Hannover House Inc (HHSE)

[jainshul]

Article on the Variety website about Indie films and Cannes 2010

Witness the sudden arrival of Hannover House, the book publisher and homevid distribber that was an active buyer at Sundance, picking up buzz title "Happythankyou-moreplease" and "Twelve." It has also picked up Canadian pic "The Wild Hunt," which had screened at Sundance.

We would love to get some mid-level films at Cannes," says Hannover CEO Erik Parkinson, who isn't daunted by the droves who left the indie sector. "We think there's sales growth in favor of mid-level films. If we're acquiring for the right price and controlling our P&A expenditures, we can run a profitable business."

In a sign that the times aren't changing that much, Parkinson isn't sold on digital delivery systems. "Thus far, it's only 5% of what we've done on traditional DVD," he says.

And if the theatrical business turns out not to be all its cracked up to be, says Parkinson, "we'll just go back to our core business."