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Alliance Entertainment Holding Corporation (NASDAQ: AENT) is a premier global distributor and wholesaler specializing in music, movies, video games, electronics, arcades, toys, and collectibles. With over 35 years of distribution experience, the company offers a vast catalog of 325,000 unique in-stock SKUs, including 57,300 exclusive compact discs, vinyl LP records, DVDs, Blu-rays, and video games. Beyond media, Alliance also stocks a full array of related accessories, toys, and collectibles.
Alliance Entertainment serves customers of all sizes, providing a comprehensive suite of services to resellers and retailers worldwide. The company's efficient processing and essential seller tools significantly reduce the administrative costs associated with managing multiple vendor relationships. These tools also assist omni-channel retailers in expanding their product selection and fulfillment goals.
Recently, Alliance Entertainment announced several significant developments:
- Financial Performance: The company reported strong financial results for Q2 FY 2024, including net revenues of $425.6 million and a gross profit increase of 128% to $47.7 million.
- Technological Advancements: Alliance installed Sure Sort® X, a cost-saving sortation technology, at its Kentucky facility, expected to save $400,000 annually in labor costs.
- Partnerships and Collaborations: The company extended its partnership with Cineverse Corp and Tsuburaya Fields Media & Pictures Entertainment, further expanding its distribution network and product offerings.
- Strategic Moves: Alliance has been highly focused on reducing inventory and debt, with significant year-over-year decreases in both.
Additionally, Alliance's AMPED Distribution arm has been active in launching new music releases, such as the highly anticipated album 'Coming Home' by Usher, aligning with major events like the Super Bowl. The company's participation in Record Store Day 2024 also set new sales records, driven by high-profile releases from artists like Taylor Swift and Pearl Jam.
For more information, visit www.aent.com.
Alliance Entertainment (AENT) has acquired Handmade by Robots, a collectible vinyl figures brand known for replicating knitted/crocheted plush toys aesthetics. The acquisition strengthens AENT's collectibles division and expands its licensed products portfolio. Handmade by Robots creates detailed vinyl figures featuring characters from major franchises like DC Comics, Ghostbusters, Harry Potter, and others.
The company plans to leverage its global distribution network across 72 countries and partnerships with major retailers like Costco, Walmart, Target, and Hot Topic to expand the brand's reach. Alliance will collaborate with previous owner BDA (Bensussen Deutsch & Associates) for design and manufacturing services. The brand will continue selling through handmadebyrobots.com and various social media channels, offering exclusive releases and chase versions.
Alliance Entertainment Holding (Nasdaq: AENT) announces an exclusive live investor webinar and Q&A session scheduled for December 10, 2024, at 4:15 p.m. ET. The event, hosted by RedChip Companies, will feature Chairman Bruce Ogilvie and CEO Jeff Walker discussing the company's position as the leading physical media distributor.
The presentation will highlight Alliance's dominant market position, emphasizing their extensive relationships with major content producers and retailers like Walmart, Amazon, and Best Buy, as well as thousands of independent stores globally. The company's business model as a capital-light, low-cost provider will also be discussed. Investors can register for free and submit questions before or during the event.
Alliance Entertainment's DS division (NASDAQ: AENT) has partnered with FIFTH SEASON for exclusive home entertainment distribution in the US and Canada. The agreement includes overseeing sales and packaging localization for critically acclaimed TV series. Initial releases include Nine Perfect Strangers, Truth Be Told, and the Emmy® Award-Winning Severance Season 1, launching December 17, 2024. This partnership strengthens Alliance Entertainment's position in physical media distribution, with exclusive partnerships representing 23% of their $1.1 billion revenue in fiscal year 2024.
Alliance Entertainment (AENT) reported strong Q1 FY2025 results with net revenue of $229 million. Key highlights include increased sales across vinyl (4.8%), CDs (4.0%), physical movies (13.2%), and gaming products (8.6%). Direct-to-Consumer sales grew to 34% of gross revenue, up from 30% year-over-year. The company achieved net income of $0.4 million, a $3.9 million improvement from prior year's loss, while Adjusted EBITDA improved to $3.4 million. Operating expenses decreased significantly, with distribution costs down 23% and SG&A down 9%. The company reduced its revolver debt by 33% to $85 million and decreased inventory levels to $138 million.
Sub Pop Records, through AMPED Distribution (Alliance Entertainment - Nasdaq: AENT), launched a major campaign with Barnes & Noble running from October 2, 2024, to January 5, 2025. The promotion features six exclusive edition color variant vinyl LPs sold exclusively at Barnes & Noble stores, including releases from Suki Waterhouse, Father John Misty, Beach House, Fleet Foxes, Soundgarden, and Orville Peck. Customers purchasing any Sub Pop vinyl or CD receive a free branded tote bag while supplies last. The campaign includes special store displays, social media promotion, and autographed vinyl giveaways at 16 new Barnes & Noble store openings in November 2024.
Alliance Entertainment (Nasdaq: AENT) announced it will host a conference call on November 12, 2024, at 4:30 p.m. Eastern Time to discuss first quarter fiscal 2025 results for the period ended September 30, 2024. Executive Chairman Bruce Ogilvie and CEO/CFO Jeff Walker will lead the call, which includes a Q&A session and presentation. The company, a global distributor of music, movies, toys, and electronics, offers over 325,000 unique SKUs, including 57,300 exclusive media items. The call will be available for replay through January 12, 2024.
Distribution Solutions, a division of Alliance Entertainment (NASDAQ: AENT), has secured an exclusive distribution partnership with Magenta Light Studios for physical home entertainment releases in the US and Canada. The agreement covers domestic sales, authoring, manufacturing, and trade marketing for all upcoming Magenta Light Studios physical releases. The partnership's first release will be Strange Darling, launching on DVD and Blu-ray on November 12, 2024. The horror film, which features Willa Fitzgerald and Kyle Gallner, achieved $3M at the domestic box office and holds a 95% Critics Score on Rotten Tomatoes with a Certified Fresh rating.
OPEX has installed its new Sure Sort X Automated Sorting System at Alliance Entertainment's Kentucky warehouse. The system enhances Alliance's supply chain capabilities, handling 90% of their inventory across various product lines including music, movies, toys, collectibles, and electronics. The Sure Sort X offers improved speed, efficiency, and flexibility compared to their previous sorting methods, particularly for larger items that were previously sorted manually. The implementation was completed in approximately two months with comprehensive training and support from OPEX.
RedChip Companies will air interviews with Alliance Entertainment Holding (Nasdaq:AENT) and Nova Minerals (Nasdaq:NVA) on the RedChip Small Stocks, Big Money™ show on Bloomberg TV on October 5, at 7 p.m. ET. Bruce Ogilvie, Executive Chairman of Alliance Entertainment, discusses the company's position as the leader in physical media distribution, highlighting its $4.6 million net income in fiscal 2024, a $40 million improvement from the previous year.
Christopher Gerteisen, CEO of Nova Minerals, presents the company's Estelle Gold Project in Alaska, which holds a 5.2 million ounce gold resource. Nova Minerals trades at A$6 per ounce of gold on an enterprise value basis, compared to the sector average of A$70/oz. The company is conducting a Feasibility Study expected to optimize project economics and incorporate critical minerals like antimony.
Alliance Entertainment Holding (Nasdaq: AENT), a global distributor and wholesaler of music, movies, video games, electronics, arcades, toys, and collectibles, announces an exclusive live investor webinar and Q&A session on October 15, 2024, at 4:15 p.m. ET. The event, hosted by RedChip Companies, will feature Chairman Bruce Ogilvie and CEO Jeff Walker discussing Alliance's position as the undisputed leader in physical media distribution.
Key highlights include:
- Alliance's extensive reach and scale create an impenetrable moat in the industry
- Fiscal 2024 saw a dramatic financial turnaround with $4.6 million in net income, a $40 million improvement from the previous year
- The company is positioned for continued success as a capital-light, low-cost provider
Investors can register for the free webinar and submit questions in advance or during the live event.
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