Several new bits of information have come out over the last couple of days since Sentai announced the K-ON! Movie license, not the least of which is the announcement of the release date: May 21st will see the release of the movie on Blu-Ray and DVD, with SRPs at $39.98 and $29.98, respectively. Bonus features will include: Interviews, K-ON's Anniversary, 1-2-3 K-ON!, Live Event, K-ON in London, trailer, teaser, and clean opening/closing animation. The (possibly not final) cover has surfaced as well, based on the Japanese regular edition’s cover. Credit goes to the always-on-top-of-things WTK.
In related news, Manga Entertainment announced in their most recent podcast their license of the movie for the UK market, and their intention to release it on DVD and Blu-Ray later this year. They also implied that they are likely to license season 2 of the TV anime. No word on whether UK fans can expect a Blu-Ray release of the series.