Full-service media company Hannover House started out in 1993 with its sole focus on the literary and book publishing industry. The company moved into the DVD marketplace in 2003, and the sky seems to be the limit today as Hannover House continues its success in those areas, accelerates its foray into major theatrical releases, and also embarks on some exciting new ventures.
Earlier this month, Hannover House was chosen as a “hot growth” stock by Vancouver-based stock analysis and promotions site Hotstoqx.com. Due to Hannover House’s growth in its core home video business, as well as new technology activities that could considerably increase the company’s revenue and profits, Hotstoqx has labeled this media company as one for investors to watch in the coming months.
Since its establishment in 1993, Hannover House has blossomed into an independent distributor of feature film, television programs, home video products, and emerging digital entertainment platforms. With more than 70 DVD titles in active distribution, the company has become a leader in independent DVD distribution, with powerhouse retailers like Barnes & Noble, Best Buy, and Borders Group carrying its products, along with all major Internet retailers and thousands of independently owned and operated video and book stores.
This year, Hannover House is on track to realize a 100 percent increase in revenues over 2012 – and this projection doesn’t factor in revenues from the company’s new video-on-demand Web site and its recently announced IPTV channel venture with NanoTech Entertainment, which some analysts are predicting could generate more than $50 million in gross revenues during its first year.
Called “VODwiz,” which stands for video-on-demand wizard, this new digital venture will allow consumers to choose from more than 2,500 independent film titles for instant streaming to their televisions, computers of Wi-Fi-enabled mobile devices. VODwiz has the potential to become the go-to destination for independent film, as major VOD players like Netflix, iTunes, VUDU, and Hulu only offer a handful of independent film titles for their viewers.
Hannover House’s core business continues to be the distribution of films on DVD and Blu-ray, with 90 percent of the company’s revenues from consumer products coming through Walmart stores, Redbox, Netflix, and Best Buy. The company also continues to profitably publish new release fiction and nonfiction books in both print and e-book editions, and Hannover House now additionally releases films to theaters through all major exhibition chains, including Regal, AMC, and Cinemark.
This year holds some exciting developments in the company’s theatrical release endeavors, including one major theatrical title – to be released in December – that will be eligible for Academy Award consideration and will be promoted through a press campaign featuring the films two Oscar-winning stars. Production will commence this year for “Mother Goose” (a.k.a. “Utopia”), a $12 million live action fantasy feature starring Shirley MacLaine and Samuel L. Jackson that is slated for theatrical release in 2014. Two additional original film productions, “Mothman Chronicles” and “Shadow Vision,” are being privately financed and are also slated for 2014 release.
Hannover House’s intellectual property and film library, containing more than 200 titles, has been valued at more than $23 million. As the company continues to grow, embark on new ventures and develop existing ones, it certainly seems that 2013 and 2014 will be “hot” years for the company.
For more information about Hannover House, visit www.hannoverhouse.com
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