Hannover House, Inc Announces Unaudited Earnings Results for the First Quarter Ended March 31, 2012
May 11, 2012 at 06:49 pm EDT
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Hannover House Inc. announced unaudited earnings results for the first quarter ended March 31, 2012. For the quarter, the company reported that net income increased by more than 11% over the same period last year. Gross revenues were $603,535, with pre-tax net income of $394,410. Net income for last year's first quarter of 2011 was $353,516, on higher gross revenues of $1,412,832, primarily from home video and V.O.D. sales generated by 20th Century Fox Home Entertainment's release of the Hannover House title, Twelve. While gross revenues for Hannover House during this year's first quarter were lower, the net income to sales percentage increased by an impressive 40%, due to lowered costs of sales and marketing from a release slate more dominated by direct-to-video or limited release theatrical titles.
Hannover House, Inc. is a media production and distribution company. The Company is involved in book publishing, feature film and video production, and distribution of feature films and videos through various media platforms and territories worldwide. It publishes fiction and non-fiction books. The Companyâs media distribution includes the release of films to theaters, home video, digital streaming formats, television outlets and international licensors. The Company is also developing a digital streaming site, MyFlix, which consolidates feature films and television series programming owned by a range of studios and content owners into a single destination digital streaming site. The Companyâs subsidiaries include Medallion Releasing, Inc., which is engaged in handling non-Hannover House producer clients, and Bookworks, Inc., which is a special purpose entity utilized for book publishing activities, as well as for the purposes with the Screen Actors Guild.
HANNOVER HOUSE, INC. 
