Revenue already booked in Q4...up to Walmart to pl
Post# of 7494
Posted On: 12/26/2013 4:39:48 PM
Re: PowerPuncher #1489
Revenue already booked in Q4...up to Walmart to place it on shelves in Q1...
Follow-ups and Updates as requested. Good morning HHSE friends & shareholders - as promised in a recent blog, here are further details to shareholder questions that were not included in the current Q3 financials and disclosures. LENNON BERMUDA - After receiving a "Black Friday" placement acknowledgment from the wholesaler that services Walmart for Hannover House, we were subsequently told that the item was moved to Dec. 17th. Apparently, the buyer was unaware that the audio tracks are John Lennon songs, performed by artists other than John Lennon himself (as is the case with pretty much all tribute albums). Rather than lose the placement (or risk being buried under a flood of Black Friday competitive items), the option of a standard "new release" placement in mid-December makes a lot of sense. Also, instead of only having a four-day placement (as is often the case with Black Friday specialty items), this will give the CD a regular shelf spot and shelf life. Changing the release date as such does not change the reporting period for these revenues (it's all Q4 results). For those who have wondered, the Lennon Bermuda CD has been presented to Starbucks and is "under consideration" for Q1. That's all we know about their interest at this time.
http://www.hannoverhousemovies.blogspot.com/2...ested.html
Follow-ups and Updates as requested. Good morning HHSE friends & shareholders - as promised in a recent blog, here are further details to shareholder questions that were not included in the current Q3 financials and disclosures. LENNON BERMUDA - After receiving a "Black Friday" placement acknowledgment from the wholesaler that services Walmart for Hannover House, we were subsequently told that the item was moved to Dec. 17th. Apparently, the buyer was unaware that the audio tracks are John Lennon songs, performed by artists other than John Lennon himself (as is the case with pretty much all tribute albums). Rather than lose the placement (or risk being buried under a flood of Black Friday competitive items), the option of a standard "new release" placement in mid-December makes a lot of sense. Also, instead of only having a four-day placement (as is often the case with Black Friday specialty items), this will give the CD a regular shelf spot and shelf life. Changing the release date as such does not change the reporting period for these revenues (it's all Q4 results). For those who have wondered, the Lennon Bermuda CD has been presented to Starbucks and is "under consideration" for Q1. That's all we know about their interest at this time.
http://www.hannoverhousemovies.blogspot.com/2...ested.html
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