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Alliance Entertainment to Host Investor Day at New York Stock Exchange on September 30, 2022

Alliance Entertainment Introduces Senior Leadership Team to Discuss Company Position and Vision

Management will provide a timeline of expected milestones for the upcoming business integration with Adara Acquisition Corp.

Sunrise, Florida, September 8, 2022–(BUSINESS WIRE)–Alliance Entertainment Holding Corporation (“Alliance Entertainment”), the world’s largest distributor and wholesaler of music, movies, video games, electronics, arcades and collectibles. ”) is Investor Day, taking place today, Friday, September 30, 2022, from 11:00 a.m. to 1:30 p.m. ET at the Hamilton Room at the New York Stock Exchange.

Coinciding with Investor Day, Alliance Entertainment will introduce members of its senior management team, provide business updates and brief investors on key milestones ahead of proposed business combination with Adara Acquisition Corp To do. The combined company will be listed on his NYSE American under the symbol “AENT”.

Alliance Entertainment Chairman Bruce Ogilvie, Chief Executive Officer Jeff Walker and other members of the senior management team will generate annual revenues of $1.4 billion and adjusted EBITDA of $76 million as of March 31, 2022 Give an overview of the company that has grown to date. Over 1,200 team members ship to over 35,000 stores and distribute over 485,000 inventory SKUs to the world’s largest retailers. Immediately following the presentation and Q&A session, attendees will have the opportunity to have lunch with senior management.

Space is limited and registration is required. For more information and to register for the event, please contact Dan Zamow at or (646) 968-9379. You can also email or call Chris Tyson at (949) 491-8235.

Date: Friday, September 30, 2022
Hours: 11:00 a.m. to 1:30 p.m. ET
Location: New York Stock Exchange Hamilton Room, 11 Wall St, New York, NY 10005

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 common stock in the combined company 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

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

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 delay, or the risk of being exposed to unforeseen circumstances that may adversely affect the expected benefits of the combined company or 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 burden on Alliance Entertainment’s managerial, 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.

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contact address

For investor inquiries, please contact:
MZ Group
Chris Tyson / Larry Holb
(949) 491-8235