Crimson Forest, Hannover House to Merge
Feature film production company Crimson Forest Entertainment Group and specialty theatrical and home video distributor Hannover House have confirmed plans to merge operations under a stock-swap and financing plan, scheduled to be effective May 1. One of the first new titles to be released under the combined Crimson Forest – Hannover House structure is the $20-million dollar action thriller feature Shockwave starring Andy Lau and Jiang Wu. The film will be co-released together with CMC Pictures in North America next month.