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Monday, October 24, 2016 3:23:09 PM
Published on Sep 19, 2016
UPTICKnewswire Everett Jolly Interviews Eric Parkinson, CEO for Hannover House, Inc. (HHSE), talk about the Media Industry including Books, DVD’s & Blu-Ray Sales and their Upcoming Independent Release, "Mother Goose: Journey To Utopia".
Great, Interesting and Informative Interview. Too many golden nuggets of info in this HHSE CEO Interview to list. Below is a synopsis of the Interview which only touches on some of the Highlights. Highly suggest prospective investors do some simple DD and listen to the entire 12:36 minutes Interview.
0:40 (Start Time Segment)
HHSE CEO Eric Parkinson
* Long Term Film Industry Executive (1983)
* First #1 Hit in 1984 was joint venture with ABC Sports called the 1984 Summer Olympics
* Over 1,000 Titles Released on Video
* 127 Releases that were Certified RIAA (Recording Industry Association of America) Gold or Platinum Bestsellers
* Parkinson worked way up to being the CEO at NASQ traded film company called Hemdale and Telecommunications (Terminator, Platoon, Last Emperor, Hoosiers)
* 1996 Hemdale sold Library to MGM for $250,000,000
* HHSE one of only 12 Full-Service Independent Film Distributors, Distribute Movies to Theaters, Home Video, Video-On-Demand, International, Television
* HHSE Products at Walmart, Netflix, Redbox, all the major film festivals
2:55
Media Industry is Dynamic, Changing
* Book Publishing, DVD Downtrend, Blu-Ray leveling off
* DVD Unit Sales actually up, but Revenues down, DVD Prices coming down (Pricing pressure)
* Book Publishing now making a comeback
* HHSE will still be active Book Pulishing & DVD. But will re-focus on Higher Profile Titles that go to Theaters First.
a.) Creates larger demand on Ancillary Markets (from Home Video to International).
b.) Netflix (Showtine, Starz, infrequently HBO & other Cable Networks) favors Theatrical Releases.
5:30
"MOTHER GOOSE: JOURNEY TO UTOPIA"
* Locomotive or Tent-Pole Release "Mother Goose: Journey To Utopia" that will change HHSE (Lionsgate Moment)
* Samuel Jackson & Shirley MacLaine attached
* Start Principal Photography in December
* Very big Venture, very complicated to raise the money.
a.) Biggest component of the money was a participation from the State of Arkansas
b.) As well as the new Technology Incentives that they have set up under the Economic Employment Development Corporation
c.) Some Foreign Pre-Sell
d.) Some Private Equity
* Ideally, would like to release "Mother Goose" November 2017.
* Cross Promotion being established with Major Restaurant Chain that may push back release because they will be buying Millions Dollars Network Time for Cross Branding
* Either way, "Mother Goose" will be ready by late 2017.
* "Mother Goose" rumored budget about $10M, other similar Titles might cost 10 times that.
* HHSE owns lot of our own production equipment, we have a facility that works as the insert stage, we have a truck we have all lights and and lighting equipment, and group equipment and post production equipment. So these are things that can save us literally millions of dollars.
* Really feel like we're paying Wholesale whereas lot of the other movies you see out there are paying Retail plus a Premium.
9:20
HHSE Temporarily Undervalued Stock Price
* HHSE Book Value (Liquidation Value) = .025 to .03
* Downward pressure due to HHSE Filing Form 10 March 2015, but Withdrawn due to Auditor losing Certification.
* Larger Firm performing new Audit now.
* HSSE has been in Quiet Period. Not promoting stock recently.
* Multiple Corporate Governances Issues about to be completed and released which logically should cause HHSE to reach closer to it's true and fair value north of .10
11:30
Closing Comment
* Media is Dynamic, Changing Industry. Declining DVD Revenue is being replaced by Streaming. HHSE is very active in Streaming such as Servicing Netflix, Apple, Amazon, I-Tunes, and HHSE's own Streaming Portal VODwiz.
http://upticknewswire.com/eric-parkinson-ceo-with-hannover-house-inc-talks-about-the-media-industry-and-their-upcoming-release/
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