Sunrise, FL–(business wire) — Alliance Entertainment Holding Corporation (“Alliance Entertainment”), a distributor and wholesaler of the world’s largest selection of music, movies, video games, electronics, arcades and collectibles, today announced the launch of Distributor Streaming Services announced a partnership with Production company MUBI.
Dedicated to elevating great cinema, MUBI distributes, produces and champions visionary films from iconic to up-and-coming directors, connecting them with audiences around the world. The introduction of her MUBI into Alliance Entertainment’s distribution channels is a strategic opportunity for suppliers, retailers and Alliance Entertainment to increase revenue by diversifying their content offerings. Distribution Solutions, a division of Alliance Entertainment, will manage the sales and distribution of his MUBI physical sell-through releases in North America.
Partnership kicks off with feature film release Decision to move out Directed, co-written and produced by Park Chan-wook, the film had its world premiere in competition at the Cannes Film Festival, where it won Best Director and had its North American premiere at last week’s Toronto International Film Festival. MUBI will release Decision to move out It hits US theaters on October 14, 2022.
“MUBI is the perfect complement to our distribution portfolio,” said Ben Means, president of distribution solutions. “We look forward to working with their team to reach premium movie buyers in the U.S. market.”
“MUBI is thrilled to partner with Distribution Solutions to bring a strong curatorial voice to home entertainment in the United States. , plans to release the film on Blu-ray in deluxe edition.”
About movies
MUBI is a global streaming service, production company and film distributor dedicated to improving great movies. MUBI creates, acquires, curates, champions and connects visionary films with audiences around the world.
MUBI is the place to discover ambitious films, from iconic directors to up-and-coming directors. New curated films handpicked by MUBI’s curators arrive on the platform daily. Notebook explores all aspects of film culture, both in print and online. MUBI GO also allows members in select countries to get free tickets every week to see the best new movies in cinemas. Recent and upcoming MUBI releases include Park Chan-wook’s decision to leave, Joachim Trier’s Worst Man in the World, Lucas Don’t Close, Celine Sciamma’s Petit Maman, Charlotte Wells’ After Sun, and Leos Carax. Annette of Paul Verhoeven, Benedetta of Paul Verhoeven, Titan of Julia Ducournau, Memoria of Apichatpong Weerasethakul, First Cow of Kelly Reichardt, Limbo of Ben Sharrock, Ema of Pablo Larraín, Suspiria of Luca Guadagnino. MUBI co-productions include Michelle Franco’s upcoming film Memory, Mia Hansen Love’s One Fine Morning, Ekwa Musanghi’s Sundance Award-winning Farewell Amor, Rachel Lang’s Our Men “And so on.
MUBI is the largest community of movie lovers, available in 190 countries and with over 12 million members worldwide. MUBI acquired renowned distributor and production company 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 Adara Acquisition Corp. (NYSE: ADRA, ADRA.U, ADRA.WS) (“Adara”), a publicly traded special purpose acquisition company Did. The transaction is expected to close in the fourth quarter of 2022, at which time the combined company’s common stock will trade on the NYSE American under the ticker symbol “AENT.”
About Alliance Entertainment
Alliance Entertainment is a leading distributor of music, movies and consumer electronics. We offer 485,000 unique inventory SKUs, including over 57,300 exclusive compact discs, vinyl LP records, DVDs, Blu-rays, and video games. Complementing our extensive media catalog is a large selection of related accessories, toys and collectibles. With over 35 years of distribution experience, Alliance Entertainment serves customers of all sizes and offers a robust suite of services to resellers and retailers around the world. Our efficient processing and essential seller tools significantly reduce costs associated with managing multiple vendor 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 American under the ticker symbol NYSE: ADRA, ADRA.U, ADRA.WS. Adara is a blank check company organized for the purpose of a merger, stock swap, asset acquisition, stock purchase, capital increase, reorganization, or other similar business combination with one or more companies or entities. Adara is led by CEO Thomas Finke (Former Chairman and CEO of Barings LLC) and Director W. Tom Donaldson (Founder of Blystone & Donaldson). In addition to Finke and Donaldson, Adara’s board also includes Frank Quintero, Dylan Glenn and Beatrice Acevedo Greif.
For more information, 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 under the Private Securities Litigation Reform Act of 1995. “may”, “will”, “estimate”, “continue”, “predict”, “intend”, “expect”, “should”, “would”, “plan , “predict”, “may”, “seek”, “seek”, “future”, “prospect” and similar expressions that predict or indicate future events or trends; They are not statements. These forward-looking statements include estimates and forecasts of financial and performance indicators, forecasts of market opportunities, expectations and timing related to Alliance Entertainment’s business, customer growth and other business milestones, and proposals. including, but not limited to, statements regarding the potential benefits of the products identified. business combinations (“Proposed Transactions”) and expectations related to the timing of the proposed Transactions;
These statements are based on various assumptions, whether or not identified in this press release, are based on the current expectations of management of Adara and Alliance Entertainment, and are not projections of actual performance. There is none. These forward-looking statements are provided for illustrative purposes only and are not intended to act as guarantees, guarantees, projections or conclusive statements of fact or possibility and are not relied upon by investors. should not be. Actual events or circumstances may be difficult or impossible to predict and differ from assumptions. Many of the 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 international business, market, financial, political and legal conditions. the parties to the proposed transaction, including the risk of failure to obtain regulatory approval, the risk of delays, or exposure to unforeseen circumstances that may adversely affect the expected benefits of the combined company or of the proposed transaction; the inability to successfully or timely complete a transaction; Not approved by Adara or Alliance Entertainment shareholders. failure to realize the anticipated benefits of the proposed transaction; risks associated with the uncertainty of the forecast financial information regarding Alliance Entertainment; Risks associated with the music, video, games and entertainment industry, including changes in entertainment delivery formats. global economic conditions; the impact of competition on Alliance Entertainment’s future business; Risks associated with fulfillment networks. Risks associated with expansion and strain on Alliance Entertainment’s administrative, operational, financial and other resources. Performance and growth rate risks. Business could hurt the volume of redemption demands by Adara’s public shareholders. the factors described under the heading “Risk Factors” in Adara’s Annual Report on Form 10-K for the fiscal year ended December 31, 2021 and filed June 23, 2022; The current report on Form 8-K and Adara’s other documents have been or will be filed with the SEC.
No offer or solicitation
This notice does not constitute an offer to sell, or the solicitation of an offer to buy, or the solicitation of a vote or approval, in any such offer, solicitation, or other jurisdiction under the securities laws of any other jurisdiction. Selling prior to registration or qualification is illegal.