New York, NY - January 20, 2015 - InvestorsHub NewsWire
- Lead by an impressive line-up of high-profile DVD and BluRay
releases, Medallion Releasing and Hannover House (OTC:
HHSE) have emerged to become one of the most prominent and
prolific suppliers of independent films in the U.S. market.
During the first six months of 2015, Hannover and Medallion
supplier labels will release a total of thirty new release films
and twenty-four repriced titles to the USA home video market – a
volume of releases that is more than six-times greater than the
company’s total output during 2014. Additionally, Hannover
House will be releasing five films to theatres during the first
half of the year, which activities will collectively elevate the
labels to a major independent status within the industry.
“It’s taken several years to reach this point. But it’s
safe to say that we have arrived,” said Fred Shefte, President of
Hannover House. “Under the direction of our new V.P. of
Sales, Tom Sims, and his Medallion Releasing structure, we have
more new release titles now shipping and streeting during the first
quarter of 2015 than we had during the two previous years combined.
The wholesale and retail response to this product slate has been
superb, and we will maintain this aggressive pace throughout the
year. It’s a very exciting to watch our revenues grow
exponentially under this new, Medallion multi-studios structure,”
he concluded.
Tom Sims, formerly the Walmart Video Buyer for Anderson
Merchandising, has organized a consortium of independent supplier
studios to combine sales activities under Medallion Releasing, a
distribution unit of Hannover House. Sims operated a similar
venture at Vivendi/Universal Music Group, which combined titles
from approximately ten supplier studios under a single sales and
distribution banner. The business model has resulted in a
rapid expansion of release activities and revenues for the combined
entities.
Key new release DVD and BluRay titles for Hannover House and
Medallion Releasing supplier studios during the first half of 2015
include:
“American Justice” – Action Adventure starring Tommy Tiny
Lister, John Schneider, James Russo, Vida Guerra and Johnny “Nitro”
Hennigan; “Gabrielle” – Horror-Thriller starring Michael
Madsen; “Silent No More” – drama starring Kim Whitley and K.D.
Aubert; “Dinosaurs of the Jurassic” – Kids Educational
starring Dr. Scott Sampson; “Salvation” – Thriller starring Ryan
Donowho and Angel McCord; “Yoga Fit” starring CBS Sports
personality Allie LaForce; and “Bad Apple” – Christian drama
starring Rhoda Griffis and Darrin Dewitt Henson. Principal
budget-priced releases and reissues include: “3 Geezers” starring
Tim Allen, Kevin Pollak and J.K. Simmons; “Love Beat the Hell Outta
Me” starring Terrence Howard; “War Flowers” starring Christina
Ricci and Tom Berenger; “Grand Champion” starring Emma Roberts,
with Julia Roberts and Bruce Willis; “Doonby” starring John
Schneider; and “Jules Verne’s Mysterious Island” a SyFy Channel
movie.
New release videos during 2013 for Hannover House were “Toys in
the Attic,” “Zombie Warz,” “Fathers of the Sport,” “Razorbacks
Football” and the three-title Jules Verne collection, “20,000
Leagues Under the Sea,” “Around the World in 80-days” and “Journey
to the Center of the Earth.” New release videos for 2014 were
“Amityville Asylum,” “Blues for Willadean” and Canadian releases of
“To.Get.Her: The Spring Break Murders” and “Possession: The Ingloda
Within.” Hannover House also released three books in 2014 and
one audio CD, the John Lennon Tribute CD, “Lennon Bermuda.”
During 2015, Medallion and Hannover House expect to have a total
of fifty new release titles and forty-five re-issues or
budget-priced promotions. Key theatrical releases will likely
drive DVD and BluRay revenues for 2016 as these higher-profile
theatrical titles tend to generate significantly greater video
revenues than the direct-to-video fare.
ABOUT HANNOVER HOUSE - Founded in 1993 as a book publisher,
Hannover House added DVD products in 2003 and has grown the
business into a well-recognized brand in the independent film
marketplace. The company also maintains a presence in the
Audio CD format and Book Publishing platforms. Key retail
accounts for Hannover House include Walmart Stores, Inc., Redbox,
Netflix, Best Buy, Target Stores, Barnes & Noble and thousands
of independent video retailers, schools, libraries and
booksellers. The company also sells entertainment products to
a wide range of internet sites, and services most major
video-on-demand portals. Another significant venture, VODwiz,
combines elements of the Medallion Releasing multi-studio model
into a one-stop video-on-demand streaming site, which will begin
promoting the service to consumers over the next few months.
Hannover House stock is traded on the OTC Markets under ticker
symbol: HHSE.
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