Hannover House Structures Production and Distribution Financing for “Legend Of Belle Starr” Feature
12/02/13
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, http://www.otcmarkets.com/stock/HHSE/filings
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HHSE
12/02/13
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, http://www.otcmarkets.com/stock/HHSE/filings
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