Hannover House Sets $1-million Advance for Major New Thriller "Within Screaming Distance"
May 15 2014 - 10:50AM
Access Wire
Cannes, France / ACCESSWIRE / May 15, 2014 / Hannover
House, Inc. (OTC: HHSE) has locked the first major acquisition deal
at this year's Cannes market with a $1-million advance and a
600-screen theatrical release commitment for the Joseph Stefano
thriller, "Within Screaming Distance." The $5-mm budgeted indie
production is represented by Odyssey Pictures Corporation, and is
set on the night of the Sharon Tate murders by the Charles Manson
Family. Three major stars are circling to attach to the $5-mm
budgeted indie production, which is set for principal photography
in Los Angeles and New Orleans this November.
The film is based on the highly anticipated screenplay by the
legendary writer, Joseph Stefano (Hitchcock's "Psycho" and "The
Outer Limits"). The psychological impact of the shocking murders
hit hardest for the neighbors next door, who struggled with
themselves about investigating into the screams and odd activities
overheard. The mood is intense and thrilling, consistent with
Stefano's greatest works. Producers are John Foster, Ray
Cavalieri, Ted Warren and Ed Robin. No director will be set
until key cast approvals are confirmed.
Financing for the Hannover House acquisition and theatrical
costs are being provided by a private, New York-based funding
group, who will be retaining a secured position in the rights to
the film. Hannover House is planning for a September, 2015
theatrical launch in all top 40 markets in the USA, as well as the
top ten markets in Canada. Home Media and Video-on-Demand
release are expected for December, 2015.
"This is the sort of hi-end acquisition that makes the most
sense for Hannover House," said CEO Eric Parkinson. "In order
for us to acquire major titles at the right licensing fee, we need
to get involved at this pre-production stage. A film of is
caliber - with the top-tier level of casting required - would
likely go for $5-million or more at Sundance or Toronto if we
waited for its completion and jumped into the bidding wars that
often circle such titles."
Hannover House is a U.S. based independent distributor,
specializing in DVD and BluRay releases to mass merchants and
kiosks. The company is located in Northwest Arkansas, near
its largest customer, Walmart Stores, Inc. established
20-years ago, and now holding a firm foundation in home media,
Hannover House is taking steps to move into higher profile
theatrical titles. The company has announced three additional
productions here at Cannes, "Mother Goose: Journey to Utopia," "The
Legend of Belle Starr," and "Black-Eyed Dog."
Odyssey Pictures is attending Cannes at the Palais Riviera,
Suite G-23
SAFE HARBOR
STATEMENT
This press release may contain certain forward-looking statements
within the meaning of Sections 27A & 21E of the amended
Securities and Exchange Acts of 1933-34, which are intended to be
covered by the safe harbors created thereby. Although the company
believes that the assumptions underlying the forward-looking
statements contained herein are reasonable, there can be no
assurance that these statements included in this press release will
prove accurate.
For more information
contact:
Eric Parkinson, Hannover
House, 479-751-4500 / Eric@HannoverHouse.com
North American rights to the new Odyssey Pictures production
of "Within Screaming Distance" were licensed to Hannover House for
$1-million royalty advance plus a 600-screen theatrical release
commitment. The historic thriller was written by Joseph Stefano
("Psycho", "Outer Limits") and chronicles the happenings of the
people living next door on the night of the Manson Family murders
of Sharon Tate and others in Los Angeles.
SOURCE: Hannover House
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