The worldwide entertainment industry is in a unique position now as it continues to grow due to the plethora of possibilities that exist now. Considering the fact that it is a growing sector it is also a good time for investors to consider looking into stocks from the sector which may end up delivering long-term value and the Hannover House Inc (OTCMKTS:HHSE) stock could well be one of those.
The company is an operator in the entertainment industry and not too long ago, Hannover House came into focus among investors after it announced that it had embarked on a whole new business model. It may be a good idea for investors to consider taking a closer look at it.
Up until now, the company had been involved in the distribution of content from third-party producers by way of DVDs and other formats. However, the company announced that it had embarked on a two-tier business model that was going to focus on two main aspects. One of those is its streaming service MyFlix, which is going to propel Hannover House into the revenues sharing streaming service space in which the company is going to share revenues with a range of operators.
On the other hand, Hannover House is also going to get into producing original content. That is going to allow the company to own and earn revenues from its own production without having to share the revenues with other parties. Both of those moves could potentially Hannover House into a strong position in the growing entertainment streaming industry and that is something that investors could do well to keep an eye on over the coming weeks. At this point in time, it may be a good idea to add the stock to your watch lists.