Good morning HHSE friends - crazy busy (but a "good" busy) here... unfortunately, it's meant that our follow-up blog to yesterday's items covering the successful activities from the NEW YORK MEETINGS has not yet been completed and reviewed by third-parties involved with some of the items. However, here are some quickie updates that do not need further polish for immediate release:
a). Collateral Financing of Theatrical Productions;
HHSE HAS AVAILABLE NEW CREDIT LINES SPECIFICALLY FOR THE FUNDING OF THEATRICAL-LEVEL PRODUCTIONS. THIS IS AN IMPORTANT STEP TOWARDS "BANKING" THE PRE-SALES AND CO-PRODUCTIONS RECEIVED FOR "MOTHER GOOSE" AS WELL AS TO PROVIDE A MECHANISM FOR THE COMPANY TO HELP FINANCE OTHER PRODUCTIONS THAT WILL HAVE MATERIAL VALUE TO HHSE. DETAILS WILL BE RELEASED AS PER THE TIMING AND APPROVALS OF THE THIRD PARTY FUNDING PARTNERS.
b). Dissolution of TCA Venture, in order to bring in greater funds under better terms;
HHSE HAS MADE AN AGREEMENT TO DISSOLVE THE PRIOR CREDIT FACILITY WITH TCA. THIS IS A REQUIRED STEP IN ORDER TO BRING IN A SEPARATE "ACCOUNTS-RECEIVABLE" BASED FACILITY (WHICH IS SEPARATE VENTURE FROM THE CREDIT FACILITIES THAT WILL BE UTILIZED TO CASH-FLOW PRE-SALES AND TAX BENEFITS FOR THEATRICAL LEVEL PRODUCTIONS).
c). New Title Acquisitions (multi-title libraries);
HHSE AND MEDALLION RELEASING HAVE MADE SEVERAL HIGH-PROFILE "LIBRARY" REPRESENTATION DEALS FOR PACKAGED GOODS DISTRIBUTION (DVDS / BLU-RAYS) AS WELL AS FOR V.O.D. EACH OF THESE WILL BE INDIVIDUALLY P.R.'D. ADDITIONALLY, SEVERAL "MATERIAL-LEVEL" TITLE ACQUISITIONS THAT WERE INITIATED AT CANNES CONTINUE TO PROGRESS FORWARD BUT ARE NOT YET READY FOR ANNOUNCEMENT.
d). National Media / PR;
NEW YORK-BASED P.R. FIRMS THAT WILL HELP WITH BOTH "TITLE RELEASE MARKETING" (FILM & CONSUMER) AS WELL AS "INVESTOR RELATIONS MARKETING (STOCK & INVESTOR) WERE MET WITH IN NYC AND WILL BE ADDED SOON TO THE HHSE TEAM.
More to follow...