July 14, 1997 |
Alliance Entertainment Corp., the nation's largest independent music distribution company, is expected to file today for Chapter 11 bankruptcy protection, sources said. The long-rumored action follows Alliance's default on a bank credit agreement requiring the company to raise $35 million of equity and make an amortization payment of $2 million before July 1.
December 31, 1997 |
Alliance Entertainment Corp. said it will fire 150 workers in California as part of the company's move to Coral Springs, Fla. Alliance, which sought Chapter 11 bankruptcy reorganization in July because of high debt and weak sales, said the firings will result from its closure of a Santa Fe Springs warehouse by Jan. 17. The company, formerly based in New York, said it will transfer those operations to Coral Springs by Feb. 28.
December 24, 1993 |
Airlie Inc., an employee-owned distributor of music cassette tapes and compact discs, signed a $35.5-million deal to be taken over by a New York music distributor, the company announced Thursday. Purchasing Airlie, which does business as Abbey Road Distributors, makes it possible for New York's Alliance Entertainment Corp. to expand into the West Coast, said Airlie Chief Executive Bruce Ogilvie. "Alliance has a lot of labels with exclusive distribution in the East Coast," Ogilvie said.
November 15, 1999 |
Ticketmaster Online-CitySearch already uses the Web to sell tickets to thousands of events. Today, the Pasadena company will begin selling merchandise related to those events as well. The new Ticketmaster Store will offer CDs, videos, apparel and memorabilia related to concerts, sporting events, plays, museums and family entertainment activities. Alliance Entertainment Corp. and Steiner Sports Memorabilia will be named as distribution partners.
November 21, 2001 |
Valley Media Inc., one of the main distributors for independent record labels, filed for Chapter 11 bankruptcy protection on Tuesday. The long-expected move followed the collapse of merger talks with distributor Alliance Entertainment Corp. Valley's filing said the firm, based in Woodland, near Sacramento, has $240 million in assets and $260 million in debts.