Thursday, June 12, 2014 Shareholder inquiries: specific third-party production updates. Greetings HHSE Friends & Shareholders - We have received some emails in the past day or so, asking about "WILD OATS" and the production status. As some of you may have seen, VARIETY and other trade publications have released the news that today's current attachments now include DEMI MOORE - replacing SARAH JESSICA PARKER - who replaced CHRISTINA RICCI. No news is out as to which actor is going to replace JACK BLACK who replaced CHRISTOPER WALKEN... and no news about whether or not the producer's team at "Wild Pictures" will ever get it all together and actually begin filming.
But we do hope it all works out. Hannover House has a contract for the exclusive North American distribution rights in all media. The "Wild Oats" production team has made an offer - and Hannover House accepted - a "buy out" of the Hannover House distribution rights in order that they can accept a similar agreement from the Weinstein Company. To date, despite the existence of a buy-out agreement, Hannover House has not been paid.
Our position is simple. Either they buy us out, or we will seek legal remedies to enforce our distribution rights in the film. So obviously, we're hopeful that they get it together as we feel that the company comes out positively "either way."
That said, I believe that this picture would have been made over two-years ago had they not made the decision to try and fund it without the Hannover House support. Clearly, their "better methodology" has not yet resulted in anything more than occassional trade-publication write-ups of their revolving door of cast members. If you're interested, here's the recent story from VARIETY:
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