Business
Newly Merged Hannover House – Crimson Forest Launch Aggressive Production and Theatrical Slate to Drive 2017-2018 Revenues
Newly Merged Hannover House – Crimson Forest Launch Aggressive Production and Theatrical Slate to Drive 2017-2018 Revenues.
About this update from Hannover House, Inc.
[{"type":"text","content":"The recent merger of operations for Hannover House, Inc. (OTC:\nHHSE) with Crimson Forest Entertainment Group, Inc. (OTC: CRIM) has sparked a\nsignificant increase in a wide range of activities, including new title acquisitions,\noriginal feature film productions and an enhanced releasing slate, reports\nChairman Jon Lim. The more aggressive posture for the combined companies is\nexpected to have a significant impact to the company's revenues for 2017, and\nset the stage for major growth in 2018.\n\n \n\n\"We are taking the steps and making the investment to build our\ncompany into a significant distributor for the North American market, and feel\nthat we can become the preferred home for many independent producers and\nprogram suppliers,\" said Lim. \"As the major studios move further away from\nlimited releases and specialty programming, we see a major void in the\nmarketplace that is not being addressed. Well-made independent films, with\nstrong stories, solid-casts and commercial elements are being ignored by the\nmajor studios in favor of super-hero films and bombastic tentpoles. Audiences\nwant more, as evidenced by recent Academy and Golden Globe winning independent\nfilms. We believe that the Hannover\nHouse – Crimson Forest Entertainment Group model has the opportunity to excel\nin the arena of quality films under $10-million in cost,\" he concluded.\n\n \n\nOn the feature production front, the company’s combined 2017\nslate represents an investment of nearly $20-million dollars, led by the\ncurrent action-western, \"Kung Fu Cowboys\" (directed by Jon Lim), along with \"Delirium\" (directed by Dean Jones), \"The Final Minute\" (directed by Rick\nWalker) along with three other features. Despite the company’s target to limit\nindividual production costs to under $10-million, the total production\ninvestment for additional titles set for the company's 2018 slate is already more\nthan $50-million dollars, due to the number of films set to shoot. \n\n \n\nOn the distribution side, theatrical release activities will see\na significant expansion with two titles this summer (\"Where’s The Dragon?\" and \"Blood Feast\"), each achieving nationwide breaks through Regal Entertainment\nGroup. Hannover House and Crimson Forest will be announcing title specifics in\nthe next two weeks for three more nationally-rel...