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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTIONS 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): June 1, 1998
@ Entertainment, Inc.
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(Exact name of Registrant as Specified in Charter)
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<S> <C> <C>
Delaware 000-22877 06-1487156
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(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
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One Commercial Plaza
Hartford, Connecticut 06103-3585
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(Address of Principal Executive Offices)
(860) 549-1674
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(Registrant's telephone number, including area code)
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Item 5. Other Events.
On June 1, 1998, @ Entertainment, Inc. (the "Company") announced that
it has terminated its letter of intent with Telewizyna Korporacja
Partycypacyjna ("TKP") and the shareholders of TKP, for the joint
development and operation of a digital direct-to-home ("DTH") television
service for the Polish market. A copy of the press release is attached as
Exhibit 99.1 and is incorporated herein by reference.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(a) Financial statements of businesses acquired.
Not applicable.
(b) Pro forma financial information.
Not applicable.
(c) Exhibits.
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Number Description
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99.1 Press Release of @ Entertainment, Inc.
dated June 1, 1998.
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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.
@ Entertainment, Inc.
Date: June 1, 1998 By: /s/ Przemyslaw Szmyt
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By: Przemyslaw Szmyt
Its: Vice President, Secretary
and General Counsel
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EXHIBIT INDEX
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Exhibit Number Description
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<S> <C>
99.1 Press Release of @ Entertainment, Inc. dated June 1, 1998.
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@ENTERTAINMENT PLANS SEPTEMBER 1998 DIGITAL TELEVISION LAUNCH IN POLAND,
TERMINATES LETTER OF INTENT TO DEVELOP POLISH LAUNCH WITH CANAL+
WARSAW (POLAND) June 1, 1998 -- @Entertainment, Inc. (NASDAQ: ATEN)
today announced that it has terminated its letter of intent with Telewizyna
Korporacja Partycypacyjna ("TKP"), the parent company of Canal+Polska, to
bring together @Entertainment's Wizja TV programming service and the CANAl+
Polska premium pay-television channel, and provide for the joint development
and operation of a digital direct-to-home ("DTH") television service for the
Polish market. The parties were unable to agree and execute definitive
agreements for the joint venture by the deadline set forth in the letter of
intent.
"We are disappointed that the parties were not able to come to an
agreement on all of the issues necessary to establish a joint venture between
us," said Bob Fowler, Chief Executive Officer of @Entertainment. "Even
though the letter of intent has been terminated, we have informed TKP that
we remain available to discuss the remaining issues that separate us. We are
resuming the launch process for Wizja TV and intend to launch the platform
this week on our cable television systems and in September 1998 for the DTH
market." The letter of intent had included a standstill agreement whereby
@Entertainment had agreed, for a period ending May 31, 1998, not to launch its
digital pay-television service in Poland.
@Entertainment is the developer of both Wizja TV programming and digital
DTH service. Through its Poland Communications, Inc. subsidiary, the Company
owns and operates the largest cable television network in Poland with 847,634
subscribers at April 30, 1998.
The aforementioned remarks contain forward-looking statements that
involve risks and uncertainties, including without limitation those related
to variables concerning the establishment or termination of the proposed
joint venture, and the timing of the launch for the Company's digital DTH
service.
Press contacts for @Entertainment Cathleen Mayrose (212-885-0474)
Przemyslaw Szmyt (011-48-22-608-9825)
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