AENT Alliance Entertainment Holding Corporation

Mill Creek Entertainment, 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 another successful Home Entertainment release with THE BLIND. In partnership with Pinnacle Peak Pictures and Tread Lively, THE BLIND recently hit #1 in pre-sales on Amazon during its first weekend across all movies & TV, edging out strong competition from Hollywood studio box office hits BARBIE, SOUND OF FREEDOM and OPPENHEIMER. It is currently #1 in overall DVD sales and #1 in Faith/Spirituality.

THE BLIND grossed over $17 million in box office sales since its theatrical release on September 28, 2023, becoming Fathom Events' highest-grossing release of all time. The title was made available on Electronic Sell Through (“EST”) on most major transactional platforms on November 3, 2023, with projected gross revenue of over $1 million during its first week of sales. The early digital release prompted a 100% spike in physical disc pre-order quantity in advance of the November 14th release date of THE BLIND on DVD and Blu-Ray™.

The film delivered an impressive $4.3 million in ticket sales opening weekend in 1,700 theaters, reaching #4 at the box office in its first week with a 99% Rotten Tomatoes Audience Score.

Long before Phil Robertson became a reality TV star, he fell in love with Miss Kay and started a family, but his demons threatened to tear their lives apart. Set in the backwoods swamps of 1960s Louisiana, THE BLIND shares never-before-revealed moments in Phil’s life as he seeks to conquer the shame of his past, ultimately finding redemption in an unlikely place. This stunning cinematic journey chronicles the love story that launched a dynasty, the turmoil that nearly brought it crashing down, and the hope that rose from the ashes to create a foundation for generations to come.

THE BLIND is available now on Digital, DVD, and Blu-ray™ for $19.99, and includes bonus features including deleted scenes and “The Story Behind THE BLIND From the People Who Lived It,” an interview feature with members of The Robertson family.

About Tread Lively

Tread Lively is a fully integrated production company focused on film, TV, podcasting, and digital platforms. The Tread Lively team has produced and delivered more than 100 million podcast downloads and over 2 billion views. Our story is to tell your story. For more information, go to https://treadlively.com.

About Pinnacle Peak Pictures

Pinnacle Peak Pictures is a leading faith and family-friendly film production and distribution studio founded in 2005 by Michael Scott, David A.R. White, and Russell Wolfe. The studio is responsible for breakout theatrical hits like God’s Not Dead, The Case for Christ, and Do You Believe?

Pinnacle Peak Pictures is a full-service Production and Distribution company focusing on Theatrical Film and International TV & Video Distribution in the Faith, Family and Inspirational marketplace. It is our goal to tell stories that are not only entertaining and compelling, but to do so in a way that the whole family can enjoy.

For more information, please visit www.pinnaclepeakpictures.com.

About Mill Creek Entertainment

Mill Creek Entertainment is the home entertainment industry’s leading independent studio for Blu-ray, DVD, and digital distribution. With direct sales pipelines to all primary retail and online partners, Mill Creek Entertainment licenses, produces, markets, and distributes a dynamic array of film and television content to the entire North American retail marketplace, both in-store and online. Mill Creek Entertainment’s expansive library includes Oscar®-winning theatrical feature films, Emmy®-winning classic and current TV series, original documentary productions and pop-culture favorites that enlighten, educate, and entertain. Mill Creek Entertainment is based in Minneapolis, Minnesota. For more information, please visit www.millcreekent.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