Alliance Entertainment’s Distribution Solutions Announces Physical Media Partnership with MUBI

Florida Sunrise –(Business Wire)–Alliance Entertainment Holding Corporation (“Alliance Entertainment”), the world’s largest distributor and wholesaler of stock selections for music, movies, video games, electronics, arcades and collectibles, today announced a partnership with distributor streaming services Partnership and production company, MUBI.

MUBI is dedicated to elevating great films, distributing, producing and supporting visionary films from iconic to emerging directors, connecting them with audiences around the world. The introduction of MUBI into the Alliance Entertainment distribution channel is a strategic opportunity for suppliers, retailers and Alliance Entertainment to increase revenue through a diverse content offering. Distribution Solutions, a division of Alliance Entertainment, will manage the sales and distribution of MUBI’s physical distribution in North America.

Partnership will begin with feature film release decision to leave Directed, co-written and produced by Park Chan-wook, it won the Director Award following its world premiere in competition at Cannes and had its North American premiere at the Toronto International Film Festival last week. MUBI will be released decision to leave It opens in U.S. theaters on October 14, 2022.

“MUBI is the perfect addition to our distribution portfolio,” said Ben Means, President of Distribution Solutions. “We look forward to working with their team to reach buyers of quality movies in the U.S. market.”

“MUBI is excited to partner with Distribution Solutions to bring our powerful curatorial voice to home entertainment in the US,” said Chris Wells, MUBI US Distribution Director. “Not only will we have the best movies in theaters and streaming on MUBI, we will now also release our movies on deluxe Blu-ray.”

About Moby

MUBI is a global streaming service, production company and movie distributor dedicated to elevating great movies. MUBI produces, acquires, curates and supports visionary films, connecting them with audiences around the world.

MUBI is a place to discover ambitious films from iconic directors to emerging directors. Every day a new curated film appears on the platform, each handpicked by MUBI’s curators. Notebook explores every aspect of film culture—in print and online. With MUBI GO, members in select countries can get one free ticket per week to watch the best new movies in theaters. Some recent and upcoming MUBI releases include Park Chan-wook’s Decision to Leave, The Worst Man in the World by Joachim Trier, Close by Lukas Dhont, Petite Maman by Céline Sciamma, Aftersun by Charlotte Wells, Annette by Leos Carax, Paul Verhoeven Benedetta of Julia Ducournau, Titane of Julia Ducournau, Memoria of Apichatpong Weerasethakul, First Cow of Kelly Reichardt, Limbo of Ben Sharrock, Ema of Pablo Larraín and Suspiria of Luca Guadagnino; MUBI co-productions include Michel Franco’s upcoming film Memory, Mia Hansen- One Fine Morning by Løve, Sundance Award winner Farewell Amor by Ekwa Msangi and Our Men by Rachel Lang.

MUBI is the largest community of movie lovers, spanning 190 countries, with over 12 million members worldwide. MUBI acquired the renowned sales agency and production companies The Match Factory and Match Factory Productions in January 2022.

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”) The transaction is expected to close in the fourth quarter of 2022, at which time the combined company’s common stock is expected to trade on the NYSE American Stock Exchange 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 vast 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, stock 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 Mr. Donaldson, Adara’s Board of Directors 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, market opportunity forecasts, 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 express statements 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’ inability to complete the proposed transaction successfully or in a timely manner, including the failure to obtain any regulatory approval, delay 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; These factors are discussed in the annual report on Form 10-K for the fiscal year ended 31, entitled “Risk Factors,” as well as the current report on Form 8-K filed on June 23, 2022 and other Adara filings filed or to be filed to the SEC.

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