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 January 13, 1999 Date of Report (Date of earliest event reported) @Entertainment, Inc. - ------------------------------------------------------------------------------- (Exact name of Registrant as Specified in Charter) Delaware 000-22877 06-1487156 - ------------------------- ------------- ------------------- (State or Other Juris. of (Commission (IRS Employer Incorporation) File Number) Identification No.) One Commercial Plaza Hartford, Connecticut 06103-3585 - ------------------------------ (Address of Principal Executive Offices) (860) 549-1674 ------------------------------- (Registrant's telephone number, including area code) Item 5. Other Events. On January 13, 1999, @Entertainment, Inc. (the "Company") issued a press release relating to the proposed sale of preferred stock of the Company to Morgan Grenfell Private Equity Limited, with gross proceeds of approximately $50 million. This transaction is designed to occur concurrently with a debt offering that the Company intends to undertake. The Company's proposed debt offering is expected to yield gross proceeds of approximately $100 million. A copy of the press release is attached as Exhibit 99, and is incorporated herein by reference. 2 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. Number Description ------ ----------- 99 Press Release of @Entertainment, Inc. dated January 13, 1999. 3 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: January 13, 1999 By: /s/ DONALD MILLER-JONES -------------------------------- By: Donald Miller-Jones Its: Chief Financial Officer 4 EXHIBIT INDEX NUMBER DESCRIPTION PAGE 99. Press Release of @Entertainment, Inc. dated January 13, 1999. 5