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Florida Sunrise –(Business Wire)–Alliance Entertainment Holding Corporation (“Alliance Entertainment”), the world’s largest distributor and wholesaler of music, film, video game, electronics, arcade and collectible stock options, today announced the sale of its entire 28,000 Funko® FUNKO POP ‘s latest exclusive product! Animation: Naruto 2 Pack Hashirama and Tobirama.
Announced to the public on August 25, 2022 at 10:00AM PDT / 1:00PM ET, the limited-edition collectible sold out 28,000 units in less than an hour. This product will ship to our customers in mid-November, just in time for Naruto fans to celebrate the holidays with two of their favorite characters from this classic anime series.
Tony Moyers, Vice President of Consumer Products, said: “Our success in anime as a whole and our previous Naruto Funko Pop Exclusive (#578 Itachi) sales of over 100,000 units made this limited edition 2-pack an obvious choice for the ultimate fan. Naruto. Over the next few months, we plan to launch more limited-edition exclusive Funko POPs covering all aspects of entertainment and pop culture that Alliance Entertainment excels at promoting and distributing.”
For inquiries about this and other exclusive items or suppliers, and for information on how to open a wholesale account with Alliance Entertainment, please contact us https://www.aent.com/customer.
On June 23, 2022, Alliance Entertainment announced that it will go public through a merger transaction with publicly traded special purpose acquisition company Adara Acquisition Corp. (NYSE: ADRA, ADRA.U, ADRA.WS) (“Adara”) Listing. The transaction is expected to close in the fourth quarter of 2022, at which time the combined company’s common stock is expected to be listed on the New York Stock Exchange US under the ticker symbol “AENT”.
About Alliance Entertainment
Alliance Entertainment is a major distributor of music, movies and consumer electronics. We offer 485,000 unique stock SKUs, including over 57,300 exclusive discs, vinyl LPs, DVDs, Blu-rays and video games. Complementing our extensive media catalogue, we also stock a full range of related accessories, toys and collectibles. With over 35 years of distribution experience, Alliance Entertainment serves clients of all sizes, providing a robust suite of services to dealers and retailers worldwide. Our efficient processing and essential seller tools significantly reduce the costs associated with managing multiple supplier relationships, while helping omnichannel retailers expand their product selection and fulfillment goals.For more information, please visit www.aent.com.
About Adara Acquisition Corp.
Adara raised $115 million in February 2021 and its securities are listed on the NYSE US under the ticker symbols “NYSE: ADRA, ADRA.U, ADRA.WS”. Adara is a blank check company for the purpose of entering into a merger, share exchange, asset acquisition, stock purchase, recapitalization, restructuring or other similar business combination with one or more businesses 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 Mr. Finke and Donaldson, Adara’s board includes Frank Quintero, Dylan Glenn and Beatriz Acevedo-Greiff.
To learn more, please visit: https://www.adaraspac.com
forward-looking statements
Certain statements contained in this press release that are not historical facts are forward-looking statements for purposes of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are often accompanied by words such as “believe, “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “anticipate,” “should,” “will,” “plan,” “forecast,” “potential,” “appears,” “seeks,” “future,” “outlook,” and similar expressions that predict or indicate future events or trends or statements that are not historical events. These forward-looking statements include, but are not limited to, statements regarding financial Estimates and projections of and performance indicators, forecasts of market opportunities, expectations and timing related to Alliance Entertainment’s business, customer growth and other business milestones, statements of proposed potential benefits of a business combination (the “Proposed Transaction”), and the timing of the proposed transaction related expectations.
These statements are based on various assumptions, whether identified in this press release or not, and the current expectations of Adara and Alliance Entertainment management, rather than projections of actual performance. These forward-looking statements are for illustrative purposes only and are not intended to be, and should not be relied upon by, investors as assurances, assurances, forecasts or statements of certainty of fact or probability. Actual events and situations are difficult or impossible to predict and differ from assumptions. Many actual events and situations 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 parties’ failure to successfully or timely complete the proposed transaction, including the failure to obtain any regulatory approvals, delays or the risk of unanticipated events that could adversely affect the combined company or the expected earnings of the proposed transaction, or the lack of approval by Andara or Alliance Entertainment stockholders; the failure to realize the expected earnings of the proposed transaction; the inconsistency with Alliance Entertainment’s projected financial information risks related to uncertainty; risks related to the music, video, gaming and entertainment industries, including changes in the form of entertainment delivery; global economic conditions; the impact of competition on the future business of Alliance Entertainment; risks related to fulfillment networks; related to expansion risks and pressure on Alliance Entertainment’s management, operations, financial and other resources; risks associated with operating results and growth rates; redemption requests by Adara’s public shareholders that could harm the business; Factors discussed in the annual report on Form 10-K for the fiscal year ended 31, entitled “Risk Factors,” and in the current report on Form 8-K filed on June 23, 2022 and other Adara filings that are or will be filed with the SEC .
no offer or solicitation
This communication does not constitute an offer to sell or a solicitation of an offer to buy any securities or a solicitation of any vote or approval, nor shall it constitute an offer to sell or an invitation to sell prior to registration or qualification under the securities laws of such other jurisdictions. is illegal.
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