VODWIZ > According to what I found here it sounds
Post# of 96897
Posted On: 05/13/2015 5:03:25 PM
VODWIZ > According to what I found here it sounds like
NTEK will officially announce their involvement with
VODWIZ and the share of revenues they are getting sometime
soon....I would suspect they will do it after they get thru this
"Soft Launch' period and have gotten all the bugs taken care
of and we get into the MAJOR SUMMER MARKETING CAMPAIGN
when they UPLOAD some MAJOR TITLES on VODWIZ...
At any rate here's what I found.....
So, the Delivery Costs go right to HHSE. Plus, HHSE also gets 50 % of the remaining Revenues. Yes, there is a revenue split agreement with NTEK and HHSE. We do not know the details. The split is agreeable to both NTEK and HHSE, that is all we need to know.
HHSE = Delivery Costs - NTEK Split + 50 % of Remaining Revenues (each transaction)
. What are the terms of the deal and relationship between Hannover House and Nanotech (NTEK) regarding the VODwiz.com Video-On-Demand site and Roku IPTV Channel?
A: NTEK is handling the technical and operational infrastructure for both streaming outlets, with Hannover House acquiring and accumulating programming (both from our own library as well as from a long-list of supplier partners and studios). There is a revenue split agreement with NTEK. Hannover determined that the upfront costs (both in terms of technical infrastructure and engineering expertise) were significant, and instead agreed to the NTEK deal to enable HHSE to focus on the programming and not the hardware. Additional details will be released under mutually approved announcements.
NTEK will officially announce their involvement with
VODWIZ and the share of revenues they are getting sometime
soon....I would suspect they will do it after they get thru this
"Soft Launch' period and have gotten all the bugs taken care
of and we get into the MAJOR SUMMER MARKETING CAMPAIGN
when they UPLOAD some MAJOR TITLES on VODWIZ...
At any rate here's what I found.....
So, the Delivery Costs go right to HHSE. Plus, HHSE also gets 50 % of the remaining Revenues. Yes, there is a revenue split agreement with NTEK and HHSE. We do not know the details. The split is agreeable to both NTEK and HHSE, that is all we need to know.
HHSE = Delivery Costs - NTEK Split + 50 % of Remaining Revenues (each transaction)
. What are the terms of the deal and relationship between Hannover House and Nanotech (NTEK) regarding the VODwiz.com Video-On-Demand site and Roku IPTV Channel? A: NTEK is handling the technical and operational infrastructure for both streaming outlets, with Hannover House acquiring and accumulating programming (both from our own library as well as from a long-list of supplier partners and studios). There is a revenue split agreement with NTEK. Hannover determined that the upfront costs (both in terms of technical infrastructure and engineering expertise) were significant, and instead agreed to the NTEK deal to enable HHSE to focus on the programming and not the hardware. Additional details will be released under mutually approved announcements.
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