Entertainment Industry Leader Joins USA Video

Mr. Von Johnson Joins USA Video Advisory Board to Assist with Marketing the Company’s Anti-Piracy Technologies

USA Video Interactive Corporation (NASDAQ; OTCBB: USVO; TSX: US; BSE/Frankfurt: USF) today announced the appointment of Mr. Von Johnson to the Company’s Advisory Board.  Johnson, an entertainment industry veteran and multi-discipline expert who has worked with some of the industry’s premier companies and organizations, has joined USA Video to advice and position the company as the leading industry provider of digital content protection technologies.  Johnson will work with the USA Video management team to market the Company’s proprietary anti-piracy technologies, MediaEscort and SmartMarks, and provide business models and additional markets for their use via digital watermarking and fingerprinting. 

DreamWorks Animation Reports First Quarter 2009 Financial Results

DreamWorks Animation SKG, Inc. (Nasdaq: DWA) today announced financial results for its first quarter ended March 31, 2009. In the quarter, the Company reported total revenue of $263.5 million and net income of $62.3 million, or $0.71 per share on a fully diluted basis. This compares to revenue of $157.2 million and net income of $26.1 million, or $0.28 per share on a fully diluted basis, for the same period in 2008.

"This marks the Company's strongest first quarter ever, attributable primarily to the blockbuster performance of Madagascar: Escape 2 Africa, both at the international box office and in the domestic home video market," said Jeffrey Katzenberg, CEO of DreamWorks Animation. "Adding to our recent theatrical achievements, Monsters vs. Aliens is the highest-grossing film of the year to date and DreamWorks Animation's third consecutive domestic blockbuster in 10 months."

Image and Nyx Agree to Merger Agreement Amendment

Image Entertainment, Inc. (NASDAQ: DISK), a leading independent licensee, producer and distributor of home entertainment programming in North America, announced today that representatives of Image Entertainment and Nyx Acquisitions, Inc., an affiliate of Q-Black, LLC, agreed in principle to a third amendment to the amended merger agreement. Under the latest amendment, Image will receive a $1 million payment into its operating account on April 7, 2009 from Nyx. The $1 million payment will not form part of the merger consideration, and will be immediately available to Image. Nyx will not receive any capital securities or debt obligation from Image for the $1 million payment.

Image Entertainment and Nyx Working to Finalize Amendment to Merger Agreement Today

Image Entertainment, Inc. (NASDAQ: DISK), a leading independent licensee, producer and distributor of home entertainment programming in North America, announced today that it believes it is close to reaching an agreement to amend the merger agreement with Nyx Acquisitions, Inc.

The original terms of the merger agreement called for the merger to close on February 26, 2009, two days after the Image Entertainment stockholders approved the merger agreement. Under the terms of the merger agreement, Nyx agreed to acquire 100% of the outstanding common stock of Image Entertainment for $2.75 per share in cash. Nyx has reaffirmed that the purchase price will remain at $2.75 per share.