February 4, 2005, the Securities and Exchange Commission filed civil charges against two former employees of Anchor Bay Entertainment, formerly owned by Handleman. The SEC's complaint, which was filed in the United States District Court for the Eastern District of Michigan, alleges that the two employees caused the company to enter into a 2 million-dollar fraudulent transactions. The transactions involved the purported sale of slow-moving or obsolete inventory to business partners coupled with secret buy-back provisions. The inventory included worthless video boxes and sleeves and DVDs for films. Handleman subsequently restated its financial statements to correct these accounting errors. In 2006, Liberty Media, the owner of the Starz cable network, purchased IDT Entertainment from IDT Corporation and renamed it Starz Media. In May 2007, Anchor Bay was renamed as Starz Home Entertainment (SHE). A month later, it was announced on June 19, 2007, that Starz Home Entertainment would begin releasing high-definition versions of its films exclusively in the Blu-ray format. In 2008, Starz Home Entertainment was changed back to Anchor Bay Entertainment. Sony Pictures Home Entertainment had a three-year deal with Anchor Bay Entertainment for worldwide DVD releases, with the exceptions of North America, Canada, Australia, and the United Kingdom. On January 4, 2011, Starz, LLC sold 25% of Starz Media to The Weinstein Company, which rendered Anchor Bay the de facto video distributor of films made by TWC and Dimension. Starz later bought back the Weinstein's stake in October 2015, with Anchor Bay continuing to release TWC and Dimension video releases. In early 2015, Anchor Bay UK (alongside Manga Entertainment UK) was bought from Starz by managing director Colin Lomax and renamed to Platform Entertainment. Kaleidoscope Film Distribution would acquire Platform in December 2016, with Manga Entertainment UK becoming a separate entity and operating on its own, which itself was eventually acquired by Funimation in 2019. On June 30, 2016, Lionsgate agreed to acquire Anchor Bay's parent company Starz Inc. for $4.4 billion in cash and stock. The Starz/Lionsgate merger was completed on December 8, 2016. On August 29, 2017, Anchor Bay was folded into Lionsgate Home Entertainment. From August 30, 2017 to 2021, Anchor Bay's website remained online, but with all the links broken. Licensed content Films Most of the libraries of EMI Films, and Alexander Salkind (via StudioCanal) (now handled by Lionsgate) Select 20th Century Fox titles under license from 20th Century Fox Home Entertainment Some of