending forfeiture and 7,187 additional shares potentially subject to forfeiture pursuant to founding shareholder agreements. |
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| (12) | Includes 177,193 shares of the Company’s common stock, of which 111,378 are subject to restricted stock awards, and warrants to purchase 33,626 shares of the Company’s common stock. |
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| (13) | Includes 8,720 shares of the Company’s common stock subject to restricted stock awards. |
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| (14) | Includes 52,973 shares of the Company’s common stock subject to restricted stock awards. |
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| (15) | Includes 5,638 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      |   |                                                                                  | $      | –– |                                                                                                                                                   |   |   | 859,365 |   |
| Equity compensation plans not approved by security holders: |   |                                                                                                      | –– |   |                                                                                  |   | –– |                                                                                                                                                   |   |   | –– |   |
| Total                                                       |   |                                                                                                      | 1,244,153      |   |                                                                                  | $      | –– |                                                                                                                                                   |   |   | 859,365 |   |

| (1) | Future equity awards may be granted under our 2012 Incentive Compensation Plan. |
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| (2) | Reflects awards to directors and certain members of management under our 2012 Incentive Compensation Plan. |
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| ITEM 13. | CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE |
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| ITEM 14. | PRINCIPAL ACCOUNTANT FEES AND SERVICES |
|----------|----------------------------------------|

|               |   | 2013   |           |   | 2012   |   |
|--------------------|--------|--------|----------------|--------|--------|--------|
| Audit Fees         |   | $      | 577,000        |   |   | $      | 748,000 |   |
| Audit-Related Fees |   |   | –– |   |   |   | –– |   |
| Tax Fees           |   |   | 11,000         |   |   |   | 163,000 |   |
| All Other Fees     |   |   | –– |   |   |   | –– |   |
|               |   |   |           |   |   |   |   |   |
| Total Fees         |   | $      | 588,000        |   |   | $      | 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.                 |
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|   |                                                                               |
| 31.2*  | Rule 13a-14(a)/15d-14(a) Certification of Chief Financial Officer.                 |
|   |                                                                               |
| 32.1*  | Section 1350 Certification of Chief Executive Officer and Chief Financial Officer. |

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

|                        |   | RLJ ENTERTAINMENT, INC.       |
|-----------------------------|--------|-------------------------------|
|                        |   | A Nevada corporation          |
|                        |   |                          |
| Dated:  April 25, 2014 |   | /s/ MIGUEL PENELLA            |
|                        |   | MIGUEL PENELLA                |
|                        |   | Chief Executive Officer       |
|                        |   | (Principal Executive Officer) |

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