"Girlfriend" and "Hero" Lead New Acquisitions for Hannover House
06 Ottobre 2010 - 7:45PM
Marketwired
The Toronto Film Festival buzz-title "Girlfriend" and a Spring 2011
family production have been added to the film release roster of
Hannover House, the entertainment division of Target Development
Group, Inc., (PINKSHEETS: TDGI). "Girlfriend" will be launched in
theaters in New York and Los Angeles in December, as a qualifying
condition for 2010 awards consideration, with a theatrical release
expansion planned for late January 2011.
Produced by Beverly Hills-based Wayne/Lauren Film Company in
association with PatchMo Entertainment, "Girlfriend" introduces
Evan Sneider, the first actor with Down syndrome to be cast as a
leading man in an American film. Sneider's star-making performance
is supported by Amanda Plummer ("Pulp Fiction"), Jackson Rathbone
(the "Twilight" saga) and Shannon Woodward (from the acclaimed new
Fox TV comedy "Raising Hope") in the title role. "Girlfriend" was
written and directed by Justin Lerner.
"Daddy's Little Hero" is a live-action, family-appeal feature
which commences production in April 2011 under the helm of director
Andrew Parke. Based on a story by Joseph A. Schilling, the PG-level
adventure features a nine-year-old boy whose heroic actions save
the family farm and the lives of dozens of rural neighbors.
Financing for the film is being provided through SGP Ventures, LLC,
with Hannover House handling worldwide distribution, sales and
licensing. Casting is underway, and is expected to draw several
high-profile stars in key roles.
"As Hannover House expands our distribution to include
international sales and licensing, our early attachment and
acquisition of new productions will fuel our new foreign
activities," said Eric Parkinson, C.E.O. of Hannover House and
Target Development Group, Inc. "We will continue to acquire North
American rights to completed films as our primary and core film
distribution business. But for privately funded new productions, we
are more willing to attach the company at a pre-production stage in
order to also secure the international rights."
Hannover House also announced that a revision and update of the
company's film library valuation report had commenced, in order to
accommodate both the rise in Blu-Ray and Video-On-Demand revenues,
as well as to adjust the company's prior forecasts for DVD revenues
in a declining retail market. A current and independently reviewed
library valuation report is a requirement for completion of the
company's audit activities underway with Hogan-Taylor, covering
2008 and 2009, with a review for the first three quarters of
2010.
"Our film library is by far the highest value asset on the
company's balance sheet," said Parkinson. "We agree that a current
valuation that considers Blu-Ray and V.O.D. revenues is a necessary
item for a proper audit and filing, and we are taking the steps to
expedite the fulfillment of this request."
For more information on Hannover House contact: LAUREN
STERLING or ERIC PARKINSON Hannover House 479-751-4500 /
818-481-5277 Lauren@HannoverHouse.com HannoverHouse@aol.com
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