MINNEAPOLIS, January 18, 2023–(BUSINESS WIRE)–Distribution Solutions, a division of Alliance Entertainment Holding Corporation (“Alliance Entertainment”), a distributor and wholesaler of the world’s largest stock selection of music, movies, video games, electronics , recreational games and collectibles. , announced today that it has expanded its partnership with the Criterion Collection, an ongoing series of major classic and contemporary films on home video.
With this extension, Distribution Solutions continues its distribution of Criterion Collection titles in the US physical media space, along with all back-end services, including inventory, order management and financial services .
“We look forward to continuing our partnership with Criterion,” said Ben Means, president of Distribution Solutions. “We are proud to support their dedication to distributing their bookshelf catalog to appreciative fans of classic and contemporary arthouse and independent films.”
“We are delighted to continue our partnership with Distribution Solutions and will continue to work together to bring our collection of 4K, Blu-ray™ and DVD editions to market,” said Jonathan Turell, CEO of Criterion.
In addition to the recent releases of Wall-E, The power of the dog, Malcolm Xi The Infernal Affairs TrilogyCriterion has announced the upcoming releases of Hollywood Shuffle, Last Hurray for the Cavalry, Inland Empirei Triangle of sadness.
To date, Distribution Solutions has distributed over 650 titles for Criterion.
About The Criterion Collection
Since 1984, the Criterion Collection has been dedicated to publishing major classic and contemporary films from around the world in editions that offer the highest technical quality and award-winning, original supplements. Regardless of the medium (from laserdisc to DVD, Blu-ray, 4K Ultra HD to streaming), Criterion has maintained its pioneering commitment to presenting each film as its creator intended it to be seen, in restorations of latest generation with special features. designed to encourage repeat viewing and deepen the viewer’s appreciation for the art of cinema. For more information, visit www.criterion.com.
About Alliance Entertainment
Alliance Entertainment is a leading distributor of music, movies and consumer electronics. We offer 485,000 unique SKUs in stock, including over 57,300 exclusive CDs, vinyl LPs, DVDs, Blu-rays and video games. Complementing our extensive catalog of media, we also stock a full range of related accessories, toys and collectibles. With over thirty-five years of distribution experience, Alliance Entertainment serves clients of all sizes, offering a robust suite of services to distributors and retailers worldwide. Our efficient processing and essential seller tools dramatically reduce the costs associated with managing multiple supplier relationships while helping omnichannel retailers expand product selection and fulfillment goals. For more information, visit www.aent.com.
On June 23, 2022, Alliance Entertainment announced that it will go public through a merger transaction with Adara Acquisition Corp. (NYSE: ADRA, ADRA.U, ADRA.WS) (“Adara”), a publicly traded special purpose acquisition company. .
About Adara Acquisition Corp.
Adara raised $115 million in February 2021 and is listed on the NYSE American under the symbols “NYSE: ADRA, ADRA.U, ADRA.WS.” Adara is a blank check company organized for the purpose of effecting a merger, stock exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more companies or entities . Adara is led by its CEO, Thomas Finke (former chairman and CEO of Barings LLC) and its director, W. Tom Donaldson (founder of Blystone & Donaldson). In addition to Messrs. Finke and Donaldson, Adara’s Board of Directors also includes Frank Quintero, Dylan Glenn and Beatriz Acevedo-Greiff.
For more information, visit: https://www.adaraspac.com
Certain statements included in this press release that are not historical facts are forward-looking statements for purposes of the safe harbor provisions of the US Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally accompanied by words such as “believe,” “may,” “estimate,” “continue,” “anticipate,” “attempt,” “expect,” “should,” “should,” “plan,” “predict,” “potential” “seem “, “seek”, “future”, “outlook” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements about estimates and forecasts of financial and performance metrics, projections of market opportunities, expectations and timing related to Alliance Entertainment’s business, customer growth and other business milestones, profits potential of the proposed proposal. business combination (the “Proposed Transactions”) and expectations relating to the timing of the proposed transactions.
These statements are based on various assumptions, whether or not identified in this press release, and the current expectations of the management of Adara and Alliance Entertainment and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as a guarantee, warranty, prediction or definitive statement of fact or probability and should not be relied upon by an investor. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Alliance Entertainment and Adara.
These forward-looking statements are subject to a number of risks and uncertainties, including changes in domestic and foreign business, market, financial, political and legal conditions; the inability of the parties to successfully or timely complete the proposed transactions, including the risk that regulatory approvals are not obtained, are delayed or are subject to unforeseen conditions that could adversely affect the combined company or the expected benefits of the proposed transactions or that the approval of Adara or Alliance Entertainment stockholders is not obtained; failure to achieve the anticipated benefits of the proposed transactions; risks related to the uncertainty of projected financial information with respect to Alliance Entertainment; risks related to the music, video, gaming and entertainment industry, including changes in entertainment delivery formats; global economic conditions; the effects of competition on Alliance Entertainment’s future business; risks related to the compliance network; risks related to expansion and strain on Alliance Entertainment’s operational, financial and management resources; risks related to operating results and growth rate; the business could be harmed by the number of bailout requests made by Adara’s public shareholders; and the factors discussed in Adara’s Annual Report on Form 10-K for the fiscal year ended December 31, 2021 under the heading “Risk Factors” and the Current Report on Form 8- K filed June 23, 2022 and other Adara documents. filed with, or to be filed with, the SEC.
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