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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTIONS 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
May 11, 1999
Date of Report (Date of earliest event reported)
@ Entertainment, Inc.
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(Exact name of Registrant as Specified in Charter)
Delaware 000-22877 06-1487156
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(State or Other Juris. of (Commission (IRS Employer
Incorporation) File Number) Identification No.)
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 May 11, 1999, @ Entertainment, Inc. (the "Company") issued a
press release related to the Company retaining Goldman Sachs & Co. to advise
the Board of Directors in discussions with potential strategic investors. A
copy of the press release is attached as exhibit 99 and is incorporated
herein by reference.
2
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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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<CAPTION>
Number Description
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<S> <C>
99 Press Release of @ Entertainment, Inc.
dated May 11, 1999.
</TABLE>
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
@ Entertainment, Inc.
Date: May 11, 1999 By: /s/ DONALD MILLER-JONES
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By: Donald Miller-Jones
Its: Chief Financial Officer
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EXHIBIT INDEX
NUMBER DESCRIPTION PAGE
99. Press Release of @ Entertainment, Inc. dated May 11, 1999.
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Exhibit 99
@ENTERTAINMENT, INC. RETAINS GOLDMAN, SACHS & CO. TO
EVALUATE STRATEGIC OPTIONS
Hartford, CT, May 11, 1999 -- @Entertainment, Inc. (Nasdaq:ATEN) announced today
that it has retained Goldman, Sachs & Co to advise its Board of Directors in
discussions it is having with potential strategic investors. These discussions
could entail the sale of all or part of the company.
The aforementioned remarks contain forward-looking statements that involve risks
and uncertainties including without limitation that the transactions under
consideration may not be achievable on favorable terms or at all.
@Entertainment, Inc. is the leading provider of pay television services in
Poland. The Company owns and operates Polska Telewizja Kablowa (PTK), the
largest cable television network in Poland with approximately 948,000
subscribers at March 31, 1999. The Company also owns and operates Wizja TV,
Poland's first digital DTH broadcasting service, which was officially launched
on September 18, 1998. @Entertainment also owns Wizja TV Spolka Produkcyjna, a
company which invests in the Polish television and film industry. @Entertainment
is traded on the Nasdaq Stock Exchange Market under the symbol: ATEN.
FOR FURTHER INFORMATION PLEASE CONTACT:
Robert E. Fowler, III Chris Plunkett/Mike Smargiassi
Chief Executive Officer Brainerd Communicators, Inc.
011-44-171-478-3800 212-986-6667
Richard Oldworth/Alison Howard
Buchanan Communications
011-44-171-466-5000