SOURCE: Target Development Group Inc.

September 24, 2010 13:01 ET

Hannover Pacts With Starz for "Twelve" and "Racing Dreams"

NEW YORK, NY--(Marketwire - September 24, 2010) -  Hannover House, the entertainment division of Target Development Group, Inc., (PINKSHEETS: TDGI) has licensed two of its current theatrical release titles to Starz for cable television release in 2011.

"Racing Dreams," which launched to theaters May 21 and is still in limited release, will become eligible for cablecast through Starz in March, 2011. The acclaimed documentary will hit video store shelves next Tuesday, Sept. 28, including a major in-store monitors promotion with Best Buy locations nationwide. "Racing Dreams" was produced by Jack Turner and Dwayne Johnson, and directed by Academy Award nominee Marshall Curry. The film has played theatrically in over 25 USA markets, including New York, Los Angeles and Chicago, and is "the year's best reviewed film" according to the consolidated major reviews on

"Twelve" is the controversial teen-thriller from legendary director Joel Schumacher that opened at theaters nationwide August 6. Under the agreement, the film will become eligible for cablecast through Starz in July, 2011. "Twelve" stars Chace Crawford, Emma Roberts, Curtis '50-Cent' Jackson and Rory Culkin, with an especially notable performance from newcomer Emily Meade. "Twelve" will be released to the home video and video-on-demand markets in January, 2011, by 20th Century Fox Home Entertainment.

"We are very excited to begin a new relationship with Starz for the cable television distribution of these theatrical titles, and look forward to licensing additional films to them in the near future," said Fred Shefte, President of Hannover House and Target Development Group, Inc. "Our agreement with Starz is non-exclusive, and leaves open the prospect of licensing these titles to Showtime, HBO or other television licensors, which we find beneficial to our corporate goals."

ABOUT STARZ: Starz Entertainment, LLC, is a premium movie and original programming entertainment service provider operating in the United States. The company offers 16 premium channels, including the flagship Starz® and Encore® brands, with approximately 17.3 million and 31.9 million subscribers respectively. Starz Entertainment airs in total more than 1,000 movies and original series every month across its pay TV channels. Starz Entertainment is recognized as a pay TV leader in providing HD, On Demand, HD On Demand and online advanced services for its Starz, Encore and MoviePlex brands. Starz Entertainment ( is an operating unit of Starz, LLC, which is a controlled subsidiary of Liberty Media Corporation and is attributed to the Liberty Starz tracking stock group.

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