NTEK/HHSE VODwiz™ REVENUE SPLIT on FILMS!!!
Post# of 96879
Posted On: 06/21/2013 12:43:44 PM
NTEK/HHSE VODwiz™ REVENUE SPLIT on FILMS!!!
Quote:
8). 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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