Hannover House, Inc. (HHSE), NanoTech Entertainment, Inc. (NTEK) Joint Venture Spots Revenue Generating VOD Opportunity
In the last 20 years, Hannover House has transitioned from a boutique book publisher into a full-service media company, becoming the first studio distributor with a dedicated Roku-enabled IPTV site, leveraging strategic partnerships in its path to continued growth and opportunity.
The company is currently focused on a joint-venture (JV) project with NanoTech Entertainment to commercialize the VODwiz, a pay-per-video/video-on-demand (VOD) portal, for which the JV has deployed a beta-launch in preparation for its upcoming consumer roll-out.
NTEK is a technology company is engaged in all aspects of the entertainment industry, operating through three business units focused on gaming, media & IPTV, and mobile apps, complementary to HHSE’s consolidated offering of film, television, and video programming. The JV leverages both companies’ expertise to design and launch the VODwiz Web site (www.VODwiz.com) and IPTV channel designed as a destination site that provides consumers with the ability stream thousands of independent films and major studio titles directly into their home televisions, computers, over the Internet, or mobile device.
Throughout upcoming weeks and months the JV anticipates adding titles from more than a dozen studio labels to reach a short-term goal of at least 2,000 titles for streaming. The long-term goal is to establish VODwiz as a destination for all mainstream and independent programming, offering an alternative to existing VOD sites such as Netflix and iTunes, which have a limited selection of titles.
The revenue model is to price most programming between $0.99 and $2.99, with higher pricing for special events and select major studio titles.
“Hannover managers feel that the VODwiz venture offer presents a major revenue opportunity for the company based on industry data for existing Video-On-Demand sites and the strong support that the VODwiz concept has received from the independent film distribution community,” HHSE CEO Eric Parkinson and President Fred Shefte stated in a recent business overview. “Delivery of films to consumers via Video-On-Demand methods enables Hannover House to avoid the costs of manufacturing, shipping and storing of videos, and also results in a near-instantaneous payment transaction.”
Let us hear your thoughts: NanoTech Entertainment, Inc. Message Board