Replies to post #159229 on Hannover House Inc (HHSE)

[speckulater]

BLOG: Pact With Canada's Top Indie Film Distributor










Hannover House Investor Relations Blog

Thursday, December 5, 2013

Hannover House Pacts with Canada's Top Indie Film Distributor

Hannover House is pleased to announce a new distribution / output arrangement with ALLEGRO MEDIA GROUP for Canada, effective Jan. 1, 2014 - and covering all new release titles through 2017. Allegro is the most dominant of indie film distributors in Canada, with placements of up to twenty titles per month into Walmart Stores and all other major accounts in that market. The venture with Hannover House is intended to cover all new release titles, plus a look-back period for items released during the past three years that were not otherwise released into Canada (about 10 additional items). In the past, Hannover House has utilized third-party sales agencies for the sale of DVDs and Blu-Ray units into Canada. This has proven to be inefficient (and at times, problematic for collections). This direct relationship with the strongest indie wholesaler is an important move that will significantly increase sales of HHSE products, speed up collections, and generate more revenues "per unit" than was received under middle-man structures. A more specific listing of titles and dates will be released next week.

http://www.hannoverhousemovies.blogspot.dk/2013/12/hannover-house-pacts-with-canadas-top.html









HHSE

[Michael Anderson]

Not familiar with Allegro, but if they are that large, this should be a PR