Hannover House Inc. (OTC:HHSE) Stock Picks Up Momentum After a Key Update
Investors who are interested in the entertainment sector currently have a lot of options, and one of those is Hannover House Inc. (OTC:HHSE). The company was actually in the news cycle this past Friday, and that might bring it into focus this morning among investors. It could be a good idea to take a look into it before the start of the trading day.
The company announced on Friday that it had finalized an agreement to place ten films from its library on ROKU. The films would be made available in the United Kingdom and Ireland. The 10-film deal with ROKU had been put into motion during the course of the Cannes market this past May. Last week, the deal was eventually closed. Some of the titles that would be released under the agreement include ‘Samurai: The Lone Warrior’, ‘Savage Land, and ‘Future Shock’. Additionally, the company also revealed that ROKU had also been looking into its library and considering more than a hundred titles for licensing for the two markets in the future.
The President of the MyFlix business division at Hannover House, Desiree Garnier, spoke about the development as well. She noted that it was a significant development for the company’s shareholders and suppliers. She went on to add that, due to the explosion of video on demand platforms, the considerable library at Hannover House would be monetized with greater efforts through licensing rights as well as sales.
The company noted in its press release that it had a total of more than 400 films in its library, which are available for sales and distribution rights. The licensing grants are mainly restricted to the North American market. That being said, the original productions from Hannover House and some of the third-party licensed titles include both sales rights and international distribution.
On September 15, the company entered the news cycle after a development pertaining to InteliMation AI, a newly formed business division. It was announced that the division had managed to secure a private investment commitment to produce the first artificial intelligence and CGI film in the world. The film, which would appeal to the family, titled ‘Journey to Utopia’ would feature a range of voice actors from among box office mega stars and former Academy Award winners.
It was further announced that the visuals of the film would be generated entirely through the use of advanced artificial intelligence vision rendering. It would also be based on scene structure input and character designs, which would be supplied by the producer. Eric Parkinson, the director of the film, announced that the company was looking to rope in actors like Fores Whitaker, Kim Basinger, and Shirley Maclaine to voice the characters in the film. Parkinson, who is also the Chief Executive Officer of Hannover House, noted that the company had been working on the production of the film for the past decade or so. However, the demands of such a project were financially prohibitive.
