Alliance Entertainment Announces Launch of New Publishing Venture – Alliance Entertainment Publications

About this update from Alliance Entertainment Holding Corporation

[{"type":"text","content":"Alliance Entertainment Publications to Create and Release High Quality, Full-Color, Fan-Focused Collectible Magazines\nPLANTATION, Fla., Nov. 28, 2023 (GLOBE NEWSWIRE) -- DirectToU LLC, a division of Alliance Entertainment Holding Corporation (Nasdaq: AENT) (“Alliance Entertainment”, “Company”), a distributor and wholesaler of the world’s largest in stock selection of music, movies, video games, electronics, arcades, toys and collectibles, today announced that it has launched a new publishing venture under the banner of Alliance Entertainment Publications. Alliance Entertainment Publications has created and released high quality, full-color, fan-focused Collectible Magazines, known in the industry as Bookazines, which are the fastest growing segment in magazine publishing. They will be sold through Alliance Entertainment’s extensive distribution network, including Customer Direct Fulfillment (“CDF”), through Alliance’s proprietary direct-to-consumer mail order print catalogs and websites, and to thousands of independent retailers and wholesale accounts. They will also be distributed to select retail destinations such as Barnes & Noble and Books-A-Million, further expanding to include big box retailers and grocery chains in 2024. These new publications are branded under the Alliance Entertainment-owned entities of Movies Unlimited (founded in 1978), Critics’ Choice Video (founded in 1987) and Collectors’ Choice Music (founded in 1993). These legacy brands have been leaders in selling media and collectibles directly to consumers for decades via specially curated mail order print catalogs and websites and have decades of expertise earned in the entertainment industry. “Alliance Entertainment acquired Collectors’ Choice Music and Critics’ Choice Video in 2010 and Movies Unlimited in 2015, as a way to grow our existing customer base and to tap into new avenues of sales,” said Jeff Walker, CEO and CFO of Alliance Entertainment. “At the same time, we acquired a team of dedicated and talented long-time employees, many of whom worked on these brands since the beginning. These new Collectible Magazines will be written and designed by these same long-time employees, utilizing their decades of institutional knowledge of Movies, TV and Music.” “This new product line is a very exciting opportunity for us,” said Tim Hinsley, SVP of Retail Sale...

More updates from Alliance Entertainment Holding Corporation