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August 12, 2010 7:52 PM EDT
NEW YORK, NY -- (MARKET WIRE) -- 08/12/10 -- Hannover House, the entertainment distribution division of Target Development Group, Inc. (PINKSHEETS: TDGI) (www.HannoverHouse.com), has entered into a feature film development venture with Vancouver-based Red Bear Entertainment, for "Terminator 3000," envisioned as a $70-million dollar budgeted, 3-D animated feature film based on the characters and situations introduced in the original "Terminator" feature. Hannover House C.E.O. Eric Parkinson previously served as C.E.O. of Hemdale Home Video, Inc. and Hemdale Communications, Inc., and handled the distribution of the original "Terminator" feature.
Story details for "Terminator 3000" are being kept under close wraps, but the writers and production team have a stated goal of minimizing violence in order to obtain a PG-13 level of material.
Hemdale produced and distributed director James Cameron's original "Terminator" feature, but released the sequel rights in 1990 to Carolco, which later transferred the rights to ultimately end up under the control of Halcyon Media. Santa Barbara based Pacificor, LLC prevailed in the most recent auction and transfer of rights to the franchise in January, and retains approval and licensing authority over the proposed "Terminator 3000" project.
Hannover House and Red Bear Entertainment will release details of the production timing, financing and principal production personnel later this year, in advance of a proposed January, 2011 start.
SAFE HARBOR STATEMENT This press release may contain certain forward-looking statements within the meaning of Sections 27A & 21E of the amended Securities and Exchange Acts of 1933-34, which are intended to be covered by the safe harbors created thereby. Although the company believes that the assumptions underlying the forward-looking statements contained herein are reasonable, there can be no assurance that these statements included in this press release will prove accurate.
For more information contact:
Susannah Patton
Director of Marketing & Publicity
479-751-4500
Email: Susannah@HannoverHouse.com
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