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
a momentous year for its independent music distribution arm, AMPED
Distribution, a leading force in Independent Music distribution
with an exceptional roster of artists and labels. In its 10th year
of operation, AMPED has achieved a record-breaking 24 Grammy
nominations for 19 artists, highlighting the company's commitment
to championing independent music and empowering artists to succeed.
“We are incredibly proud of our artists and
their nominations for the 2024 Grammy Awards,” said Jeff Walker,
CEO and CFO of Alliance Entertainment. “This is a testament to
their hard work, talent, and dedication, as well as the support of
our team at AMPED. The AMPED roster boasts exceptional talent
across diverse genres, reflected in the wide range of Grammy
categories in which they received nominations. We are especially
excited to see Big Loud artist HARDY nominated for Songwriter of
the Year and Fred again.. nominated for Best New Artist, and to
have three artists nominated in the Best Bluegrass Album
category.”
Dean Tabaac, Head of AMPED, added, “This
milestone year also marks a decade of AMPED's commitment to
supporting independent music and artists. The array of label
partners we have persists in crafting music that not only garners
accolades but also shapes and characterizes the musical landscape
across a wide spectrum of musical categories. This year these
categories included those with historical and cultural American
traditions such as Americana, Roots Gospel, Folk, Bluegrass,
American Roots, Jazz and Traditional R&B. International
nominees included Global, African, Latin and Tropical Music. We
would like to express our ongoing gratitude to our label partners
and musicians for allowing us the privilege of participating in
their successes over the last ten years. We look forward to
continuing to play our part in extending the global reach of their
incredible and award-winning music.”
For the complete list of AMPED Grammy Nominees,
see below.
Songwriter of the Year, Non-Classical
Best New Artist
Best Alternative Music Performance
Best Americana Performance
- Blind Boys Of Alabama – Friendship
Best African Music Performance
- ASAKE & Olamide – Amapiano
Best Jazz Performance
- Adam Blackstone Featuring The Baylor Project & Russell
Ferranté - Vulnerable (Live)
Best Roots Gospel Album
- Blind Boys Of Alabama – Echoes Of The South
Best Jazz Vocal Album
- Nicole Zuraitis – How Love Begins
Best Jazz Instrumental Album
- Adam Blackston – Legacy: The Instrumental Jawn
- Kenny Barron – The Source
Best Folk Album
- Dom Flemons – Traveling Wildfire
Best Global Music Album
- Bokanté – History
- Shakti – This Moment
Best Latin Jazz Album
- Luciana Souza & Trio Corrente – Cometa
Best Classical Solo Vocal Album
- Lawrence Brownlee, soloist; Kevin J. Miller – Rising
Best Contemporary Instrumental Album
Best Gospel Album
- Jonathan McReynolds – My Truth
|
Best Album Notes
- Jeff Place & John Troutman – Playing For The Man At The
Door: Field Recordings From The Collection Of Mack McCormick,
1958–1971
Best Tropical Latin Album
- Rubén Blades, Con Roberto Delgado & Orquesta - Siembra: 45º
Aniversario
Best Bluegrass Album
- Michael Cleveland – Lovin' Of The Game
- Mighty Poplar – Mighty Poplar
- Sam Bush – Radio John: Songs of John Hartford
Best Engineered Album, Non-Classical
Best Boxed or Special Limited-Edition Package
- Lou Reed – Words & Music, May 1965 - Deluxe Edition
- Neutral Milk Hotel – The Collected Works Of Neutral Milk
Hotel
Best American Roots Performance:
- Blind Boys Of Alabama – Heaven Help Us All
Best Traditional R&B Performance
- PJ Morton Featuring Susan Carol – Good Morning
Best Historical Album
- Lou Reed – Words & Music, May 1965 - Deluxe Edition
- Jeff Place & John Troutman – Playing For The Man At The
Door: Field Recordings From The Collection Of Mack McCormick,
1958–1971
Best Spoken Word Poetry Album
- Aja Monet – When The Poems Do What They Do
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About AMPED Distribution
AMPED is one of the fastest growing, top-tier
independent distributors committed to developing and growing
independent artists and labels worldwide. A part of Alliance
Entertainment, AMPED gives the indie community access to a global
distribution system with the largest sales force, a seasoned and
skilled staff that provides a suite of services and data second to
none. AMPED’s customer base is the largest in the industry directly
servicing brick and click retailers large and small along with
(DTC) direct consumers. AMPED’s growing roster of labels include
labels such as Believe Digital, Better Noise, Big Loud, By Norse,
Cleopatra Records, Compass Records, Compound Interest, Earache,
Empire, Epitaph Records, Firebird Records, Flatiron, Fuga,
GoodToGo, Herp Alpert Presents, Hopeless Records, Iconic Artist
Group, IDLA, Integral (PIAS, Harmonia Mundi), Kai Media, Kartel,
Lex Records, Mascot, Merge Records, MNRK (eOne, Dualtone), Nettwerk
Music Group, Nuclear Blast, Polyvinyl, Proper Music Group, Rebel
Records, Reservoir Media (Chrysalis, Tommy Boy), Ruf Records,
Secretly Music Group, Shanachie, Smithsonian Folkways, Sub Pop,
Vydia, Warner Classics and more. For more information, visit
www.ampeddistribution.com.
About Alliance
Entertainment
Alliance Entertainment (NASDAQ: AENT) is a
premier distributor of music, movies, toys, collectibles, and
consumer electronics. We offer over 375,000 unique in stock SKU’s,
including over 57,300 exclusive compact discs, vinyl LP records,
DVDs, Blu-rays, and video games. Complementing our vast media
catalog, we also stock a full array of related accessories, toys
and collectibles. With more than thirty-five years of distribution
experience, Alliance Entertainment serves customers of every size,
providing a robust suite of services to resellers and retailers
worldwide. Our efficient processing and essential seller tools
noticeably reduce the costs associated with administrating multiple
vendor relationships, while helping omni-channel retailers expand
their product selection and fulfillment goals. For more
information, visit www.aent.com.
Forward Looking Statements
Certain statements included in this Press
Release that are not historical facts are forward-looking
statements for purposes of the safe harbor provisions under the
United States Private Securities Litigation Reform Act of 1995.
Forward-looking statements generally are accompanied by words such
as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,”
“intend,” “expect,” “should,” “would,” “plan,” “predict,”
“potential,” “seem,” “seek,” “future,” “outlook,” and similar
expressions that predict or indicate future events or trends or
that are not statements of historical matters. These
forward-looking statements include, but are not limited to,
statements regarding estimates and forecasts of other financial and
performance metrics and projections of market opportunity. These
statements are based on various assumptions, whether identified in
this Press Release, and on the current expectations of Alliance’s
management and are not predictions of actual performance. These
forward-looking statements are provided for illustrative purposes
only and are not intended to serve as and must not be relied on by
an investor as, a guarantee, an assurance, a prediction, or a
definitive statement of fact or probability. Actual events and
circumstances are difficult or impossible to predict and will
differ from assumptions. Many actual events and circumstances are
beyond the control of Alliance. These forward-looking statements
are subject to a number of risks and uncertainties, including risks
relating to the anticipated growth rates and market opportunities;
changes in applicable laws or regulations; the ability of Alliance
to execute its business model, including market acceptance of its
systems and related services; Alliance’s reliance on a
concentration of suppliers for its products and services; increases
in Alliance’s costs, disruption of supply, or shortage of products
and materials; Alliance’s dependence on a concentration of
customers, and failure to add new customers or expand sales to
Alliance’s existing customers; increased Alliance inventory and
risk of obsolescence; Alliance’s significant amount of
indebtedness; our ability to refinance our existing indebtedness;
our ability to continue as a going concern absent access to sources
of liquidity; risks and failure by Alliance to meet the covenant
requirements of its revolving credit facility, including a fixed
charge coverage ratio; risks that a breach of the revolving credit
facility, including Alliance’s recent breach of the covenant
requirements, could result in the lender declaring a default and
that the full outstanding amount under the revolving credit
facility could be immediately due in full, which would have severe
adverse consequences for the Company; known or future litigation
and regulatory enforcement risks, including the diversion of time
and attention and the additional costs and demands on Alliance’s
resources; Alliance’s business being adversely affected by
increased inflation, higher interest rates and other adverse
economic, business, and/or competitive factors; geopolitical risk
and changes in applicable laws or regulations; risk that the
COVID-19 pandemic, and local, state, and federal responses to
addressing the pandemic may have an adverse effect on our business
operations, as well as our financial condition and results of
operations; substantial regulations, which are evolving, and
unfavorable changes or failure by Alliance to comply with these
regulations; product liability claims, which could harm Alliance’s
financial condition and liquidity if Alliance is not able to
successfully defend or insure against such claims; availability of
additional capital to support business growth; and the inability of
Alliance to develop and maintain effective internal controls.
For investor inquiries, please
contact:MZ GroupChris Tyson/Larry
Holub(949) 491-8235AENT@mzgroup.us
AMPED Press Contact:Jocelynn
PryorMarketing@AMPEDDistribution.com
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