Hannover House Joins with Odyssey Pictures in Multi-Picture Distribution Pact
November 26 2013 - 8:00AM
Access Wire
(Dallas, TX ) //Accesswire// - Hannover House, Inc. (OTC:
HHSE) has entered into a multi-title distribution pact with Odyssey
Pictures which will cover the domestic and worldwide distribution
of feature film and video titles from both companies.
Hannover House, a well-established indie distributor for the home
video and video-on-demand markets will be handling North American
sales of pictures from Odyssey. Conversely, titles in the
Hannover House library requiring sales and licensing to the foreign
markets will be handled by Odyssey – a long-established and
respected distributor of international media rights.
"This is a win-win for both companies," said Eric Parkinson,
C.E.O. of Hannover House. "Odyssey has the relationships and
infrastructure to sell the Hannover House titles to the
international market. Hannover House has the customer base
and capacity to handle new releases from Odyssey for North America,
as well as re-issued titles from the impressive Odyssey
catalog. We view this as a multi-million dollar sales pact
that will have significant impact to each of our revenues."
In addition to the current distribution pact, Hannover House and
Odyssey will be working together to develop higher-end features
that will also be jointly distributed.
Odyssey Pictures has been active in film production and
international sales since 1989, when the company was first launched
by executive Patrick Wachsberger (now co-chairman of
Lionsgate). Under the direction of C.E.O. John Foster,
Odyssey has built on the company’s international sales foundation
by adding a slate of media-financing services. Hannover House
has been looking for means to expand its release slate of DVD,
Blu-Ray and Video-on-Demand releases for the USA and Canadian
markets, and will be accessing properties from the Odyssey
Catalog. Hannover House also owns the worldwide rights to
over a dozen properties that will be marketed by Odyssey under the
new distribution pact.
"Hannover House has been looking for ways to market our titles
internationally, as well as to expand our home video release
slate," said Fred Shefte. "Working together with Odyssey is a
beneficial structure for both companies to grow our revenues
together. Additionally, the access to capital that Odyssey
brings will help take Hannover development projects to the next
level."
The first titles from the Odyssey catalog to hit the Hannover
House release slate will be seen in April, 2014; the first
Hannover House titles to be presented internationally by Odyssey
will also occur in April, at the MIPCOM market in Cannes,
France. Specific title listings and release schedules will be
posted on the websites for each company within thirty days of the
agreement.
About Hannover House,
Inc. - Hannover House is a
full-service, independent media company, established in 1993 and
specializing in home video releases and book publishing in the
United States and Canada. The company has a library of more than
180 properties, and a new release slate of 24 titles over the next
9-months. Key accounts include Wal-Mart, Redbox, Netflix, SAMS,
Harps, Best Buy and Barnes & Noble. Hannover House is
headquartered in Springdale, Arkansas nearby to the world
headquarters for Walmart Stores, Inc. For more information, visit:
www.Hannoverhouse.com, or to view financials and disclosures,
visit: www.OTCMarkets.com, ticker symbol: HHSE.
About Odyssey Pictures Corporation – Founded in
1989, Odyssey Pictures Corporation has a rich legacy of
accomplishment in the entertainment industry through the financing
and distribution of major motion pictures such as "Sniper",
"Wuthering Heights", "1492" and "The Handmaid’s Tale" as well as
the acclaimed HBO Series "And the Band Played On." The
company remains active in the international sales and licensing of
films, and has diversified into providing various forms of
financing for media companies and projects. CEO John Foster
is a well-respected and proven executive, who is continuing the
legacy of the company that has been built over the past twenty-five
years.
Forward-Looking Statements - Certain statements
contained herein are forward looking. These forward-looking
statements are based on our current expectations and are subject to
a number of risks, uncertainties and assumptions. Many factors
could cause actual results to differ significantly from these
statements, including our history of operating losses, our need for
additional financing, a failure of our products to perform as
expected, introduction of competing products by other companies,
pressure on prices from competitors and/or customers, regulatory
obstacles to new product introductions, lack of acceptance of our
products, and technology changes. These risks, uncertainties
and assumptions are detailed in documents filed by us with the
Securities and Exchange Commission.
The Company cautions that the foregoing list of important factors
is not exclusive. Any forward-looking statements are made as of the
date of the document in which they appear. The Company does not
undertake to update any forward-looking statement that may be made
from time to time by or on behalf of the company.
For more information contact:
Eric Parkinson, Hannover House, 479-751-4500 /
Eric@HannoverHouse.com
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