Distribution Solutions, a division of Alliance Entertainment
(NASDAQ: AENT), has announced a new partnership with Future Today,
a leading distribution company in the digital space. This
partnership will allow Distribution Solutions to expand their reach
and offer viewers even more options for its licensed and owned
video content.
Future Today,
developer and operator of a portfolio of hundreds of owned &
operated channels on advertising video on-demand platforms, will
create, launch, and manage two ad-supported Apps for Alliance:
MOVIESPREE™ and NCircle TV.
MOVIESPREE™ will
feature content across genres, offering free-with-ads content from
licensed and produced movie and TV collections including
documentary, horror, drama, comedy, romance, and more.
NCircle TV is the
rebrand of the children’s programming brand, BusyBee TV, to expand
beyond the preschool age audience. NCircle TV is home to thousands
of hours of free TV and movies, including a broader array of
licensed content such as Sonic the Hedgehog, Super Mario, The Cat
in the Hat, The Legend of Zelda, Where in the World is Carmen
Sandiego, and Inspector Gadget.
"We are excited to
partner with Future Today and offer our film and TV content to even
more customers," said Distribution Solutions President, Ben Means.
"This partnership allows us to expand our reach on the ad-supported
streaming digital platforms.”
This agreement expands
the existing relationship with Future Today, which currently
publishes and syndicates Distribution Solutions’ content across
their owned & operated channels, including Fawesome and
HappyKids.
"We are thrilled to
partner with Distribution Solutions," said Future Today’s SVP David
Di Lorenzo, "This partnership will allow us to continue to bring
quality content to ad-supported CTV (Connected TV) audiences across
multiple devices."
This partnership is
the latest in a series of moves by Distribution Solutions to expand
their digital business and offer their customers more options. With
Future Today's support, MOVIESPREE and NCircle TV will be
distributed by dozens of major OTT (Over-the-Top) platforms,
including Roku, Amazon Fire TV, Comcast Xfinity, and others.
About Future
Today
Future Today is a
leader in the ad-supported streaming media universe with its
flagship channels – Fawesome, HappyKids and iFood.tv – ranking in
the top free channels across nearly every OTT consumer platform.
The company’s proprietary, cloud-based technology platform manages
OTT services for hundreds of content owners, producers,
distributors, and major media companies helping them launch and
monetize complex Connected TV channels across devices. Future
Today’s comprehensive portfolio of technology and services includes
video management, content management and publishing, app
development and maintenance, cross-channel promotion, advertising,
monetization and more. Learn more about Future Today here.
About
Distribution Solutions
Distribution
Solutions, a division of Alliance Entertainment, is the largest
aggregator and downstream distributor of independent and major
studio film labels in North America. We are a supplier to all major
and independent retailers, in addition to handling digital sales,
delivery, and SVOD/linear licensing for over 60 content providers.
Our partners include Disney, Lionsgate, DECAL, Criterion, Mill
Creek Entertainment, AMC Networks/RLJ Entertainment, Vertical and
Cineverse.
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 (NASDAQ: AENT) is a
premier distributor of music, movies, and consumer electronics. We
offer over 375,000 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.
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 other financial and
performance metrics and projections of market opportunity. These
statements are based on various assumptions, whether identified in
this Press Release, and on the current expectations of Alliance’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. These forward-looking statements
are subject to a number of risks and uncertainties, including risks
relating to the anticipated growth rates and market opportunities;
changes in applicable laws or regulations; the ability of Alliance
to execute its business model, including market acceptance of its
systems and related services; Alliance’s reliance on a
concentration of suppliers for its products and services; increases
in Alliance’s costs, disruption of supply, or shortage of products
and materials; Alliance’s dependence on a concentration of
customers, and failure to add new customers or expand sales to
Alliance’s existing customers; increased Alliance inventory and
risk of obsolescence; Alliance’s significant amount of
indebtedness; Our ability to continue as a going concern absent
access to sources of liquidity; risks and failure by Alliance to
meet the covenant requirements of its revolving credit facility,
including a fixed charge coverage ratio; risks that a breach of the
revolving credit facility, including Alliance’s recent breach of
the covenant requirements, could result in the lender declaring a
default and that the full outstanding amount under the revolving
credit facility could be immediately due in full, which would have
severe adverse consequences for the Company; known or future
litigation and regulatory enforcement risks, including the
diversion of time and attention and the additional costs and
demands on Alliance’s resources; Alliance’s business being
adversely affected by increased inflation, higher interest rates
and other adverse economic, business, and/or competitive factors;
geopolitical risk and changes in applicable laws or regulations;
risk that the COVID-19 pandemic, and local, state, and federal
responses to addressing the pandemic may have an adverse effect on
our business operations, as well as our financial condition and
results of operations; substantial regulations, which are evolving,
and unfavorable changes or failure by Alliance to comply with these
regulations; product liability claims, which could harm Alliance’s
financial condition and liquidity if Alliance is not able to
successfully defend or insure against such claims; availability of
additional capital to support business growth; and the inability of
Alliance to develop and maintain effective internal controls.
For investor inquiries, please
contact:MZ GroupChris Tyson/Larry
Holub(949) 491-8235AENT@mzgroup.us
Alliance Entertainment (NASDAQ:AENT)
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