Robust Acquisitions Market at Cannes Leads to Bountiful Success for Hannover House

Hannover House, Inc. (OTC: HHSE) and its affiliated companies Medallion Releasing, Inc. and VODWIZ, Inc. scored a record bounty of new title acquisitions for the North American market at the recently concluded Cannes Film Festival and Marche du Film in France.  For the company’s rapidly expanding slate of high-end theatrical titles, Hannover House acquired four new features for 2015, the first of which will be formally announced today in a free-standing press release.  For the home video packaged goods activities (DVD and BluRay distribution) a total of thirty-five new titles were licensed; and for the growing Video-On-Demand library under the VODWIZ streaming channel, 408 new titles from a total of 8 new supplier studios were brought on board. 

"The response from distributors, sales agencies and licensors far exceeded our most optimistic projections," said Fred Shefte, President.  "Our goal was to promote the forthcoming launch of the VODWIZ portal to international rights owners. While that goal was achieved and exceeded, we also ended up licensing a record number of highly commercial titles for home video and theatrical.  With out a doubt, the Cannes market this year has generated the greatest results in the company's 21-year history at any and all film markets," he concluded.

The Hannover House theatrical schedule for 2015 includes four previously announced titles for this summer and four additional, unannounced titles for Q3 and Q4.  However, the new Cannes acquisitions will add four more new titles into the 2015 schedule, including at least one title for wide theatrical release.  For the home video schedule, 35 new titles acquired for Hannover House and Medallion will be incorporated into the company's existing video release schedule, with a majority of the new Cannes direct-to-video titles expected for actual on-sale release during Q1 of 2016.  The 400+ new titles that were acquired for VODWIZ are already in the process of on-boarding / uploading to the streaming-portal's massive film library, with at least 100 of them expected for the on-line initial launch of the consumer site later this summer.  At present, the VODWIZ portal exists solely as a placeholder website, with only 60 titles posted on-line and limited consumer awareness.  The activation of the mirror-consumer site for VODWIZ will occur within the next few weeks, and is expected to have more than 500 titles immediately "live" for consumers to stream upon first launch.  By the end of 2015, VODWIZ hopes to have more than 2,500 titles from a total of more than 18 supplier studios on-line for viewing.  In total, including the newly licensed titles from Cannes, the VODWIZ venture now has access to over 3,300 titles.  Five additional suppliers - collectively controlling the streaming rights to more than 4,000 additional feature films or television programs - have expressed interest in joining the VODWIZ supplier community, but are waiting for the consumer site to be activated first.  The VODWIZ portal is being described as "the Netflix of Independent Studios" although several major studios are in talks to place programming onto the VODWIZ streaming site in additional to support from the major independent studios and distributors.

In accordance with the agreements for the higher-end theatrical titles acquired at Cannes, each of these new features will be announced through stand-alone press releases, the first of which is slated for Friday, June 12.

Key theatre chains in the United States and Canada that exhibit feature films from Hannover House include (listed alphabetically):  AMC Theatres, Bow Tie Cinemas, Carmike, Cinemark-Century, Cineplex-Odeon, Harkins, Malco, Marcus, Metropolitan, National Amusements, Pacific Theatres, Regal Entertainment Group, Santikos and Wehrenberg Theatres,

Key mass merchant s and home video purchasers of products from Hannover House and Medallion Releasing include (listed alphabetically):  AAFES, Barnes & Noble, Best Buy, Eurpac, Family Video, Hastings, Netflix, Redbox, Target Stores and Walmart-Sams Clubs.

Hannover House, Inc. was formed in1993 as a book publisher, and expanded into films and DVD in 2002.  The Company has grown into an internationally recognized publishing brand and film distribution house, with successful release activities into the theatrical, home video, television, streaming and international markets, along with its ongoing activities in book publishing. 

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