Core Insights - Alliance Entertainment Holding Corporation has entered into an exclusive home entertainment license agreement with Amazon MGM Studios Distribution for physical media distribution in the U.S. and Canada [1][4] Company Overview - Alliance Entertainment is a leading distributor and omnichannel fulfillment partner in the entertainment and pop culture collectibles industry, offering over 340,000 unique SKUs across various formats [5] - The company serves more than 35,000 retail and e-commerce storefronts, providing a vast selection of physical media, including music, video, and collectibles [5] Partnership Details - The partnership with Amazon MGM Studios is described as a milestone, allowing Alliance to distribute a significant library of iconic films and new titles [2] - The agreement includes new releases such as Fallout Season 2 and Mercy, as well as revitalized catalog programs featuring franchises like James Bond and Rocky [3] Market Strategy - Alliance aims to redefine the collectibles market by leveraging its scale and technology-driven solutions to enhance consumer access and experience [2] - The collaboration emphasizes premium physical formats, including collector editions and expanded UHD offerings, to honor the storytelling behind the titles [3]

As filed with the Securities and Exchange Commission on November 26, 2025 Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 PRE-EFFECTIVE AMENDMENT NO. 2 TO FORM S-1 ON FORM S-3 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Angel Studios, Inc. (Exact name of registrant as specified in its charter) Identification Number) Angel Studios, Inc. 295 W Center Street Provo, Utah 84601 (760) 933-8437 (Address, including zip code, and telephone number, including a ...

As filed with the Securities and Exchange Commission on November 26, 2025 Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 PRE-EFFECTIVE AMENDMENT NO. 2 TO FORM S-1 ON FORM S-3 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Angel Studios, Inc. (Exact name of registrant as specified in its charter) Delaware 7812 86-3483780 (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) (I.R.S. Employ ...

Core Points - Getty Images largely lost a lawsuit against Stability AI regarding the unauthorized use of copyrighted images for training its AI model, Stable Diffusion [3][4] - The court found Stability AI responsible for producing images that bore the "Getty" watermark, marking a partial victory for Getty in its trademark infringement claims [5] - The ruling is viewed as a setback for content creators and copyright owners, raising concerns about fair compensation in the age of AI [6][7] Company Insights - Getty Images alleged that Stability AI extracted millions of images from its platforms without consent, which it claimed was unlawful [3][4] - Stability AI argued that the lawsuit posed a threat to its business and expressed satisfaction with the court's ruling, highlighting that most of Getty's copyright claims were dismissed [4][8] - The ruling emphasizes the challenges faced by companies like Getty Images in protecting their intellectual property rights in the evolving landscape of AI technology [7][8]

Company Overview - SIXR 由 Bongo 团队打造，Bongo 是南亚大型媒体发行商，拥有 3 亿（300 million）订阅者 [1] - Bongo 与最大的社交媒体网站以及一些主要特许经营商（如 Shark Tank 等）建立了合作关系 [1] - Bongo 是南亚最大的数字媒体平台之一，每月向超过 3 亿（300 million+）视频订阅者推送内容 [2] - Bongo 与包括 YouTube 和 TikTok 在内的主要社交平台建立了紧密的区域合作伙伴关系 [2] Potential Synergies - SIXR 平台可能受益于 Bongo 之前流媒体播放英超联赛、国际板球理事会和印度超级联赛的经验，从而吸引大量观众和粉丝 [2] Partnerships - SIXR Cricket 与 Bongo 合作提高知名度 [2]

Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 PRE-EFFECTIVE AMENDMENT NO. 1 TO FORM S-1 ON FORM S-3 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Angel Studios, Inc. (Exact name of registrant as specified in its charter) Delaware 7812 86-3483780 (State or other jurisdiction of incorporation or organization) As filed with the Securities and Exchange Commission on September 30, 2025 (Primary Standard Industrial Classification Code Number) (I.R.S. Emplo ...

Financial Data and Key Metrics Changes - In fiscal 2025, the company reported net income of $15.1 million, a 229% increase from the previous year [6][11] - Adjusted EBITDA grew 51% to $36.5 million, with gross margin improving from 11.7% to 12.5% year-over-year [6][11] - Earnings per share rose to $0.30, more than tripling from $0.09 in fiscal 2024 [6][11] - For Q4, net income was $5.8 million, or $0.11 per diluted share, compared to $2.5 million, or $0.05 per share in the prior year [9][10] Business Line Data and Key Metrics Changes - Q4 net revenue was $227.8 million, down from $236.9 million in Q4 fiscal 2024, while gross profit increased 34% year-over-year to $36 million [9][10] - The company achieved a gross margin of 15.8% in Q4, up from 11.4% in the prior year [9][10] - Direct-to-consumer fulfillment accounted for 37% of gross revenue, up from 36% in fiscal 2024, reflecting broader retailer adoption [18][19] Market Data and Key Metrics Changes - The company has established exclusive partnerships that accounted for over $350 million in revenue, representing more than a third of total sales [13][52] - The exclusive distribution agreement with Paramount Pictures is expected to contribute significantly to sales growth in fiscal 2026 [35] Company Strategy and Development Direction - The company is focused on expanding exclusive content partnerships and enhancing its fulfillment model to drive growth [22][23] - The strategy includes scaling high-margin categories and leveraging automation and AI to improve operational efficiency [20][21] - The company aims to lead in the collectibles and physical media market by building a differentiated platform [8][17] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the sustainability of margin improvements and profitability as the company enters fiscal 2026 [23] - The company anticipates strong consumer demand heading into the holiday season, supported by exclusive content releases [8][16] - Management highlighted the importance of exclusive partnerships in driving competitive advantage and revenue growth [13][52] Other Important Information - The company reduced revolver debt by 22% and improved inventory alignment, ending the year with $26.8 million in cash flow from operating activities [7][11] - Automation investments and warehouse consolidation have led to measurable cost savings and improved operational efficiency [10][20] Q&A Session Summary Question: How should investors think about your ability to sign similar deals with other studios? - The company is actively pursuing long-term opportunities in the consolidation of physical DVD distribution and is engaged in ongoing conversations with other studios [26] Question: How are you impacted by tariffs, and what efforts are you undertaking to mitigate the impact? - The company has minimal impact from tariffs in music and video, but some price increases have been observed in collectible products due to tariffs on items manufactured in China [27][28] Question: Can you talk about your preferences regarding capital allocation? - The company prioritizes paying down debt and reinvesting in strategic acquisitions and internal investments to support growth [29] Question: How sustainable is the lift you've seen from the Paramount Pictures exclusive license? - The company expects to see continued growth from the Paramount deal, with incremental impacts anticipated in fiscal 2026 [34] Question: What does it mean for the company being selected by Walmart as its video category advisor? - This designation allows the company to assist Walmart with strategic planning and operations in the video category, enhancing its partnership with a major retailer [36] Question: Can you share the profile of your current M&A pipeline? - The company is actively engaged in multiple acquisition conversations and evaluates opportunities based on strategic fit and operational synergy [38][39] Question: How much of the margin expansion is structural versus cyclical or one-time factors? - The margin enhancement is attributed to structural improvements and cost savings from operational efficiencies, not one-time factors [41] Question: How is AI going to help the business? - The company is implementing AI initiatives to improve sales efficiency and operational processes, focusing on enhancing the capabilities of its sales team [42][44] Question: How do you balance investing in legacy categories versus building out higher growth segments? - The company continues to invest in legacy categories while also pursuing growth opportunities in higher-margin segments [46][47] Question: What gives you confidence Handmade by Robots can really break out? - The company sees significant potential in the Handmade by Robots brand due to its unique design and licensing opportunities, supported by existing operational infrastructure [48][50] Question: Why is exclusivity such a big advantage for Alliance Entertainment? - Exclusivity allows the company to become the preferred supplier for major retailers, enhancing sales opportunities and competitive positioning in the market [52][55]

Core Viewpoint - Telenor Group has agreed to sell its 50% stake in Allente to Viaplay for SEK 1.1 billion, marking a strategic shift as Allente aligns better with Viaplay's strategy than Telenor's [1][2][3] Group 1: Transaction Details - The sale involves a total consideration of SEK 1.1 billion for Telenor's stake in Allente, which has an enterprise value of SEK 3.1 billion [1][3] - Allente, formed in May 2020 from the merger of Canal Digital and Viasat, serves residential and business customers across the Nordics [1] - The transaction is expected to close within six to nine months, pending regulatory approvals in Norway, Sweden, and Denmark [4] Group 2: Performance and Future Outlook - Since its inception, Allente has distributed SEK 4.4 billion in dividends to its owners, demonstrating strong financial performance [3] - Both Telenor and Viaplay express confidence in the future of Allente under Viaplay's full ownership, aiming to enhance its offerings and customer experiences [2][4]

Company Overview - Alliance Entertainment Holding Corporation (NASDAQ: AENT) is categorized as a microcap company in the physical media and collectibles distribution sector, which is relatively unknown to many investors [1]. Investment Focus - The analysis primarily targets small- to mid-cap companies, as these are often overlooked by the broader investment community. Occasionally, larger-cap companies are also reviewed to provide a comprehensive view of the equity markets [1].

Core Insights - BCE Inc.'s Bell Media has acquired a majority stake in Sphere Abacus, enhancing its global content distribution capabilities [1][2] - The partnership aims to accelerate growth, expand international content reach, and create more opportunities for Canadian creators [2] - The combined content library will exceed 5,500 hours of premium programming, featuring notable titles across various genres [3][4] Strategic Developments - The acquisition of Sphere Abacus allows Bell Media to actively participate in the creative value chain and strengthens its distribution pipeline [2][4] - Bell Media has introduced new subscription bundles for Crave, enhancing its offerings for both English and French viewers [5] - Collaborations with Point Grey Pictures and Lionsgate Studios aim to develop new scripted content for the Canadian market [6] Financial Performance - Bell Media reported a 1.2% increase in operating revenues to C$832 million, with digital revenues rising to 42% of total revenues in 2024, up from 35% in 2023 [8] - Despite growth, BCE anticipates challenges in pricing, subscriber growth, and media expenses, projecting revenue changes between (3%) and 1% for 2025 [9] - Free cash flow growth is expected to be between 11% and 19%, while adjusted EPS growth is projected to range from (13%) to (8%) [10]