Join Alliance Entertainment's Exclusive Live Investor Webinar and Q&A Session on October 15
Alliance Entertainment Alliance Entertainment (US:AENT) GlobeNewswire News Room·2024-10-01 20:05

Core Insights - Alliance Entertainment Holding Corporation is a leading global distributor and wholesaler in the physical media market, specializing in music, movies, video games, electronics, and collectibles [1][2] - The company achieved a significant financial turnaround in fiscal 2024, reporting a net income of $4.6 million, which is a $40 million improvement from the previous year [2] - Alliance's extensive reach and scale create a strong competitive advantage, positioning it as the dominant player in the distribution of physical media [2] Company Overview - Alliance Entertainment offers over 325,000 unique in-stock SKUs, including more than 57,300 exclusive compact discs, vinyl LP records, DVDs, Blu-rays, and video games [3] - The company has over thirty-five years of distribution experience and serves a diverse range of customers, providing a comprehensive suite of services to resellers and retailers worldwide [3] - Alliance's operational efficiency helps reduce costs associated with managing multiple vendor relationships, enabling omni-channel retailers to expand their product offerings [3] Upcoming Events - Alliance Entertainment will host a webinar on October 15, 2024, featuring insights from Chairman Bruce Ogilvie and CEO Jeff Walker [1][2] - The event will include a live question and answer session, allowing investors to engage directly with company leadership [2]