SOURCE: Target Development Group, Inc.

February 08, 2010 12:45 ET

Target Division Hannover House Pacts With YouTube for Video Streaming

Agreement With Google Establishes Hannover V.O.D. Channel

SPRINGDALE, AR--(Marketwire - February 8, 2010) - Hannover House, the film and video distribution division of Target Development Group, Inc. (PINKSHEETS: TDGI) (Other:,, has entered into an agreement with Google to establish a video rental and video-on-demand channel for Hannover House movies through YouTube, reports Eric Parkinson, C.E.O of Target and Hannover House. The venture will launch this week and will initially cover more than 100 films in the Hannover House libraries, including titles from Elite Entertainment, FOCUSFilms, Plaza Entertainment and Hannover House.

"YouTube and Google are uniquely positioned to reinvent the entire video-on-demand consumer model," said Parkinson. "Their reach is unsurpassed, and their consumer pricing model is extremely competitive, in many cases beating traditional video rental costs. With more and more consumers moving toward video-on-demand as a convenient way to view movies, the Hannover House movie channel venture with YouTube will prove invaluable to our company."

"We believe that video-on-demand will continue to grow over the next few years into a major revenue source for the company," Parkinson concluded. "The technology has reached the point where films can be quickly and safely streamed directly to consumers, and this creates an immediacy not previously available. Additionally, video-on-demand eliminates the inventory, freight and storage costs associated with hard goods items such as DVDs and Blu-ray units."

Hannover House is a full service entertainment and media company, established in 1993. In 2002, the company added DVDs to its core business as a book publisher and expanded again last year to handle theatrical releases. The company plans to release 36 titles during 2010 to supplement the existing catalog of more than 150 titles.


This press release may contain certain forward-looking statements within the meaning of Sections 27A & 21E of the amended Securities and Exchange Acts of 1933-34, which are intended to be covered by the safe harbors created thereby. Although the company believes that the assumptions underlying the forward-looking statements contained herein are reasonable, there can be no assurance that these statements included in this press release will prove accurate.

Contact Information