TDGI news -
Target Development Group and Hannover House Enter Into Film Library Ventures With Elite Entertainment and FOCUSfilm Entertainment
Press Release Source: Target Development Group and Hannover House On Wednesday December 16, 2009, 3:24 pm
SPRINGDALE, AR--(Marketwire - 12/16/09) - Hannover House, the film and video distribution division of Target Development Group, Inc. (Pinksheets:TDGI - News) (Other: www.TargetDevelopmentGroup.com, www.HannoverHouse.com), has entered into a distribution venture to become the exclusive USA DVD and Blu-Ray distributor for the Elite Entertainment and FOCUSfilm Entertainment libraries, collectively adding more than 60 catalog titles and up to 20 new release titles to the Hannover House roster.
The distribution pact was negotiated between Target and Hannover President D. Frederick Shefte and Vini Bancalari, president of Elite Entertainment, Inc. and partner in FOCUSfilm Entertainment. The agreement was activated this week through the initial funds transfer from Hannover House, with additional installment payments slated over the coming months. Actual sales representation of the Elite and FOCUSfilm titles will commence in January 2010.
The Elite Entertainment label is the premiere science-fiction, fantasy and horror film independent video supplier in North America. Key titles include director Philippe Mora's alien-abduction masterpiece, "Communion" starring Christopher Walken; the big-foot monster classic, "Boggy Creek 2: The Legend Continues"; "Savage Harvest 2: October Blood"; and the 10-title horror series, "The Fearmakers Collection." The FOCUSfilm library contains a wide range of classics and international cinema favorites including multipacks of "Sherlock Holmes," "Ryder P.I." and the Orson Welles boxed set, "Citizen Welles." Additional titles, trailers and more information are posted at www.EliteDisc.com.
"This is an ideal marriage for both companies," Shefte said. "Elite and FOCUSFilm were looking to expand their distribution reach while Hannover House was looking to acquire more programming to present to our large and growing customer base. We feel uniquely qualified to maximize revenues from their catalog titles, and build on their exciting new release titles coming in 2010 and 2011."
"It's a multimillion dollar opportunity that adds significantly to Hannover's product roster and market credibility," he added.
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