Irvine, CA, March 9, 2023–(Business Wire)–AMPED Distribution, a division of Alliance Entertainment Holding Corporation (OTC: ADRA) (“Alliance Entertainment”, the “Company”), is the world’s largest distributor of music, film, video game, electronics inventory selection and wholesalers, arcades, and collectibles, are proud to announce their tenth anniversary in business, strong and positive. The label has enjoyed extraordinary success in the music industry, with 26 nominations and an impressive seven wins among distribution labels at the 2023 Grammy™ Awards.
Alliance Entertainment CEO Jeff Walker commented: “We are extremely proud of the success our distributed artists have had at the Grammys as we continue to offer their physical CDs and vinyls to all retailers and internet sites records and have inventory to support their sales”
AMPED-Distributed Label Dominates 2023 Grammy Awards, Veteran Artist Bonnie Raitt (Redwing Records) Leads the Way with Craved Song of the Year, Best American Performance and Best American Roots Song “Win three well-deserved awards” for her album “Like That…”. Latin icons Rueben Blades & Boca Livre (Rueben Blades Prods) also won a Grammy for “Best Latin Pop” for “Pasieros” Album” award. Other notable awards include “Best American Roots Performance” by Aaron Neville and the Dirty Twelve Brass Band (Petaluma Records), “Best Jazz Solo Impromptu” by Wayne Shorter (Candid), and Terri “Best Jazz Instrumental Album” by Lyne Carrington (Candid).
In addition to their impressive win at the 2023 Grammy Awards, AMPED-released artists are also dominating the Billboard™ charts in 2022, with 11 No. 1 hit albums. Among these artists are Five Finger Death Punch, Yeah Yeah Yeahs, Alicia Keys and more. AMPED-published artists have reached #1 on various Billboard™ charts more than 133 times throughout the year, a remarkable achievement for an independent publisher.
AMPED continues to be a driver of vinyl and compact disc sales, outperforming industry trends in both configurations. The resurgence of vinyl has created a need for efficient physical forward market distribution in recent years as many distributors have reduced their physical distribution commitments. AMPED has revamped their sales and marketing systems to enhance the digital efforts of many well-known record labels, driving multiple forms of sales.
About AMPED Distribution
AMPED is one of the fastest growing top independent publishers, developing and growing independent artists and labels around the world. Part of Alliance Entertainment, AMPED provides the independent community with access to a global distribution system with the largest sales force, experienced and skilled staff, and a suite of services and data that is second to none. AMPED’s customer base is the largest in the industry, serving brick and mortar retailers large and small, as well as (DTC) direct consumers. AMPED’s growing label portfolio includes Believe Digital, Better Noise, Big Loud, Cleopatra Records, Compass Records, Earache, Empire, Epitaph Records, Exceleration Music (Alligator Records, Bloodshot Records, Candid, Side One Dummy, Tangerine) Fuga, GoodToGo, Herp Alpert Presents, Hopeless Records, Integral (PIAS, Harmonia Mundi), Kai Media, Kartel, Lex Records, Mascot, Merge Records, MNRK (eOne, Dualtone), Nettwerk Music Group, Nuclear Blast, Polyvinyl, Proper Music Group, Reservoir Media (Chrysalis, Tommy Boy), Ruf Records, Secretly Music Group, Shanachie, Smithsonian Folkways, Soul Food, Sub Pop, Tuff Gong, Warner Classics and many more.
About Union Entertainment
Alliance Entertainment is a major distributor of music, movies and consumer electronics. We offer 485,000 unique inventory SKUs, including over 57,300 exclusive discs, vinyl LPs, DVDs, Blu-rays and video games. In addition to our extensive media catalog, we stock a full range of related accessories, toys and collectibles. With over 35 years of distribution experience, Alliance Entertainment serves clients of all sizes, offering a robust suite of services to resellers 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 achieve their goals.For more information, please visit www.aent.com.
Certain statements contained in this press release that are not historical facts are forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are often identified by words such as “believes,” “may,” “will,” “estimates,” “continues,” “expects,” “intends,” “anticipates,” “should,” “will,” “plans,” “Predicts,” “potential,” “seems,” “seeks,” “future,” “outlook” and similar expressions that predict or indicate future events or trends, or are not statements of historical events. These forward-looking statements include, but do not Limited to statements regarding estimates and forecasts of financial and performance metrics, market opportunity projections, expectations and timing related to Alliance Entertainment’s business, customer growth and other business milestones.
These statements are based on various assumptions (whether or not indicated in this press release) and the current expectations of Alliance Entertainment’s management and are not predictions of actual performance. These forward-looking statements are made for illustrative purposes only and are not intended to be, and should not be relied upon by, investors as guarantees, guarantees, predictions or express statements of fact or likelihood. Actual events and circumstances are difficult or impossible to predict and will differ from those assumed. Many actual events and circumstances are beyond the control of Alliance Entertainment.
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; failure to realize expected benefits of the merger; uncertainties related to Alliance Entertainment’s projected financial information risks related to the music, video, gaming and entertainment industries, including changes in entertainment delivery formats; global economic conditions; the impact of competition on Alliance Entertainment’s future business; risks related to fulfillment networks; risks related to expansion and Alliance Entertainment Stress on Management, Operations, Financial and other Resources of Entertainment; Risks Related to Operating Results and Growth Rate; Risks Related to Alliance Entertainment’s High Indebtedness, including Risk of Breach of Covenant; Amount of Redemption Request to be Paid to Adara’s Public Shareholders and Adara Acquisition Corp.’s Definitive Proxy Statement on Form S-4 filed with the SEC on December 12, 2022 under the heading “Risk Factors” and Alliance Entertainment’s June 23 Those factors discussed in the current report on Form 8-K, 2022 and other documents that Alliance Entertainment has filed or will file with the SEC.
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