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Re: Martin81 post# 177365

Thursday, 07/24/2014 2:17:50 PM

Thursday, July 24, 2014 2:17:50 PM

Post# of 370247
HHSE/FILING: Acquisition “On Any Sunday: The Next Chapter”



















ITEM 1 - MINUTES OF THE BOARD OF DIRECTORS MEETING OF JULY 24, 2014

A specially called meeting of the Company's Board of Directors was held at 9:00 am on Thursday, July 24, July 11, 2014 at the Company's principal headquarters in Springdale, AR. The following minutes cover the single agenda item which was discussed. As the financial commitment to this acquisition opportunity, and the likely revenues to be derived there from each constitute a material development for the Company, this acquisition requires both Board approval as well as disclosure through a Form 8 SEC Edgar filing disclosure (which will be filed separately).



1). BOARD REVIEW AND APPROVAL OF “ON ANY SUNDAY” VENTURE

Following meetings (and a screening) of the Redbull MediaHouse feature film, “On Any Sunday:: The Next Chapter” at the Cannes Film Festival and Marche du Filme in May, HHSE Managers had been working closely with the Redbull distribution team on a releasing plan for the USA market. The following terms were discussed and agreed upon by the HHSE Board of Directors, with the authorization made to proceed with execution of the distribution agreement.

FILM: “On Any Sunday: The Next Chapter” – An impressive remake of the 1971 Academy Award nominated feature, “On Any Sunday,” from director Bruce Brown. The new version is produced by Bruce Brown and directed by Dana Brown, and was shot in 4K format.

THEATRICAL RELEASE – Working in partnership with Regal Entertainment Group, HHSE will provide a nationwide theatrical release of the film on Oct. 31 or Nov. 7 (subject to Regal’s screen availabilities in key markets), which release will include at least 35 of the top 40 markets, and will open on up to 250 prints (HD / DCP / 4k format). HHSE shall earn fees for both the booking of the film as well as a sales fee percentage of collections. Redbull shall be responsible for advancing all of the required P&A costs per a budget and disbursement plan to be mutually approved.

RED CARPET PREMIERE & MEDIA EVENT – Working with Redbull, Regal and Falco PR, HHSE will help coordinate a major media “red-carpet premiere” event to be held Wednesday, Oct. 22 at the Dolby Theatre in Hollywood, CA.

USA HOME VIDEO – HHSE shall pay to Redbull an advance of $250,000 (to be provided by a third-party investor already secured for this venture), which shall be recoupable to HHSE from net revenues of the film’s home video release (i.e., HH fee, plus costs, balance is producer’s net, and shall be subject to the recoupment of the $250,000 advance). HHSE to retain the option of utilizing 20th Century Fox Home Entertainment, Inc. as the USA primary home video label, under a sub distribution provision in the agreement with Redbull. Proposed release date for home video (both in packaged goods formats as well as V.O.D. / EST / Digital) is Feb. 4, 2015. Cumulative revenue projections are $3.2-mm.

HHSE shall be co-branded with logo visibility on theatrical release prints, ads, posters, video packaging and video units of the film. A consumer website, including a trailer link and press articles on this film is available at:

http://www.OnAnySundayFilm.com

In respect of the revenue value of this acquisition, as well as the availability of private investor funds to pay the home video advance fee, the Board unanimously approved the venture for immediate execution.


As there were no further issues requiring action by the Board of Directors, the Meeting was adjourned at 9:15 am, Central Standard Time.


Management Discussion and Analysis - Minutes of Special Board of Directors Meeting - July 24, 2014:
https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=123744






















FANDANGO

EXCLUSIVE: 'ON ANY SUNDAY: THE NEXT CHAPTER' POSTER DEBUT

JUNE 24TH 2014, 9:32 AM

Long before live sports coverage and countless reality shows saturated every corner of the television market, Bruce Brown's pioneering motorcycle racing documentary On Any Sunday blazed a trail across movie screens back in 1971. Brown, who had made his name with the equally stunning surfing doc The Endless Summer, captured a wonderful variety of motorcycle racers and fans, including actor Steve McQueen, competing fiercely (and treated like every other rider) at the height of his stardom. The film earned an Academy Award nomination for Best Documentary Feature.

Now, 43 years later, Brown's son Dana Brown has made a follow-up documentary, On Any Sunday: The Next Chapter. As might be expected, the younger Brown follows in his father's footsteps by focusing on racing, but he goes beyond that, capturing the excitement of athletes, innovators, celebrities, and visionaries around the world who have embraced motorcycle culture, a unique culture that has fostered closer family bonds among many participants.

Thrilling yet intimate, On Any Sunday: The Next Chapter was shot in 4K Ultra HD and should look spectacular when it opens in movie theaters this fall. We are pleased to premiere the poster for the film below.








http://www.fandango.com/movie-news/exclusive-on-any-sunday-the-next-chapter-poster-debut-748045


























HHSE