Greetings Friends & Followers of Hannover House (OTC: HHSE). As we enter this last day of the calendar quarter, HHSE management is giving thanks for the opportunity we have been given to build and transform the Company in this evolving world marketplace.
The company's struggle as an "independent film distributor" has generated only inconsistent results, with ever diminishing consumer demand for physical DVD units in the face of "better values" being offered from digital streaming services. We have fought valiantly - trying different marketing strategies, and expanding into theatrical releases in the hopes of capturing those prior sales achievements that were obtained in prior years. But alas, consumers and audiences have grown demanding and tight. The proliferation of the Internet has provided an instantaneous means of "sinking" indie films - even though most indie releases are not intended for mainstream audiences - and this has further exacerbated the decline of the indie film community.
So, what is the solution to building HHSE into a successful media company? With each passing day, we grow more convinced that the MYFLIX streaming venture - combining over 12,000 titles from 45+ separate suppliers (including three major studios!) - is the solution to monetizing entertainment in today's digital and "instant gratification for cheap" marketplace.
In the past few weeks, both WALMART and APPLE have announced their intention to embrace the digital streaming industries... both with business plans complementary to, and not directly competitive with MYFLIX. The world's largest companies are NOW recognizing what we identified 5-years ago?
This is why we feel that we are at THE RIGHT PLACE, AT THE RIGHT TIME.
Yes, there will be some cleaning-up remaining from the prior business plan. Some releases that did not perform under these new market conditions can result in the producers "blaming the distributor" for poor market conditions... when in reality, it's just the nature of where indie films are at this moment in time. These old remnants of a prior business plan are being addressed and resolved - so that they do not pose an unreasonable burden or obstacle to the progress of the new business model.
So, for the support we have received from our shareholders these past 25-years.... and for the exciting new opportunity that MYFLIX now represents.... we offer our sincerest thanks and gratitued to our loyal supporters.
-- FRED SHEFTE / ERIC PARKINSON
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Welcome to the Hannover House Investor Relations Blog
Friday, March 29, 2019
Friday, March 15, 2019
BOOM~! MyFlix signs up TWO NEW MAJOR supplier studios!
Greetings HHSE Friends & Followers: There is a business philosophy that "momentum creates momentum," and this week's MyFlix development definitely supports that thesis.
One of the existing MyFlix supplier studios talked-up the venture to two other major suppliers that we had been hoping (and trying) to bring aboard. As a result, we now have two new suppliers: one with 410 existing and fully mastered titles for streaming, and the other with a whopping 1,840 fully mastered titles (including 1,200 titles produced & released within the last five years, and 75 titles with more than 100-locations of theatrical release exposure!). It's getting hard to state the exact count now of available programming for the MyFlix launch - but these two new supplier studios definitely put the inventory at more than 12,000 titles... and the ready-for-initial-launch count at north of 5,000 titles.
The concept of a ONE-STOP DIGITAL SUPERSTORE is gaining traction within the industry as "brand-specific" sites have limited choice and rapid viewer burnout. MyFlix is looking to be the future locomotive for Hannover House as we lead the edge of new media distribution!
Stay Tuned!
One of the existing MyFlix supplier studios talked-up the venture to two other major suppliers that we had been hoping (and trying) to bring aboard. As a result, we now have two new suppliers: one with 410 existing and fully mastered titles for streaming, and the other with a whopping 1,840 fully mastered titles (including 1,200 titles produced & released within the last five years, and 75 titles with more than 100-locations of theatrical release exposure!). It's getting hard to state the exact count now of available programming for the MyFlix launch - but these two new supplier studios definitely put the inventory at more than 12,000 titles... and the ready-for-initial-launch count at north of 5,000 titles.
The concept of a ONE-STOP DIGITAL SUPERSTORE is gaining traction within the industry as "brand-specific" sites have limited choice and rapid viewer burnout. MyFlix is looking to be the future locomotive for Hannover House as we lead the edge of new media distribution!
Stay Tuned!
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