Film & Television Library Valuation Sought Ad
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Posted On: 10/22/2020 1:44:18 AM
Film & Television Library Valuation Sought
Additional Footnotes to Balance Sheet
(for the three-months ending June 30, 2020)
(6) The company’s Film & Video Library has not had a current review in almost ten years; during that timeframe, the retail DVD business has dramatically decreased, whereas “digital streaming” of entertainment products has markedly increased. It has been HHSE management’s position that the loss of forecasted DVD sales has been equally offset (in “net income”) from the value of the digital streaming increases and the lowered cost to achieve net income with digital streaming. During October and November of 2020, Company is embarking on its first effort to secure Domestic (North American) Television licenses for key titles in the Hannover House library – including high profile films such as “Twelve”, “Bonobos” and “Toys in the Attic.” The pursuit of these television sales is in support of the company’s endeavor – planned for January 2021 – to have a new and complete Film and Television Library Valuation Report – which analyzes and forecasts likely and obtainable revenues from approx. 475 titles represented by Hannover House / Medallion – including updated values for DVD and BluRay, Digital Streaming, International Licensing and Domestic Television.
16
(Exhibits For "TWELVE" & "TOYS IN THE ATTIC"
https://backend.otcmarkets.com/otcapi/company...80/content
Additional Footnotes to Balance Sheet
(for the three-months ending June 30, 2020)
(6) The company’s Film & Video Library has not had a current review in almost ten years; during that timeframe, the retail DVD business has dramatically decreased, whereas “digital streaming” of entertainment products has markedly increased. It has been HHSE management’s position that the loss of forecasted DVD sales has been equally offset (in “net income”) from the value of the digital streaming increases and the lowered cost to achieve net income with digital streaming. During October and November of 2020, Company is embarking on its first effort to secure Domestic (North American) Television licenses for key titles in the Hannover House library – including high profile films such as “Twelve”, “Bonobos” and “Toys in the Attic.” The pursuit of these television sales is in support of the company’s endeavor – planned for January 2021 – to have a new and complete Film and Television Library Valuation Report – which analyzes and forecasts likely and obtainable revenues from approx. 475 titles represented by Hannover House / Medallion – including updated values for DVD and BluRay, Digital Streaming, International Licensing and Domestic Television.
16
(Exhibits For "TWELVE" & "TOYS IN THE ATTIC"
https://backend.otcmarkets.com/otcapi/company...80/content
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