Alliance Entertainment Holding Corporation Stock Price, News & Analysis

Alliance Entertainment (Nasdaq: AENT) announced a new partnership with Tsuburaya Productions for the San Diego Comic-Con, taking place from July 25-28, 2024. Their popmarket e-commerce site will operate the ULTRAMAN booth, featuring exclusive collectibles, posters, and Blu-ray™ and SteelBook® products. The booth will offer items from Bandai, Nakatomi, and Mill Creek Entertainment. Tim Hinsley, SVP of Retail Sales, expressed excitement about engaging with fans and collectors. ULTRAMAN, which has over 50 product licenses in the US and recent successes in films like Shin Ultraman and Ultraman Rising on Netflix, will have a dedicated booth with special editions and memorabilia.

Mill Creek Entertainment, a branch of Alliance Entertainment Holding (Nasdaq: AENT), has announced the extension and expansion of its partnership with Tsuburaya Fields Media & Pictures Entertainment. This agreement covers digital and physical rights for a range of ULTRAMAN episodic series and films, including many that have not been available in the US before. The ULTRAMAN franchise, which began in 1966, has over 50 product licenses in the US and a strong global presence. The partnership aims to meet fan demand for more ULTRAMAN content, with new releases starting in July 2024. Since 2019, Mill Creek has successfully released over 50 ULTRAMAN titles, and the renewed partnership will bring a new slate of TV series and feature films in the coming years.

Alliance Entertainment (Nasdaq: AENT), a global distributor of multimedia and electronics, announced its participation in the iAccess Alpha Best Ideas Summer Conference on June 25-26, 2024, and the Noble Capital Virtual TMT Conference on June 27, 2024. Company leaders Bruce Ogilvie and Jeff Walker will discuss operational improvements, technology enhancements, and new acquisition opportunities. Alliance reported strong performance for the nine months ending March 31, 2024, with increased gross profit and adjusted EBITDA. The company is focusing on expense reduction, debt reduction, and improved inventory management to further boost EBITDA and inventory turnover. The events will be accessible through the Alliance Entertainment investor relations website.

Alliance Entertainment announced key promotions within their executive team, appointing Warwick Goldby as Chief Operating Officer, Amanda Gnecco as Chief Accounting Officer, and Robert Black as Chief Compliance Officer. Warwick Goldby, with over 20 years of experience, has been instrumental in the company's automation initiatives. Amanda Gnecco brings 15 years of finance and accounting experience and has driven major initiatives, including acquisitions and a de-SPAC transaction. Robert Black, with more than 25 years of diverse experience, will focus on regulatory compliance and risk management. These promotions aim to drive growth, innovation, and operational excellence within the company.

Alliance Entertainment's Distribution Solutions has extended its partnership with Cineverse, a streaming technology and entertainment company. Over their four-year collaboration, Distribution Solutions has released over 200 SKUs for Cineverse, including Hallmark brand titles and popular films from Screen Media. Recent releases include the April 2024 Steelbook editions of "RoboDoc: The Creation of RoboCop" and "Terrifier 2." Upcoming releases in the next 12-18 months feature "Hallmark Countdown to Christmas Deluxe Movie Collection" and "Yu-Gi-Oh! The Movie Steelbook." Both companies aim to cater to passionate fandoms by providing physical media products to meet consumer demand.

Alliance Entertainment Holding (Nasdaq: AENT) reported strong financial results for Q3 FY 2024, with net revenues totaling $211.2 million, a gross profit increase to $28.0 million, and an improved gross margin of 13.3%. Debt was reduced by $40 million in the last 12 months, showcasing financial stability and growth.

Alliance Entertainment Holding (Nasdaq: AENT) announced their results for the latest Record Store Day event, with sales soaring by over 30% compared to the previous year. The company shipped more than 600,000 units across 400 unique titles to participating retailers, marking their largest sales month ever. With vinyl records gaining popularity, Alliance Entertainment continues to lead in distributing exclusive Record Store Day products to independent retail stores.