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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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Form 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): October 24, 1997
BRILLIANT DIGITAL ENTERTAINMENT, INC.
(Exact Name of Registrant as Specified in Charter)
DELAWARE 0-21637 95-4592204
(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
6355 Topanga Canyon Boulevard, Suite 120
Woodland Hills, California 91367
(Address of Principal Executive Offices)
(818)346-3653
(Registrant's Telephone Number)
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ITEM 5. OTHER EVENTS.
Reference is made to the press release of the Registrant, dated October
24, 1997 (the "Press Release"), relating to the Registrant's relationship
with Packard Bell NEC, which meets the requirements of this Form 8-K. A copy
of the Press Release is filed as Exhibit 99.1 to this Form 8-K.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
November 3, 1997 BRILLIANT DIGITAL ENTERTAINMENT, INC.
By: /s/ MICHAEL OZEN
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Michael Ozen
Chief Financial Officer
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EXHIBIT INDEX
EXHIBITS PAGE NUMBER
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99.1 Press Release of Registrant, dated October 24, 1997 5
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BRILLIANT DIGITAL ENTERTAINMENT, INC. COFFIN-Bullet- COMMUNICATION COFFIN-Bullet-MOTTOLA COMMUNICATIONS
6355 Topanga Canyon Boulevard, #120 15300 Ventura Blvd. #303 19800 MacArthur Blvd. #670
Woodland Hills, California 91367 Sherman Oaks, CA 91403 Irvine, CA 92715
(818)346-3653 (818)789-0100 (714)851-1109
CONTACT: CONTACT: CONTACT:
Michael Ozen Bill Coffin Christi Mottola
Chief Financial Officer Investor Relations Press Relations
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FOR IMMEDIATE RELEASE:
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October 24, 1997
BRILLIANT DIGITAL ENTERTAINMENT AND PACKARD BELL NEC
STRENGTHEN ALLIANCE
LOS ANGELES, CA - October 24, 1997 - Brilliant Digital Entertainment, Inc.
(AMEX:BDE), announced an agreement today which strengthens Packard Bell NEC's
and Brilliant Digital Entertainment's current strategic alliance. The
agreement provides for Packard Bell NEC to pay Brilliant Digital for
Multipath Movies bundled on Packard Bell multimedia computers over the
initial twelve month period of their three year deal. In return, Packard Bell
will receive a portion of the net Internet revenues generated by these
Multipath Movies. As part of this agreement Packard Bell NEC has received
additional warrants to purchase Brilliant Digital common stock.
This new agreement is an amendment to an existing agreement between the
parties signed in September 1996. The prior agreement requires Packard Bell
to bundle Multipath Movies on up to 6 million Packard Bell NEC multimedia
computers over a three year period. Packard Bell will provide point-of-sale
advertising for Brilliant's Multipath Movies, as well as prominently display
the Company's icon on both the computer desktop and on its Planet Oasis web
page. Except as described above, no material terms of the previous agreement
have been revised.
"We are very pleased to be aligned with the world's number one selling home
computer manufacturer. This expansion of our original agreement with Packard
Bell further demonstrates their confidence in our company and belief in the
future of Multipath Movies," said Mark Dyne, Chairman and CEO of Brilliant
Digital Entertainment. "This alliance is one more step towards continuing to
build our strategic relationships within the computer and entertainment
industries."
BDE recently announced an agreement with Universal Studios Consumer Products
Group to produce Multipath Movie episodes using story scripts from the highly
rated, live action television series XENA: WARRIOR PRINCESS and animated
character designs from the direct-to-video motion picture, HERCULES & XENA
THE ANIMATED MOVIE: "THE BATTLE FOR MOUNT OLYMPUS."
Brilliant's other strategic alliances include: Morgan Creek Productions to
develop Multipath Movies for the "ACE VENTURA: PET DETECTIVE" and "ACE
VENTURA: WHEN NATURE CALLS" films, King Features Syndicated for the "POPEYE"
series, Crawford Productions, and EXCLUSIVE worldwide rights to Bantam
Doubleday Dell books for Young Readers for the successful "CHOOSE YOUR OWN
NIGHTMARE" and "CHOOSE YOUR OWN ADVENTURE" series of interactive books.
Brilliant Digital Entertainment is the production studio responsible for the
creation of Multipath Movies, a new generation of digital entertainment to be
distributed over the Internet, on CD-ROM, as television programming, and for
home video. Multipath Movies utilize proprietary, technologically advanced
software tools to produce three-dimensional, digitally animated stories, each
with hundreds of plot alternatives that lead to multiple, distinct
conclusions that are influenced by the user.
Statements in this news release that relate to future plans, financial
results or projections, events or performance are forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Act of 1934, as amended. Actual results may
differ materially due to a variety of factors. Information about certain of
these factors is contained in the Company's most recently filed Form 10KSB
report and are available from Brilliant Digital Entertainment's Investor
Relations department and may be obtained by calling or writing.
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/s/MICHAEL OZEN, Chief Financial Officer October 24, 1997
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Signed and Approved Date
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