CHATSWORTH, Calif.--(BUSINESS WIRE)--Nov. 3, 2005--Image Entertainment, Inc. (Nasdaq:DISK), a leading independent licensee, producer and distributor of home entertainment programming in North America, and Celestial Pictures have reached a long-term agreement under which Image has licensed the U.S. and Canadian video distribution rights to 30 titles from Celestial's Shaw Brothers library, the world's largest Chinese film Collection. Key titles to be distributed by Image include martial-arts classics such as "The Shadow Boxer," "Heaven and Hell," and "The Magic Blade."

Celestial's Shaw Brothers library encompasses 760 Chinese-language films, including many blockbusters featuring stars such as Ti Lung, Lily Ho, David Chiang, and Alexander Fu Sheng, and directed by the pioneers of the Hong Kong film industry such as Chang Cheh, Chu Yuan, and Li Han-hsiang. Under the agreement, Image will distribute Shaw Brothers classics ranging from martial arts to horror, and period dramas to action movies.

"Celestial's Shaw Brothers library is the most extensive collection of Chinese language films in the world," said Barry Gordon, senior vice president of worldwide programming of Image Entertainment. "There is a high demand for these hard-to-find titles of unsurpassed quality, and we will be working with Celestial to make their incredible movies more accessible to audiences throughout North America."

"Celestial Pictures is delighted to have created a long-term relationship for distribution with Image Entertainment, the leading independent home entertainment distributor in North America," said William Pfeiffer, Chief Executive Officer, Celestial Pictures. "Movies from Celestial's Shaw Brothers library are highly celebrated in North America, especially in the martial arts genre, for which the Shaw Brothers set the quality benchmark. We are excited that our partnership with Image will allow us to share the gems of Hong Kong cinema with our current fans as well as new audiences."

About Image Entertainment:

Image Entertainment, Inc. is a leading independent licensee, producer and distributor of home entertainment programming in North America, with approximately 3,000 exclusive DVD titles and over 200 exclusive CD titles in domestic release and approximately 300 programs internationally via sublicense agreements. For many of its titles, the Company has exclusive audio and broadcast rights and, through its subsidiary Egami Media, Inc., exclusive video on demand, streaming video and download rights. The Company is headquartered in Chatsworth, California, and has a domestic distribution facility in Las Vegas, Nevada. For more information about Image Entertainment, Inc., please go to www.image-entertainment.com

About Celestial Pictures Limited:

Celestial Pictures is a diversified entertainment company focusing on Asian-language film and television content including production, distribution and the operation of TV channels. Headquartered in Hong Kong, the company owns the Shaw Brothers film library, the world's largest Chinese film collection. Celestial Pictures is restoring the Shaw Brothers movies, and distributing these films into cinemas, and the worldwide television and home video market. In 2003, Celestial Pictures launched CELESTIAL MOVIES, the first global 24-hour Chinese-movie channel. CELESTIAL MOVIES is currently distributed in several countries, including Mainland China, Hong Kong, Taiwan, Malaysia, Indonesia, Singapore, Brunei, Thailand, Australia and New Zealand. With its synergistic businesses in origination, aggregation, distribution and the operation of television channels, Celestial Pictures is one of the few truly integrated media companies in Asia. Celestial Pictures is a subsidiary of ASTRO ALL ASIA NETWORKS plc (ASTRO).

About ASTRO ALL ASIA NETWORKS plc (ASTRO):

ASTRO, which is listed on Bursa Malaysia, is a leading regional cross-media operator specializing in the creation, aggregation and distribution of content across many platforms. It is the sole provider of Direct-To-Home satellite multi-channel television services in Malaysia and houses the country's largest television program production facility. ASTRO is the country's leader in commercial radio, and publishes Malaysia's most widely circulated magazine, the ASTRO Guide. The strength of these complementary brands has extended into interactive and multi-media services including provision of content for mobile telephony.

Forward-Looking Statements:

This press release may contain forward-looking statements which are based on the Company's current expectations, forecasts and assumptions. In some cases forward-looking statements may be identified by forward-looking words like "would," "intend," "hope," "will," "may," "should," "expect," "anticipate," "believe," "estimate," "predict," "continue," or similar words. Forward-looking statements involve risks and uncertainties which could cause actual outcomes and results to differ materially from the Company's expectations, forecasts and assumptions. These risks and uncertainties include risks and uncertainties not in the control of the Company, including, without limitation, the current economic climate and other risks and uncertainties, including those enumerated and described in the Company's filings with the Securities and Exchange Commission, which filings are available on the SEC's website at www.sec.gov. Unless otherwise required by law, the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

    CONTACT: Image Media/Corporate Contact:
             The Honig Company, Inc.
             Steve Honig, 310.246.1801
             press@honigcompany.com
               or
             Investor Relations:
             MKR Group, LLC
             Charles Messman or Todd Kehrli, 818.556.3700
             ir@mkr-group.com
               or
             Celestial Media Contact:
             Jessica Chan, Communications Manager
             +852 2927 1131
             Jessica.chan@celestialpictures.com
             www.celestialpictures.com

    SOURCE: Image Entertainment, Inc.