Hannover House Joins with Odyssey Pictures in Multi-Picture Distribution Pact
"11/26/2013 [ACCESSWIRE]
(Dallas, TX ) //Accesswire// - Hannover House, Inc. (OTC: HHSE) has entered into a multi-title distribution pact with Odyssey Pictures which will cover the domestic and worldwide distribution of feature film and video titles from both companies. Hannover House, a well-established indie distributor for the home video and video-on-demand markets will be handling North American sales of pictures from Odyssey. Conversely, titles in the Hannover House library requiring sales and licensing to the foreign markets will be handled by Odyssey – a long-established and respected distributor of international media rights.
"This is a win-win for both companies," said Eric Parkinson, C.E.O. of Hannover House. "Odyssey has the relationships and infrastructure to sell the Hannover House titles to the international market. Hannover House has the customer base and capacity to handle new releases from Odyssey for North America, as well as re-issued titles from the impressive Odyssey catalog. We view this as a multi-million dollar sales pact that will have significant impact to each of our revenues."
In addition to the current distribution pact, Hannover House and Odyssey will be working together to develop higher-end features that will also be jointly distributed.
Odyssey Pictures has been active in film production and international sales since 1989, when the company was first launched by executive Patrick Wachsberger (now co-chairman of Lionsgate). Under the direction of C.E.O. John Foster, Odyssey has built on the company’s international sales foundation by adding a slate of media-financing services. Hannover House has been looking for means to expand its release slate of DVD, Blu-Ray and Video-on-Demand releases for the USA and Canadian markets, and will be accessing properties from the Odyssey Catalog. Hannover House also owns the worldwide rights to over a dozen properties that will be marketed by Odyssey under the new distribution pact.
"Hannover House has been looking for ways to market our titles internationally, as well as to expand our home video release slate," said Fred Shefte. "Working together with Odyssey is a beneficial structure for both companies to grow our revenues together. Additionally, the access to capital that Odyssey brings will help take Hannover development projects to the next level."
The first titles from the Odyssey catalog to hit the Hannover House release slate will be seen in April, 2014; the first Hannover House titles to be presented internationally by Odyssey will also occur in April, at the MIPCOM market in Cannes, France. Specific title listings and release schedules will be posted on the websites for each company within thirty days of the agreement." ...(more)
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Jim
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