AMI division drives Rentrak revenue growth
The AMI arm, home to the TV Essentials, Box Office Essentials and OnDemand Everywhere tools, saw revenue rise by 35% from $9.8m to $13.2m. However, the firm’s home entertanment division posted a “better than expected” 23% decrease in revenue from $12.1m to $9.3m.
Groupwide, total revenue was up 3% to $22.5m from $21.8m in the same period last year. Operating loss for the quarter was $18.4m, which included $16.5m in costs associated with the data sharing agreement with the Dish television network.
Bill Livek (pictured), Rentrak’s vice chair and CEO, said: “Nearly all of our businesses performed better than expected during the quarter, highlighted by national & local TV market revenue growth of 110% year-over-year. Our OnDemand Everywhere business increased in the high 20% range, while year-to-date our global box office business has risen 15%. In home entertainment, a business that generates very healthy cashflow, our rate of decline was less than anticipated despite the significant headwinds caused by a shortage of theatrical releases from the movie studios created by consumers’ focus on viewing the summer Olympics.”

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