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Minneapolis, January 18, 2023–(Business Wire) — Distribution Solutions, a division of Alliance Entertainment Holding Corporation (“Alliance Entertainment”), announced today that it has expanded its partnership with the Criterion Collection, a collection of critical classic and contemporary films on home video.
With this expansion, Distribution Solutions will continue to distribute the Criterion Collection titles in physical media spaces across the United States and provide all behind-the-scenes 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’re proud to support their commitment to distributing their premier catalog to fans who appreciate classic and contemporary films from arthouse and independent filmmaking.”
“We are pleased to continue our partnership with Distribution Solutions and will continue to work together to bring our line of 4K, Blu-ray™ and DVD releases to market,” said Jonathan Turell, CEO of Criterion.
In addition to the recently released Wali, dog power, malcolm xand Infernal Affairs TrilogyCriterion has announced an upcoming hollywood shuffle, last hurray of chivalry, Inland Empireand sad triangle.
To date, Distribution Solutions has distributed more than 650 titles for Criterion.
About the Standard Series
Since 1984, the Criterion Collection has been publishing important classic and contemporary films from around the world in the highest technical quality and in award-winning original supplements. No matter the medium – from laser disc to DVD, Blu-ray, 4K Ultra HD to streaming – Criterion has maintained its groundbreaking commitment to presenting the making of each film through state-of-the-art restorations with exceptional features What the reader wants to see is designed to encourage repeat viewing and deepen the viewer’s appreciation of the art of cinema.For more information, please visit www.criterion.com.
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.
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”).
About Adara Acquisition Corp.
Adara raised $115 million in February 2021 and its securities are listed on the New York Stock Exchange in the United States under the ticker symbol “NYSE: ADRA, ADRA.U, ADRA.WS”. Adara is a blank check company with the intent to enter 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 Mr. Donaldson, Adara’s Board of Directors includes Frank Quintero, Dylan Glenn and Beatriz Acevedo-Greiff.
To learn more, visit: https://www.adaraspac.com
forward-looking statement
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, the potential benefits of a proposed business combination (the “Proposed Transaction”), and Expectations related to the timing of the proposed transaction.
These statements are based on various assumptions (whether or not indicated in this press release) and the current expectations of Adara’s and 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 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 transaction, including failure to obtain any regulatory approvals, delays or Risk of unforeseen circumstances that could adversely affect the combined company or the expected benefits of the proposed transaction Non-approval by Adara or Alliance Entertainment shareholders; Failure to realize expected benefits of the proposed transaction; Uncertainty with Alliance Entertainment’s projected financial information related risks; 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 pressure on Alliance Entertainment’s management, operations, financial and other resources; risks associated with operating results and growth rates; the possibility that the business could be harmed by redemption requests from Adara’s public shareholders; those factors discussed under the heading “Risk Factors” in its Annual Report on Form 10-K for the fiscal year ended June 23, 2022, and its Current Report on Form 8-K filed on June 23, 2022 and Adara’s other filings have been or will be filed with U.S. Securities and Exchange Committee for the record.
no offer or solicitation
This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or the solicitation of any vote or approval, nor shall there be any sale of any securities in any state or jurisdiction in which such offer, solicitation or consent is given. A sale prior to registration or qualification would be illegal under the securities laws of such other jurisdictions.
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contact person
For investor inquiries, please contact:
Mingzheng Group
Chris Tyson/Larry Holub
(949) 491-8235
AENT@mzgroup.us
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