Alliance Entertainment Holding announced that it has shipped over 2.0M units representing $32.0 million in K-POP sales during the twelve months ending July 31, 2023. This represents a 55% increase over the previous year of approximately 1.3 million units shipped and $20.7 million in K-POP sales. With several other major K-POP acts scheduled to be released throughout the balance of 2023, this exponential sales growth is expected to continue. “K-POP is absolutely on fire with big new release shipments going to retail in August and October from multiple artists,” said Jeff Walker, CEO of Alliance Entertainment. “It is no longer only BTS and a couple other bands, this is now a significant genre of music worldwide. K-POP has helped revive the CD business and we cannot wait until these titles move to vinyl, which will be fantastic for the K-POP fans.”
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on AENT:
- Alliance Entertainment Sees Explosive Sales and Future Growth with K-POP
- Alliance Entertainment’s AMPED distribution celebrates 20 award nominations
- Alliance Entertainment’s Mill Creek Entertainment Hits Home Run With Exclusive Digital and Physical Movie Release of Nefarious
- Alliance Entertainment’s AMPED Distribution Celebrates 20 Award Nominations at the 2023 International Bluegrass Music Awards
- Fly Insider: Children’s Place, Netflix among notable insider trades this week