In a transaction signed on May 18, 2016, Alliance Entertainment Holding Corporation (“AEC”) and ANconnect, LLC (“ANC”) have entered into a purchase agreement whereby AEC will acquire the ANC retail music assets and business.
AEC, the largest wholesale distributor of physical home entertainment audio, video and software in the United States and best-in-class distribution solutions, provides a high level of service in various disciplines including; mass merchant retail and wholesale distribution, consumer direct services, vendor managed inventory systems and independent music store fulfillment.
The transaction brings an expanded assortment of products to ANC customers, which includes product lines of CD, vinyl music, and electronic products from AEC’s current 480,000 in stock SKU base.
While it is not a complete surprise, many were flabbergasted to hear that Rovi, a company known for creating personalized and data-driven ways for viewers to discover the right entertainment and for providers to discover the right audiences, has acquired TiVo, the global leader in next-generation television services. If you think for a moment that you will no longer be able to easily record episodes of Dancing With The Stars and Dr. Phil, think again. In a nutshell, this means that, for the average user, TiVo will only get better.
Here is a small portion of the official press release. Hopefully, it helps you in understanding this unique and very exciting acquisition. The entertainment world is continually changing so you better get with the program. Or you can just TiVo it and get back to it later!
NBCUniversal has just upped their game by acquiring DreamWorks Animation. This major acquisition builds on NBCUniversal’s presence in family and animation space. DreamWorks Animation is set to become a unit of Universal Filmed Entertainment Group. Is NBCUniversal/DreamWorks now primed and ready to go head-to-head with Disney in the family film/animation market? Grab a bucket of popcorn, folks, because this is about to get real!
Here’s what the press release says: