Alliance Entertainment Announces Highest Physical Vinyl Album Sales for Record Store Day Event

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[{"type":"text","content":"\n2023 Record Store Day on Course to Break Sales Record for Most Vinyl Sold in a Single Day, Led by Taylor Swift's \"folklore: the long pond sessions\" Release\n\n\n PLANTATION, Fla.--(BUSINESS WIRE)--\nAlliance Entertainment Holding Corporation (OTC: AENT) (“Alliance Entertainment”, “Company”), a distributor and wholesaler of the world’s largest in stock selection of music, movies, video games, electronics, arcades, and collectibles, today confirmed independent retail feedback around this past Saturday’s Record Store Day events as its biggest ever. Record Store Day (www.recordstoreday.com) is an annual event inaugurated in 2007 and held on one Saturday every April to “celebrate the culture of the independently owned record store.” The day brings together fans, artists, and thousands of independent record stores around the world. Each year a number of records are pressed specifically for Record Store Day and are exclusively distributed to record stores participating in the event. Now in its 16th year, Record Store Day has played a major role in the continued expansion and success of vinyl records across the music industry, with physical vinyl album sales in 2022 surpassing 43 million units.\n\n\nAs a major supporter of the independent record stores throughout the United States, Alliance Entertainment, with its long-standing partnership with Record Store Day utilizes its distribution services and sales network to promote and distribute Record Store Day titles in preparation for the big event, which occurred on Saturday April 23rd this year. Alliance Entertainment works closely with Record Store Day and the industry’s distribution and label partners, who help curate the assortment of available titles each year. More than 800,000 units of vinyl were created and shipped to participating independent record stores around the country for this year’s Record Store Day event. Retail sales are expected to surpass $32 million.\n\n\n“Record Store Day has been a long-time partner to Alliance Entertainment, always collaborating to benefit the independent record store community,\" said Ken Glaser, Alliance Senior Vice President of Sales. \"We are pleased to see the continued growth of Record Store Day year over year, and 2023 results have surpassed our expectations.”\n\n\nMichael Kurtz, Co-founder of Record Store Day added, “Taylor Swift's 'fol...

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