Rentrak's AMI Arm Reports 17% Rise in Revenue

In the US, multi-screen measurement firm Rentrak has reported a 17% rise in revenue for its AMI (advanced media information) division to $9.3m for the three months to the end of September. Group revenue dropped 9% to $21.9m during the period.

AMI - which now represent 42% of Rentrak's consolidated revenues, up from 33% last year - comprises TV Essentials where sales increased 63% to $2m; Box Office Essentials where revenue rose 17% to $5.2m; and OnDemand Essentials where revenues declined 9% to $2.1m.

Revenue in the firm's Home Entertainment Services arm also dropped 22% to $12.6m, with a 13% decline in the number of retail customers and a 20% decline in the number of theatrical rental titles made available during the quarter compared with last year.

CEO Bill Livek commented: 'I am very proud of the product and sales progress we've made in our information businesses this quarter. The growth trajectory in our television business is accelerating as we attract new local stations, TV networks and advertising agency clients, while continuously building a strong pipeline of new clients.'

Web site: www.rentrak.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.

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