Hannover House Structures Production and Distribution Financing for “Legend of Belle Starr” Feature
December 02 2013 - 7:30AM
Access Wire
Springdale, AR / ACCESSWIRE / Hannover House, Inc. (OTC:
HHSE) has corralled a group of private investors in Kansas and
Arkansas to finance the production and distribution of the period
western, “The Legend of Belle Starr.” The total funding for the
venture is set at five-million dollars, which includes production
costs as well as theatrical prints and advertising. Hannover House
will oversee the production - which will occur through a special
purpose entity (Belle Starr, Inc.) - with the private investment
group shouldering the financial risk. Hannover House will also
handle all distribution and licensing of the film, worldwide in all
media, with a planned launch to the international markets set for
Cannes, 2014.
“The Legend of Belle Starr” chronicles the life and death of the
notorious, female outlaw, Myra Maybelle Shirley Reed Starr, best
known as “Belle Starr.” From her early days in Missouri, to her
outlaw years in Arkansas and the Oklahoma Indian Territory, Belle
Starr rose to legendary stature with exploits involving the James
Gang, the Younger Brothers and “Hanging Judge” Isaac Parker. Starr
was killed in 1889, just days before her 41st birthday, in an
ambush that remains unsolved to this day.
Principal photography for the film will commence on June 9,
2014, and will take place primarily in Northwest Arkansas and
Kansas, with most of the western town sequences slated for filming
in Historic Cowtown, in Wichita, Kansas. The film is scheduled for
an eight week shoot, with a national theatrical release pegged for
January, 2015. Due to the breadth of the film’s planned theatrical
launch, as well as the anticipated star-casting, Hannover House
expects to place the film into its established distribution venture
with 20th Century Fox Home Entertainment. Additionally, the film
will be shot and posted in 4K resolution, in respect of the
emerging format for ultra-high-definition.
“This is a significant development for the company,” said
Hannover House C.E.O. Eric Parkinson. “Having a privately funded
film of this caliber will enable Hannover House to leap into a
higher revenue realm, without risk. We are pursuing additional
projects with private funding as we see this as a smart strategy
towards building the company’s revenues without impacting internal
resources.”
International marketing activities will concentrate on the
film’s action and suspense elements, while domestically, Hannover
will emphasize the western nostalgia and strong female leads.
Federal and State tax incentives are expected to offset about 25%
of the film’s production costs. Theatrical releasing expenses will
be covered through funds raised by the private investor group, as
well as revenues from initial foreign sales. Hannover House plans
to open the film on at least 500 screens in order to meet certain
qualification standards for Subscription Video-On-Demand contract
fees, and pay television formulas.
During 2014, Hannover House will continue with its existing DVD
and Blu-Ray release strategy as a core-business for the Company.
Hannover House plans to release two to three “direct-to-video” (or
limited theatrical) titles per month, which has proven to be a
profitable strategy. However, the higher-profile titles, such as
“The Legend of Belle Starr” are expected to significantly impact
revenues and stature for Hannover House, and are viewed as the
next, logical step for corporate growth. The company is also
planning to rapidly expand its VODwiz.com streaming venture and
IPTV site now that the beta-testing phase has been completed and
deemed successful.
About Hannover House, Inc. – Hannover House is
a full-service, independent media company, established in 1993 and
specializing in home video releases and book publishing in the
United States and Canada. The company has a library of more than
180 properties, and a new release slate of 24 titles over the next
9-months. Key accounts include Wal-Mart, Redbox, Netflix, SAMS,
Harps, Best Buy and Barnes & Noble. Hannover House is
headquartered in Springdale, Arkansas nearby to the world
headquarters for Walmart Stores, Inc. For more information, visit:
http://www.hannoverhouse.com/, or to view financials and
disclosures, visit: www.OTCMarkets.com, ticker symbol: HHSE.
SAFE HARBOR STATEMENT
This press release may contain certain forward-looking statements
within the meaning of Sections 27A & 21E of the amended
Securities and Exchange Acts of 1933-34, which are intended to be
covered by the safe harbors created thereby. Although the company
believes that the assumptions underlying the forward-looking
statements contained herein are reasonable, there can be no
assurance that these statements included in this press release will
prove accurate.
For more information contact:
Eric Parkinson, Hannover House, 818-481-5277 /
Eric@HannoverHouse.com
Source: Hannover House, Inc.
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