Image Entertainment Inc. said its recent agreement with Relativity Media LLC will net DVD revenues in the range of $60 million to $90 million in calendar 2007 and $140 million to $210 million in 2008. The Chatsworth-based company, which licenses, produces and distributes entertainment programming, said it expects to release three motion picture DVDs in 2007 and seven in 2008. Image in recent weeks signed a 10-year agreement to distribute theatrical motion pictures independently financed and produced by Relativity for home video and digital formats. The agreement involved a stock swap making Relativity one of Image’s largest shareholders.
