Business
DVD Placements Set Stage for Record Q2 Video Sales at Hannover House
DVD Placements Set Stage for Record Q2 Video Sales at Hannover House.
About this update from Hannover House, Inc.
[{"type":"text","content":"DVD shipments were completed today on an impressive June release slate that will see more than ten titles from Hannover House, Inc. (OTC: HHSE) on sale simultaneously at the nation's top mass merchants and video retailers. The placement success is unprecedented for any independent studio, and sets the stage for a record level of DVD revenues for the growing family of labels under Hannover House and its affiliated Medallion Releasing venture. Sales revenues for the company have been growing rapidly with the enhanced release schedule, which has already seen 32 titles shipped in 2015, with over 90 titles slated for 2015.\n \nKey titles now being set at retail for current summer placements feature a mix of new releases and catalog best-sellers held over for summer modulars, including: American Justice, Antonio Aguilar Colecion, Asalto Al Cine, Brutal Colors, Estrenos De Accion, Estrenos Divertidos, Gabrielle, Grand Champion, Lazarus Papers, Love Beat the Hell Outta Me and On Angel's Wings. Hannover House and Medallion Releasing also have impressive line-ups of title commitments for September, October and November placement, including four summer theatrical releases and more than a dozen direct-to-video titles. Key accounts selling the Hannover and Medallion summer slate include Walmart, Best Buy and Family Video.\n \n\"Hannover House and our Medallion supplier studios remain committed to the packaged goods segment of the entertainment industry,\" said Eric Parkinson, C.E.O. \"While the initial launch of video-on-demand streaming services several years ago resulted in a decline in overall DVD and BluRay sales for most studios, industry-wide revenues have since stabilized and many key accounts are now reporting increases in packaged goods sales. We have positioned the company to maximize sales opportunities in the packaged goods side, while developing other media outlets, including theatrical, international, television and other forms of video-on-demand. Our Q2 sales success with these DVD releases represents a new quarterly sales record for the company in that format, and is further evidence of the viability of our strategic plan,\" he concluded.\n \nPro-forma revenues for the quarter will be released shortly after the close of the current period, ending June 30, 2015; however, the c...