Los Angeles, CA / ACCESSWIRE / March 13, 2014 / Hannover House,
Inc. (OTC: HHSE), a leading independent distributor of films, books
and entertainment products, has entered into a twelve picture
agreement for video-on-demand (VOD) sales with Los Angeles-based
All Channel Films, Inc. The sales representation agreement covers
all USA transactional and "non-subscription" VOD, with I-Tunes,
VUDU and VODwiz as excluded accounts from the transaction. Key
customers that will be represented by All Channel under the venture
include HULU, Vubiquity, TVN, In-Demand and Amazon.
"We have enjoyed a long and beneficial relationship with Seth
Kittay and All Channel Films over the years," said Fred Shefte,
President of Hannover House. "The broad customer reach that they
can provide will dramatically increase the VOD revenues for each of
the Hannover House titles under the agreement, as has been
evidenced by recent results with our titles," he concluded.
All Channel Films has represented video-on-demand placements for
a handful of earlier, Hannover House releases, but until now, there
was no formal agreement and long-term output venture in place. VOD
revenues generated through All Channel films of the Hannover House
title, "Turtle: The Incredible Journey" have already exceeded
$120,000, said Shefte, which is why he feels that key titles could
enjoy comparable revenues under this agreement.
The initial twelve titles covered under the agreement
include:
Sci-Fi / Horror Titles: Amityville Asylum, Buried Alive,
Frankenstein 2014, The Honeymoon, Possession Within (aka
"Ingloda"), Spring Break Murders (aka "To.Get.Her"), Valley of the
Witch and Zombie Warz (aka "Falls the Shadow); Dramas: Blues for
Willadean, Reach, Sunshine and Wide Blue Yonder.
The video-on-demand release date windows will mirror the
Hannover House DVD and Blu-Ray schedule. The initial releases for
immediate placement will be Amityville Asylum, Blues for Willadean
and Zombie Warz, since all three films are already available on
DVD. Titles coming next are: Spring Break Murders, Possession
Within, Sunshine and Frankenstein 2014. The newly acquired feature,
Wide Blue Yonder, starring Brian Cox and Lauren Bacall, will enjoy
a limited theatrical release prior to home video and VOD
scheduling.
Although the agreement between Hannover House and All Channel
Films does not involve a specific revenue guarantee, based upon
recently generated results, Hannover House management is
forecasting the value of VOD revenues to be achieved by these
initial twelve titles to be worth between $400,000 and $700,000 to
the company.
All Channel Films is a well-known and respected distributor and
sales agency for independent feature films and video products.
Established over 25-years ago by pay-cable executive Seth Kittay,
All Channel Films has an impressive track record for successful
placement of independently product films onto all forms of
television and cable, as well as through video-on-demand outlets.
The company is based in Los Angeles. Other independent studios with
products that have been represented by All Channel Films, both at
present as well as in the recent past include: Phase 4, Ignite,
Birch Tree, Screen Media, Arclight, Park, Xenon, Moonstone, Artist
View, Barnholtz, Lonely Seal, Panorama, Serendipity, 6 Sales,
Monarch, Vista St, CCI, Motor, RAI, Prime, Cinema Epoch, New Video,
Vanguard, Monarex and MTI.
ABOUT HANNOVER HOUSE - Founded in 1993 as a
book publisher, Hannover House added DVD products in 2003 and has
grown the business into a well-recognized brand in the independent
film marketplace. The company releases about 24 new DVD titles each
year, with occasional theatrical releases (based on product
stature), and ongoing releases in the Audio CD format and Book
Publishing platforms. Hannover House believes that the company is
ideally suited for rapid growth during 2014 and 2015. Newly
announced activities to develop major motion pictures with a
variety of pre-sale and non-recourse financing structures will
provide Hannover House with high profile theatrical releases that
could significantly increase revenues, profits and corporate
stature. Additionally, a consumer roll-out launch of the
video-on-demand venture, “VODwiz.com” (and an IPTV VODwiz channel)
could generate parallel revenue paths with a business plan
combining elements of the Netflix streaming structure with the
Redbox discount pricing model. While developing these new revenue
streams, Hannover House will continue to operate its core business
of monthly DVD and VOD releases, with additional release activity
occurring with book publishing and theatrical activities throughout
the year.
Key retail accounts for Hannover House include Walmart Stores,
Inc., Redbox, Netflix, Barnes & Noble and thousands of
independent video retailers, schools, libraries and booksellers.
The company also sells entertainment products to a wide range of
internet sites, and services most major video-on-demand portals.
Hannover House stock is traded on the OTC Markets under 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, 479-751-4500,
Eric@HannoverHouse.com
Source: Hannover House
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