Hannover House Inc (HHSE)

[just-for-fun]

HHSE once again talked about a multi million dollar Netflix agreement yet can't pay TCA the last $150,000. Where did all the pre-sale money go ?

HHSE strikes multititle deal for FreeStyle Releasing / Netflix Subscription V.O.D.

Greetings HHSE Friends - As previously mentioned, FreeStyle Releasing will be representing upcoming Hannover House theatrical films, including "THE SUMMONING." We are pleased to announced that "BONOBOS: BACK TO THE WILD" and "THE ALGERIAN" have also been added for the sales representation venture, based on the upcoming / qualifying theatrical release schedule for these two new films. "DARK AWAKENING" - also opening at theatres this summer from HHSE - is not eligible for the Netflix Subscription Video-On-Demand placement due to a major pre-sale for the film on SHOWTIME NETWORKS.

For eligible films meeting programming and quality requirements, Hannover House is required to release each to a predetermined number of Top 25 theatrical markets. plus aThe value of the licensing fees begins with a significant (6-figure) base fee,n overage formula tied into box office performance. For the initial three titles, a valuation of $3-million is considered to be realistic and obtainable - but may vary based upon the actual box office performance that the films will be generating during their release window. From a revenue-reporting standpoint, HHSE will only book the base contract amount for each film until box office overages are known.