Private Media Group (PRVT)

Explanatory Note

This Current Report on Form 8-K/A (“Amendment No.1”) amends and supplements Private Media Group, Inc.’s (“Private”) Current Report on Form 8-K filed on January 23, 2009 (the “Initial Filing”), in which Private reported the closing of its acquisition of the business of Game Link LLC and its affiliate, eLine, LLC, on January 20, 2009 (the “acquired business”). This Amendment No. 1 is being filed to amend Items 9.01(a) and 9.01(b) of the Initial Filing to reflect that financial information related to the acquisition of the acquired business is not required to be filed under Article 3 or Article 11 of Regulation S-X. Except for the amendment of Items 9.01(a) and 9.01(b), this Amendment No. 1 does not amend the Initial Filing. The information previously reported in the Initial Filing is incorporated herein by reference.

After reviewing the financial statements of the acquired business, Private has determined that the historical financial statements of the acquired business are not required to be filed under Article 3 of Regulation S-X.

After reviewing the financial statements of the acquired business, Private has determined that pro forma financial information relating to the acquisition of the acquired business is not required to be filed under Article 11 of Regulation S-X.

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