Partnership Announcement: MUBI

Alliance Entertainment’s Distribution Solutions Announces

Physical Media Partnership with MUBI

Sunrise, FL – September 20, 2022 – 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 its partnership with the distributor, streaming service and production company, MUBI.

MUBI is dedicated to elevating great cinema and distributes, produces and champions visionary films from iconic directors to emerging auteurs, connecting them to audiences all over the world. Introducing MUBI      into the Alliance Entertainment distribution channel is a strategic opportunity for suppliers, retailers, and Alliance Entertainment to increase revenues by diversifying content offerings. Distribution Solutions, a division of Alliance Entertainment, will manage sales and distribution of MUBI’s physical sell-through releases in North America.

The partnership will commence with the release of feature film Decision to Leave directed, co-written, and produced by Park Chan-wook following its world premiere in Competition at the Cannes Film Festival, where it won the Director’s Prize, and had its North American premiere at the Toronto International Film Festival last week. MUBI will release Decision to Leave in US theaters starting October 14, 2022.

“MUBI is a perfect complement to our distribution portfolio,” said Ben Means, President of Distribution Solutions. “We look forward to collaborating with their team to reach premium film buyers in the US marketplace.”

“MUBI is excited to be partnering with Distribution Solutions to bring our strong curatorial voice to home entertainment in the US,” said Chris Wells, MUBI’s Director of Distribution, US. “Not only will we be distributing the best in cinema in theaters and via streaming on MUBI, we will now also be releasing our films in deluxe edition Blu-rays.    

About MUBI

MUBI is a global streaming service, production company and film distributor dedicated to elevating great cinema. MUBI makes, acquires, curates, and champions visionary films, connecting them to audiences all over the world.

MUBI is a place to discover ambitious films from iconic directors to emerging auteurs. A new hand-picked film arrives on the platform every day, each carefully chosen by MUBI’s curators. Notebook explores all sides of cinema culture — both in print and online. And with MUBI GO, members in select countries can get a free ticket every week to see the best new films in cinemas.  Some recent and upcoming MUBI Releases include Park Chan-wook’s Decision to Leave, Joachim Trier’s The Worst Person in the World, Lukas Dhont’s Close, Céline Sciamma’s Petite Maman, Aftersun from Charlotte Wells, Leos Carax’s Annette, Paul Verhoeven’s Benedetta, Julia Ducournau’s Titane, Apichatpong Weerasethakul’s Memoria, First Cow from Kelly Reichardt, Ben Sharrock’s Limbo, Pablo Larraín’s Ema, and Luca Guadagnino’s Suspiria; MUBI’s co-productions include Michel Franco’s upcoming film Memory, Mia Hansen-Løve’s One Fine Morning, Ekwa Msangi’s Sundance prize-winner Farewell Amor and Rachel Lang’s Our Men.

MUBI is the biggest community of film lovers, available across 190 countries, with more than 12 million members around the world. MUBI acquired renowned sales agent and production company The Match Factory and Match Factory Productions in January 2022.

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 SKU’s, 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 fulfilment 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.

For investor inquiries, please contact:

MZ Group

Chris Tyson/Larry Holub

(949) 491-8235

AENT@mzgroup.us

Partnership Announcement: Powerhouse Films

Distribution Solutions, a division of Alliance Entertainment, is pleased to announce a physical media partnership with Powerhouse Films’ UK-based label Indicator.

brand logo Powerhouse Films

Distribution Solutions will handle sales, distribution of all Powerhouse Films sell-through releases in the US and Canada.

“We are very excited to be in business with Powerhouse Films,” states Distribution Solutions President, Ben Means. “Partnering internationally with a film label like Indicator, which has such a driven passion for physical media, helps expand the quality and coverage of classic films we distribute to the US and Canada.”

Powerhouse Films has an extensive collection of classic films that includes limited-edition box sets and single-title releases, as well as standard-edition reissues of limited-edition titles that have gone out of print, such as John Carpenter’s Christine, Jacques Tourneur’s Night of the Demon, and Dennis Hopper’s The Last Movie.

“We’re thrilled to be bringing our unique blend of cult and classic cinema to audiences in the US and Canada in partnership with the fantastic team at Distribution Solutions,” says Powerhouse Films’ co-founder, Sam Dunn. “We’ve been working hard unearthing and restoring a raft of incredible titles in order to put together a schedule that will surprise and delight even the most adventurous viewer.”

Celebrated filmmaker Guillermo del Toro added his praise for the label, stating “Indicator lovingly curates and enshrines obscure, precious gems for the obsessive collector and the genre connoisseur.”

The first physical Powerhouse Films releases distributed by Distribution Solutions will be available for purchase in January 2022.

To sign up for the Powerhouse Films newsletter click here.

About Powerhouse Films                                   

Powerhouse Films was founded in the summer of 2016 by UK film and video industry veterans with a passion for film and physical media. Its Indicator Blu-ray label publishes a critically acclaimed collection of cult, classic, and criminally overlooked films, each mastered from the finest available materials and expertly encoded for optimum results. 

Indicator editions contain lovingly curated extra features, including newly produced audio commentaries and on-camera interviews, rare short films, and previously unseen archival materials. First-run Limited Editions contain reversible sleeves and exclusive booklets with newly commissioned essays, contemporary interviews, articles and reviews, and film credits.

Vertical Entertainment Partnership Announcement

Alliance / Distribution Solutions announces physical media partnership with Vertical Entertainment.

Distribution Solutions, a division of Alliance Entertainment, is pleased to announce a physical media partnership with domestic distributor Vertical Entertainment.

Distribution Solutions will handle trade marketing, procurement, warehousing, inventory management, VMI systems, and management, returns processing, credit, and collections, reporting of Vertical physical sell-through releases in the US and Canada, and will work hand-in-hand with Vertical Partner Mitch Budin.

“Partnering with Vertical Entertainment is very exciting for us,” stated Distribution Solutions President, Ben Means. “They bring an impressive catalog of over 300 films that we look forward to putting on shelves to maximize the success of their physical releases.”

Notable films from Vertical include Out of Death (starring Bruce Willis), Joe Bell (starring Mark Wahlberg), Four Good Days (starring Glenn Close and Mila Kunis), Capone (starring Tom Hardy, Linda Cardellini, and Matt Dillon), and Ava (starring Jessica Chastain and Colin Farrell).

“We are incredibly pleased to be collaborating with Distribution Solutions on our future projects,” said Mitch Budin, Partner at Vertical Entertainment. “Ben and the DS team have built a first-class organization and we look forward to working with them to further our footprint in the marketplace.”

The first physical Vertical releases distributed by Distribution Solutions will hit shelves on September 14, 2021.

About Vertical Entertainment                                                   

Vertical Entertainment is a global independent distributor that offers a unique combination of full-service marketing and sales services. Dedicated to providing highly effective and collaborative solutions, Vertical leverages unparalleled relationships to maximize revenue across all streams. The marketing and sales expertise from Vertical’s seasoned team gives content partners a wealth of experience minus the studio costs.

For more information, visit www.vert-ent.com

About Distribution Solutions                                                   

Distribution Solutions, a division of Alliance Entertainment, is the largest aggregator and downstream distributor of independent film labels in North America. We are a premier partner for home entertainment sales and distribution, with capabilities including Physical Distribution, Digital Sales/Delivery, and SVOD/Linear Licensing for over 60 content providers, including Mill Creek Entertainment, AMC Networks, and Cinedigm.

Distribution Solutions offers comprehensive in-house Post-Production Services, Consumer Marketing, Design Services, and Turnkey Operations Management—everything it takes to set our partners up for success.

For more information, visit www.ds.aent.com.

 About Alliance Entertainment                                                 

Alliance Entertainment is the largest wholesale distributor of physical home entertainment consisting of audio and video software in the United States, as well as newly added video games, selling to mass merchant retail, brick and mortar stores, internet retailers, independent store owners offering vendor-managed or 3PL services.

With more than thirty years of distribution experience, Alliance Entertainment serves customers of every size, providing a robust suite of services to resellers and retailers worldwide.

Alliance Entertainment is a One-Stop solution for all entertainment product needs. As a solutions-based operation, Alliance Entertainment drives sales for companies with unparalleled selection and cost-efficient processing. Alliance Entertainment is headquartered in Sunrise, FL, with offices located throughout the U.S.

Visit http://www.aent.com for additional information on Alliance Entertainment.

For more information, please reach out to Allie Mosley, Publicist.