*** NOTE UPDATE: A paragraph was added to this BLOG after it was originally written. The new comments are at bottom in red. ***
Monday, June 10, 2019
"Heavy Water" Opens THURSDAY (June 13) On 550-screens!
Greetings HHSE Friends & Followers - We congratulate director MICHAEL OBLOWITZ and our friends at REDBULL MEDIA HOUSE on this week's launch of HEAVY WATER via Fathom Events to more than 550 theatres across the U.S.A. We are honored to be working again on our third feature film title with REDBULL and our second releasing project with director MICHAEL OBLOWITZ.
Following this week's nationwide theatrical launch venture with Fathom, HHSE will be implementing an Awards-Qualifying Run and Promotion to showcase "HEAVY WATER" as a contender for BEST DOCUMENTARY FEATURE - 2019, for the major awards.
Previous projects for HHSE with Redbull include the 200+ print theatrical opening of "ON ANY SUNDAY: THE NEXT CHAPTER" and the DVD / BluRay release of "RIDE UNITED."
Prior projects with director Michael Oblowitz include the current theatrical release of "FRANK AND AVA" (which launched back in December, and is continuing to add theatres throughout the summer).
HEAVY WATER is an outstanding film, and among the greatest "surf" movies of all time. We are honored to be handling this awards campaign, and look forward to seeing the audience reaction this Thursday!
Over the course of recent years, Hannover House went from "licensing" film distribution rights and putting up both an acquisition advance AND spending the substantial marketing costs... to moving into a P&A collateral model for films (but which still contained a risky "guarantee" or debt service obligation for HHSE). Our new business model for third-party-owned releases operates as a pure SERVICING venture... in which the producers advance 100% of all marketing costs and assume 100% of all risk (as there's no guarantee or collateral pledge by HHSE), with HHSE being paid an upfront "booking" fee and additional "marketing / operations" fees for facilitating releases. This form of servicing deal business model structure removes all risk to Hannover House, while still providing these third-party producers with access to mainstream theatres through the established Hannover House relationships.
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