Lionsgate has moved another step closer towards buying Image Entertainment.

In a story from The Hollywood Reporter, a Delaware court has ruled "that Image's entire board will be up for election at their next shareholders meeting. Vancouver-based Lionsgate, Image's second-largest shareholder with a 18.94% stake, had petitioned the Delaware Court of Chancery to stop the California-based DVD distributor from only putting a few of its boardroom seats up for grabs at the 2006 annual general meeting to better fend off a hostile takeover bid."

Chancellor William B. Chandler III made it clear that Image could not put forth "staggered terms for its board members in time for its 2006 shareholders meeting later this year."

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Brian B.