Hannover House Sets "Mother Goose!" Acquisition and Production Plan
April 11 2012 - 10:33AM
Hannover House, Inc. (Pinksheets: HHSE) has acquired the worldwide
rights to the fantasy motion picture screenplay, "Mother Goose!"
from Michael Snyder, and has assembled a co-production team and
financing plan to put the film into production later this
year. The film is expected to feature a major star in the
title role of Mother Goose, along with several A-list celebrities
in cameo roles as famous characters from children's folklore.
"Mother Goose!" tells the story of a young brother and sister, Jack
and Jill, who are magically transported into a fantasy fairy land
full of amusing characters and absurd situations. In order
for them to return to their real lives, the kids must solve three
riddles and obtain a magical key from the queen of the land, Mother
Goose. The film contains story elements of "Alice and
Wonderland" as well as "The Wizard of Oz" and is written to appeal
to a broad, commercial audience.
"We're very excited to have acquired this property," said Eric
Parkinson, CEO of Hannover House. "Snyder has crafted an
enchanting story that reads like an instant classic. He has
also simplified our production process by initiating discussions
with major stars and co-production partners. We're confident
that the film can commence principal photography this fall, and be
ready for a summer, 2013 theatrical launch."
Hannover House plans to assemble the production financing for
"Mother Goose!" through a combination of international pre-sales,
tax incentives from the State of Arkansas, and a co-production
partnership with a Polish production company to be announced
later. Principal photography will occur primarily in
Arkansas, with many exteriors shot in Poland - including the castle
sequences - and star cameo roles shot in Los Angeles on a large
stage set.
"This is a major, tent-pole level picture for our release
schedule," said Fred Shefte, President of Hannover House. "We
have established a solid business model for Hannover House through
a regimented, monthly release slate of primarily direct-to-video
level titles. However, in order for the company to step up to
the higher levels of title visibility and commercial potential, it
is important that we have major releases such as 'Mother Goose' in
our schedule. We have found that, in many cases,
off-balance-sheet production fund opportunities present a safer
means for the company to acquire this level of major title, than
the festival acquisition bidding processes that often generate
inflated prices. Furthermore, the perpetuity ownership
of this title by Hannover House as copyright proprietor represents
a better library asset than a short-term license of rights from a
third party producer," Shefte concluded.
Parkinson and Shefte will be Executive Producers, with Snyder also
assisting with the producing chores. The film is expected to
attract a major director, said Parkinson.
"Mother Goose!" represents the company's first "A-Level" property
to move from development into a production greenlight mode.
Other major titles under development include "T3K", a proposed 3D
animated feature based on the "Terminator" franchise (requiring
third party licenses), and the property rights to the sequel for an
Academy Award winning feature, pending formal announcement.
The company is also involved with several mid-level production
ventures, including a multipicture agreement with Allegheny Image
Factory, with their current production of "The Mothman
Chronicles."
"Mother Goose!" represents the company's first "A-Level" property
to move from development into production greenlight. Other
major titles under development include "T3K", a proposed 3D
animated feature based on the "Terminator" franchise (requiring
third party license approval), and the property rights to the
sequel for an Academy Award winning feature, pending formal
announcement. The company is also involved with several
mid-level production ventures, including a multipicture agreement
with Allegheny Image Factory, with their current production of "The
Mothman Chronicles."
Current video releases for Hannover House include "Cook County"
(street date: April 17), "Pink Skies" (street date: May 8), and the
company's current pre-order record holder, "Humans Vs Zombies"
(street date: May 22). Hannover House is headquartered in
Springdale, Arkansas, near the world headquarters for WalMart
Stores, Inc., which is the largest retail customer for the
company's DVD and Blu-Ray products.
CONTACT: Leigha Schilling, 479-751-4500 / Leigha@HannoverHouse.com
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