:Rentrak
{{Short description|American measurement company}}
{{Use mdy dates|date=July 2013}}
{{Infobox company
| name = Rentrak Corporation
| logo =
| type = Subsidiary
| traded_as =
| foundation = {{Start date and age|1977}}, in Portland, Oregon, U.S.
| key_people = Bill Livek (vice{{wbr}} chairman)
| location_city = Portland, Oregon
| location_country = U.S.
| industry = Media measurement
| products = Audience measurement
| revenue = US$102.9 million (FY 2015){{cite news|url=http://investor.rentrak.com/releasedetail.cfm?ReleaseID=915120|date=May 27, 2015|work=Rentrak|title= Rentrak Reports Full Fiscal 2015 Fourth Quarter and Year-End Financial Results|access-date=July 17, 2015}}
| num_employees = 419 full-time; 113 part-time (FY 2015){{cite news|url=http://investor.rentrak.com/secfiling.cfm?filingID=800458-15-15&CIK=800458|title=Rentrak Form 10-K for the period ended March 31, 2015|work=Rentrak|access-date=July 17, 2015}}
| parent = ComScore
| owner =
| homepage = {{url|http://rentrak.com/}}
}}
Rentrak Corporation is a global media measurement and research company serving the entertainment industry.{{cite news|url=http://investor.rentrak.com/releasedetail.cfm?ReleaseID=922250|title=Rentrak Cross-Platform Entertainment Rankings - July 15, 2015|date=July 15, 2015|work=Rentrak|access-date=July 17, 2015}} Rentrak is headquartered in Portland, Oregon, US, with additional offices in the United States and around the world.{{cite news|url=http://investor.rentrak.com/secfiling.cfm?filingID=800458-15-15&CIK=800458|title= Rentrak Form 10-K for the period ended March 31, 2015|year=2015|work=Rentrak Corporation|access-date=July 17, 2015}}
In February 2016, comScore completed its acquisition of Rentrak in an all-stock deal, valued at $768 million.{{cite news|last1=Liyakasa|first1=Kelly|title=ComScore Completes $768M Merger With Rentrak In Bid For Cross-Screen Measurement|url=http://adexchanger.com/digital-tv/comscore-completes-merger-rentrak-bid-cross-screen-measurement/|access-date=7 May 2016|work=AdWeek|date=1 Feb 2016}}
Company information
Rentrak has developed metrics to be used as database currencies for the evaluation and selling of entertainment content across many platforms including box office, multi-screen television, and home video.{{cite news|url=http://www.prnewswire.com/news-releases/rentrak-announces-official-box-office-numbers-for-weekend-of-october-21-2011-132404433.html|title=Rentrak Announces Official Box Office Numbers|date=Oct 21, 2011|work=PR Newswire|access-date=November 10, 2011}} The company tracks viewing behavior from more than 35 million televisions across all 210 markets.{{cite news|url=http://www.bizjournals.com/portland/news/2011/11/01/rentrak-reelz-in-new-contract.html|title=Rentrak Reelz In New Contract|date=Nov 1, 2011|work=Portland Business Journal|access-date=November 10, 2011}} It is the only company in the industry to provide video on demand measurement, obtained from set-top box data, and is also the sole provider of real-time box office ticket sales intelligence worldwide.{{cite news|url=http://latimesblogs.latimes.com/entertainmentnewsbuzz/2009/12/rentrak-buys-nielsen-edi-consolidating-box-office-reporting-business.html|title=Rentrak Buys Nielsen EDI Consolidating Box Office Reporting Business|date=Dec 15, 2009|work=Los Angeles Times|access-date=November 10, 2011}} Rentrak publishes weekly entertainment charts ranking the top ten in box office, video on demand, DVD sales and rentals, video game sales and TV engagement.{{cite news|url=http://rentrak.com/section/corporate/press_room/weekly_top_10_charts.html?ga=boxoffice#boxoffice-head|title=Rentrak Weekly Entertainment Charts|date=Jan 11, 2012|work=Rentrak|access-date=Jan 11, 2012}}
History
Rentrak began as a nationwide video chain named National Video, which was founded and incorporated in 1977.{{cite news|url=http://www.fundinguniverse.com/company-histories/Rentrak-Corporation-company-History.html|title=Company Histories & Profiles:Rentrak|work=Funding Universe|access-date=April 9, 2012}} National Video founder Ron Berger developed what is now known as the pay-per-transaction (PPT) system, which allows studios and retailers to lease movie titles instead of purchasing them. The company went public in 1986.{{cite news|url=http://investor.rentrak.com/faq.cfm|title=Investor FAQs|work=Rentrak.com|access-date=June 27, 2013}}
In 1988, facing competition from rival Blockbuster Video, Berger sold the National Video franchise chain and renamed the company Rentrak.{{cite news|url=http://www.fundinguniverse.com/company-histories/Rentrak-Corporation-company-History.html|title=Rentrak's annual report has ups, downs|work=Funding Universe|access-date=April 9, 2011}} Ron Berger later resigned as CEO of Rentrak in 2000. Paul Rosenbaum was CEO from Sept. 2000 to June 2009, when Bill Livek was appointed CEO.{{cite news|url=https://people.forbes.com/profile/paul-a-rosenbaum/67918|archive-url=https://web.archive.org/web/20090417121915/http://people.forbes.com/profile/paul-a-rosenbaum/67918|url-status=dead|archive-date=April 17, 2009|title=Paul A. Rosenbaum|work=Forbes|access-date=April 9, 2011}} Bill Livek extended his contract, along with the company’s COO/CFO, David Chemerow, to mid-2015 in November 2011.{{cite news|url=http://www.mediapost.com/publications/article/162368/rentrak-extends-ceo-livek-through-2015.html|title=Rentrak Extends CEO Livek Through 2015|work=MediaPost|access-date=April 9, 2011}}
In December 2009, Rentrak acquired Nielsen EDI, a leader in box office measurement, for $15 million. The deal made Rentrak the sole provider of worldwide box office ticket sales information for studios and industry analysts.{{cite news|url=http://www.oregonlive.com/business/index.ssf/2010/02/portland-based_rentrak_posts_q.html|title=Portland-based Rentrak posts Q3 loss|last=Gunderson|first=Laura|date=February 8, 2010|work=The Oregonian|access-date=February 9, 2010}}{{cite news|url=http://latimesblogs.latimes.com/entertainmentnewsbuzz/2009/12/rentrak-buys-nielsen-edi-consolidating-box-office-reporting-business.html|title=Rentrak buys Nielsen EDI, consolidating box office reporting business|work=The Los Angeles Times|access-date=April 9, 2011}}
As of July 2015, more than 440 local stations from across 68 station groups use Rentrak's StationView Essentials product for daily media measurement.
Mark Cuban, Internet billionaire, owner of the NBA’s Dallas Mavericks and the HDNet networks, purchased 120,000 more Rentrak shares on August 22, 2011, and holds an 8.7 percent ownership stake in the company as of September 22, 2011. He had been accumulating Rentrak stock since 2004.{{cite news|url=http://www.bizjournals.com/portland/news/2011/09/22/mark-cuban-ups-rentrak-stakes.html|title=Mark Cuban Ups Rentrak Stakes|work=Portland Business Journal|access-date=April 9, 2011}} He sold his interest in the company in May 2015.{{Cite web|url=https://www.streetinsider.com/13Ds/Mark+Cuban+Sells+Remaining+Rentrak+%28RENT%29+Stake/10600959.html|title = Mark Cuban Sells Remaining Rentrak (RENT) Stake}}
Financial information
Total company revenue increased 32 percent to $28.5 million for the fourth quarter of fiscal 2015, up from $21.6 million for the same period last year. The company's TV Everywhere product line grew 64%, its Movies Everywhere product line improved 10% on a constant currency basis, and its OnDemand Everywhere product line grew 21%.{{cite news|url=http://investor.rentrak.com/releasedetail.cfm?ReleaseID=915120|date=May 27, 2015|work=Rentrak|title= Rentrak Reports Full Fiscal 2015 Fourth Quarter and Year-End Financial Results|access-date=July 17, 2015}}
Total company revenue for fiscal 2015 grew to $102.9 million, up 36% from $75.6 million for the previous year. The company's TV Everywhere™ product line grew 76%, its Movies Everywhere™ product line improved 13% on a constant currency basis, and its OnDemand Everywhere® product line grew 11%.{{cite news|url=http://investor.rentrak.com/releasedetail.cfm?ReleaseID=915120|date=May 27, 2015|work=Rentrak|title= Rentrak Reports Full Fiscal 2015 Fourth Quarter and Year-End Financial Results|access-date=July 17, 2015}}
See also
References
{{Reflist}}
External links
- {{Official website|http://www.rentrak.com/}}
{{ORCompanies}}
Category:Companies based in Portland, Oregon
Category:Mass media companies of the United States
Category:Mass media companies established in 1977
Category:Market research companies of the United States
Category:Companies formerly listed on the Nasdaq
Category:1977 establishments in Oregon
Category:Privately held companies based in Oregon