Feb 27 (Reuters) - RLJ Entertainment Inc:
* RLJ ENTERTAINMENT ANNOUNCES FORMATION OF SPECIAL COMMITTEE TO REVIEW PROPOSAL BY AMC NETWORKS
* SAYS BOARD GRANTED SPECIAL COMMITTEE INDEPENDENT AUTHORITY TO EVALUATE, RESPOND TO PROPOSED AMC NETWORKS DEAL
* SAYS SPECIAL COMMITTEE COMPOSED OF RLJE DIRECTORS ANDOR LASZLO AND SCOTT R. ROYSTER
* SAYS IN ORDER TO COMPLETE DEAL, AMC NETWORKS WILL NEED TO NEGOTIATE “ACCEPTABLE” DEAL TERMS OF 4 OUTSTANDING SERIES OF PREFERRED STOCK Source text for Eikon: Further company coverage: