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Subsequent Events
6 Months Ended
Dec. 31, 2024
Subsequent Events [Abstract]  
Subsequent Events

Note 23 – Subsequent Events

 

Home Entertainment License Agreement

 

On January 1, 2025, Alliance Entertainment, LLC, a wholly-owned subsidiary of Alliance Entertainment Holding Corporation (the “Company”), entered into a Home Entertainment License Agreement (the “Agreement”) with Paramount Home Entertainment Inc. and Paramount Entertainment Canada ULC (collectively, “Paramount”). The Agreement grants the Company exclusive home entertainment rights and non-exclusive promotional rights for certain films and audiovisual works in the U.S. and Canada.

 

The agreement is effective January 1, 2025, through December 31, 2029, with automatic two-year renewals unless terminated with six months’ notice. This Agreement is expected to increase revenue, and the Company is evaluating its impact on revenue recognition under ASC 606.