Alliance Entertainment’s AMPED Distribution to Empower Vydia’s Expansion into Physical Distribution

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[{"type":"text","content":"PLANTATION, Fla., Nov. 30, 2023 (GLOBE NEWSWIRE) -- 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 its independent distribution arm AMPED Distribution, a leading force in Independent Music distribution with an exceptional roster of artists and labels, has partnered with Vydia, an end to end solution to empower the next generation of music creators, managers, and labels, to expand Vydia’s capabilities for physical distribution. Vydia provides an all-in-one platform with cutting-edge technology that provides the digital infrastructure for audio and video distribution, content protection, rights management, advanced payments, and data tracking from one easy-to-use application. Under the partnership Vydia will add physical distribution services to its existing online revenue management solutions for labels. Vydia will utilize AMPED’s distribution network, which sells and markets music through Amazon, Walmart, Target, Barnes & Noble, Best Buy and over 3,300 independent music stores in the U.S. “Vydia’s delivers digital content to over 200 global audio and video destinations, and this partnership adds physical retailer distribution for its artists,” said Jeff Walker, CEO and CFO of Alliance Entertainment. “From Vydia’s centralized platform, artists can now efficiently control physical direct to store fulfillment provided by AMPED. Artists can further monetize their music and videos through sales of CDs and Vinyl, which continue to be popular with collectors and superfan markets. We look forward to working with the team at Vydia to integrate physical distribution into their robust suite of services.” Mark Gorman, Co-President of Vydia, added, “Moving from digital to physical distribution is a complex transition for artists, and AMPED is a premier partner for our artists to reach music fans and consumers directly and easily, while being able to have comprehensive coverage with AMPED’s retailers large and small.” About Vydia Vydia is an end-to-end music technology platform and services company that provides labels with the infrastructure and tools to power their business. The company’s innovative solutions in rights managem...

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