Business
Hannover House and Medallion Catalog Sales to Benefit from Newly Added, In-House DVD and BluRay Manufacturing Capability
Hannover House and Medallion Catalog Sales to Benefit from Newly Added, In-House DVD and BluRay Manufacturing Capability.
About this update from Hannover House, Inc.
[{"type":"text","content":"Hannover House, Inc. (OTC: HHSE), a leading U.S.A. producer and distributor of independent films, books and entertainment products, is taking a bold step forward in the company's development with the addition of in-house DVD and BluRay manufacturing equipment. The new video production line is designed specifically to service the company's rapidly growing catalog of DVD and BluRay titles, with the higher-volume, new release manufacturing duties still expected to be handled by larger manufacturing facilities. \n \nAt present, Hannover House and Medallion Releasing titles are being manufactured by CD Video in Santa Ana, CA, Encore Media Services in Valencia, CA, and SONY DADC in Bolingbrook, IL. The addition of in-house DVD and BluRay manufacturing capability at Hannover's primary offices in Springdale, AR, will enable the company to manufacture catalog and deep list titles on an as-needed basis, and is expected to improve the company's turn-around time, margins and placement rates.\n \n\"As our catalog has grown to over 300 titles, the need for quick turn-around on short-run video orders has grown exponentially,\" said Fred Shefte, President. \"The major replication houses prefer to focus on larger orders of 20,000 or more units at a time, which is great for our frontline releases, but it does not work for older, backlist titles. Rather than over-order on catalog inventory - and tie-up our working capital for a long period of time – this new in-house replication equipment will enable us to profitably and quickly manufacture to order on an as needed basis. We believe that this will free-up cash flow, improve our order fulfillment times, cut down on freight and ultimately become a revenue source as we make this short-run replication service available to the Medallion Releasing supplier labels,\" he concluded.\n \nHannover House and Medallion Releasing supplier labels have released 38 titles already during the first half of 2015, and are expected to collectively exceed 90 titles by year's end. This volume of new releases and catalog promotions represents a massive increase over 2013 and 2014, which each saw less than eight new release titles from Hannover House. The enhanced release slate is being managed by HHSE / Medallion V.P. of Sales, Tom Sims, and Director of Sales ...