Business
Hannover House Announces WHAM Studio Rentals – A Full-Service Provider to the Motion Picture Industry
Hannover House Announces WHAM Studio Rentals – A Full-Service Provider to the Motion Picture Industry.
About this update from Hannover House, Inc.
[{"type":"text","content":"Hannover House, Inc. (OTC: HHSE) has entered into a private investment venture to purchase movie specialty trailers, trucks and equipment to support the company’s expanded activities as a feature production company. The equipment will be housed in a newly constructed facility consisting of 3,600 square feet of office and production space, along with a 4,200 square foot grand room that will serve a dual purpose as a large storage garage for the vehicles as well as functioning as a production stage when needed. Pending finalization of the site and necessary permits, the company plans to commence construction in December with full operations ready by April, 2024.\"As we have experienced with our current 'WILDFIRE' production, there is a significant world market for quality feature films, and a predictable profit margin if they can be produced efficiently,\" said Eric Parkinson, C.E.O. of Hannover House. \"One of the recurring problems we have encountered in the past few years is the near-absence of specialty movie trailers and professional production gear for rental in this part of the country. This new venture is a strategic move to help reduce costs of future Hannover House and MyFlix productions, while also creating a rental business opportunity to service other productions in the Arkansas, Oklahoma and Missouri markets.\"The Hannover House movie equipment rental business will be branded as \"WHAM Rentals\", an abbreviation of the phrase \"We Have All Media.\" In addition to cameras, sound equipment and lighting gear, the biggest ticket items for the venture are the movie specialty trailers: an 8-unit \"SAG Honey Wagon\" for actors; a 3-unit \"Luxury Star Wagon\" and a 7-bay \"Hair & Make-Up\" trailer. The company is also looking at the possibility of purchasing a \"Lunch-Box\" Production Trailer and a separate four-room restroom trailer.\"Based on our own, internal Hannover House facilitated productions for 2024, all of this equipment will be paid off within a year,\" said Parkinson. \"Additionally, as we anticipate nearly 24 weeks per year of down-time, the items can be rented to third party productions when we are not utilizing them, as an income source for HHSE and our private investors in WHAM,\" he concluded.Full details of the financing structure and income forecasts for Hannover House will be included wit...