| |
AIM Division Now Bulk of Rentrak
Rentrak's rapidly rising Advanced Media and Information business (AIM) now accounts for the majority of its business. AIM grew revenues 31% in the latest quarter while the firm's Home Entertainment division continued its decline, down 17%.
 For the first quarter of fiscal 2013 - the period ended June 30, 2012 - Rentrak saw consolidated revenue increase to $23.2m from $22.4m in the prior year period. AMI revenue was $12.6m, up from $9.6m, and the division's share of consolidated revenue is now 54%, up from 43% last year.
Revenue in the company's Home Entertainment business was down to $10.6m from $12.8m, reflecting lower sales levels at its retail store customers with fewer stores and increased competition from alternative distribution channels. The latest decline also reflects Warner Brothers' decision to release its video content in the retail channel before offering it to the rental market, the firm said.
CEO Bill Livek (pictured) comments: 'In a nutshell, our measurement businesses, Movies and TV Everywhere, are performing very well. Revenue from our TV Essentials business more than doubled compared with last year. Our video-on-demand business, which is included in OnDemand Everywhere, grew at a healthy 11% in the quarter. Our current TV revenue run rate growth of 145% to date, versus last year's first quarter, confirms that our customers see great value in our census-based measurement services which help them manage and grow their businesses.'
Rentrak's global box office business was up 19% and the firm has extended its International Box Office Essentials service to six new countries: Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, and Panama.
Web site: www.rentrak.com .
|
