Hannover House, Inc. announced revenue results for the first quarter ended March 31, 2015. For the quarter, the company reported that revenues for the first quarter ended March 31, 2015 increased by approximately 132% and that profits grew by 170% over the same quarterly period last year. Gross Revenues for the first three months of 2015 were $1,732,208, which the company elected to lower through the application of a returns reserve and a larger hold-back for contingent liabilities.

Adjusted revenues were $1,397,997 with $501,203 recorded as earnings after further deductions for deferred income taxes were applied. The company attributed the increase in revenues and profits to the launch of the new Medallion Releasing multi-studio sales venture, which combines titles from five supplier studios to increase the profile and quantity of new release titles for Hannover House.