Alliance Entertainment Holding Corporation (“Alliance
Entertainment”), a distributor and wholesaler of the world’s
largest in stock selection of music, movies, video games,
electronics, arcades, and collectibles, today announced the sale of
its complete run of 28,000 units of its latest exclusive from
Funko® FUNKO POP! ANIMATION: Naruto 2 Pack Hashirama &
Tobirama.
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the full release here:
https://www.businesswire.com/news/home/20220826005087/en/
FUNKO POP! ANIMATION: Naruto 2 Pack
Hashirama & Tobirama (Graphic: Business Wire)
This limited-edition collectible was announced to the public on
August 25, 2022, at 10:00AM PDT/1:00PM EDT and sold out the
complete run of 28,000 units in less than one hour. The product
will ship to our customers in mid-November, just in time for Naruto
fans to celebrate the holidays with two of their favorite
characters from this classic Anime series.
Tony Moyers, VP of Consumer Products, said, “Our success with
Anime overall and with our previous Naruto Funko Pop Exclusive
(#578 Itachi) selling over 100,000 units made this limited edition
2-pack an obvious choice to create for the ultimate fans of Naruto.
Over the coming months, we have more Limited Edition Exclusive
Funko POPs planned that touch every facet of the Entertainment and
Pop Culture universe that Alliance Entertainment excels in
promoting and distributing.”
For inquiries on this item and other exclusive items or vendors
and for information on how to open a wholesale account with
Alliance Entertainment please contact us
https://www.aent.com/customer.
On June 23, 2022, Alliance Entertainment announced that it will
become publicly listed through a merger transaction with Adara
Acquisition Corp. (NYSE: ADRA, ADRA.U, ADRA.WS) (“Adara”), a
publicly traded special purpose acquisition company. The
transaction is expected to close in the fourth quarter of 2022, at
which point the combined company’s common stock is expected to
trade on the NYSE American under the ticker symbol “AENT”.
About Alliance Entertainment
Alliance Entertainment is a premier distributor of music,
movies, and consumer electronics. We offer 485,000 unique in stock
SKUs, including over 57,300 exclusive compact discs, vinyl LP
records, DVDs, Blu-rays, and video games. Complementing our vast
media catalog, we also stock a full array of related accessories,
toys and collectibles. With more than thirty-five years of
distribution experience, Alliance Entertainment serves customers of
every size, providing a robust suite of services to resellers and
retailers worldwide. Our efficient processing and essential seller
tools noticeably reduce the costs associated with administrating
multiple vendor relationships, while helping omni-channel retailers
expand their product selection and fulfillment goals. For more
information 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 symbols “NYSE:
ADRA, ADRA.U, ADRA.WS”. Adara is a blank check company organized
for the purpose of effecting a merger, share exchange, asset
acquisition, stock purchase, recapitalization, reorganization, 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 Messrs. Finke and
Donaldson, Adara’s Board of Directors also include Frank Quintero,
Dylan Glenn and Beatriz Acevedo-Greiff.
To learn more, please visit: https://www.adaraspac.com
Forward Looking Statements
Certain statements included in this press release that are not
historical facts are forward-looking statements for purposes of the
safe harbor provisions under the United States Private Securities
Litigation Reform Act of 1995. Forward-looking statements generally
are accompanied by words such as “believe,” “may,” “will,”
“estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,”
“would,” “plan,” “predict,” “potential,” “seem,” “seek,” “future,”
“outlook,” and similar expressions that predict or indicate future
events or trends or that are not statements of historical matters.
These forward-looking statements include, but are not limited to,
statements regarding estimates and forecasts of financial and
performance metrics, projections of market opportunity,
expectations and timing related to Alliance Entertainment’s
business, customer growth and other business milestones, potential
benefits of the proposed business combination (the “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, and on the current
expectations of Adara’s and Alliance Entertainment’s management and
are not predictions of actual performance. These forward-looking
statements are provided for illustrative purposes only and are not
intended to serve as, and must not be relied on by an investor as,
a guarantee, an assurance, a prediction, or a definitive statement
of fact or probability. Actual events and circumstances are
difficult or impossible to predict and will differ from
assumptions. 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 consummate the
Proposed Transactions, including the risk that any regulatory
approvals are not obtained, are delayed or are subject to
unanticipated conditions that could adversely affect the combined
company or the expected benefits of the Proposed Transactions or
that the approval of the stockholders of Adara or Alliance
Entertainment is not obtained; failure to realize the anticipated
benefits of the Proposed Transactions; risks relating to the
uncertainty of the projected financial information with respect to
Alliance Entertainment; risks related to the music, video, gaming,
and entertainment industry, including changes in entertainment
delivery formats; global economic conditions; the effects of
competition on Alliance Entertainment’s future business; risks
related to fulfillment network; risks related to expansion and the
strain on Alliance Entertainment’s management, operational,
financial, and other resources; risks related to operating results
and growth rate; the business could be harmed the amount of
redemption requests made by Adara’s public stockholders; and those
factors discussed in Adara’s Annual Report on Form 10-K for the
fiscal year ended December 31, 2021 under the heading “Risk
Factors,” and the Current Report on Form 8-K filed on June 23, 2022
and other documents of Adara filed, or to be filed, with the
SEC.
No Offer or Solicitation
This communication does not constitute an offer to sell or the
solicitation of an offer to buy any securities or a 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
sale would be unlawful prior to registration or qualification under
the securities laws of such other jurisdiction.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220826005087/en/
MZ Group Chris Tyson/Larry Holub (949) 491-8235
AENT@mzgroup.us
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