Rentrak to Add Sony Pictures Home Entertainment Product to U.S. Revenue Share Program in January 2006
Rentrak to Add Sony Pictures Home Entertainment Product to U.S. Revenue Share Program in January 2006
PORTLAND, Ore., Nov. 8 /PRNewswire-FirstCall/ -- Rentrak Corporation (NASDAQ:RENT) today announced that it has reached a revenue share agreement with Sony Pictures Home Entertainment ("SPHE") and will begin offering SPHE product to Rentrak's participating U.S. video stores beginning in January, 2006.
The revenue share agreement recognizes the successful relationship between Rentrak and SPHE that has been in operation in Canada since June of 2004 and marks the first time Rentrak has been able to offer SPHE products in the U.S. marketplace.
Under the agreement, Rentrak is authorized to offer its participating U.S. video retailers SPHE titles on a revenue share basis. This agreement does not affect any of SPHE's current direct revenue share agreements with its existing customers. Further terms of the agreement were not disclosed.
"SPHE is excited about the opportunity to expand our distribution of titles to Rentrak's customers. Based on our successful involvement with Rentrak in Canada, we look forward to the expansion of our revenue share relationship into the U.S. beginning in January," said Steve Lyons, Senior Vice President of Business Development at Sony Pictures Home Entertainment.
"We're excited to be working with Sony Pictures Home Entertainment to offer our participating U.S. retailers access to the large volume of high quality entertainment that Sony continues to deliver year after year," said Marty Graham, President of Rentrak's Pay Per Transaction Division. "Rentrak's revenue share program has a proven track record of increasing the breadth and depth of product stocked on retailers' rental shelves and we look forward to delivering this incremental benefit to Sony as a part of our expanded relationship," Mr. Graham added.
About Rentrak Corporation
Rentrak Corporation, based in Portland, Oregon, is an information management company serving clients in the media, entertainment, retail, advertising and manufacturing industries. The company's near-term focus centers on its Entertainment Essentials(TM) suite of services that is redefining media measurement in the digital broadband era. Entertainment Essentials provides customers with near-real-time, actionable insight into performance of content distributed over a wide variety of modern media technologies. Available by license or subscription, each ASP-based Entertainment Essentials application allows executives to analyze detailed industry-wide and title-specific data to make decisions that enhance the bottom line and provide competitive advantage. For further information, please visit Rentrak's corporate Web site at http://www.rentrak.com/ .
About Sony Pictures Home Entertainment
Sony Pictures Home Entertainment is a Sony Pictures Entertainment company. SPE is a subsidiary of Sony Corporation of America, (SCA), a subsidiary of Tokyo-based Sony Corporation. SPE's global operations encompass motion picture production and distribution; television production and distribution; digital content creation and distribution; worldwide channel investments; home entertainment acquisition and distribution; operation of studio facilities; development of new entertainment products, services and technologies; and distribution of filmed entertainment in 67 countries. Sony Pictures Entertainment can be found on the World Wide Web at http://www.sonypictures.com/ .
Contacts:
News Media
Rogers & Cowan Sony Pictures Home Entertainment
Sallie Olmsted/Susan Yin Fritz Friedman
310-854-8124/8145 310-244-7799
Investors
PondelWilkinson Parham
Ron Parham
503-297-0202
Source: Rentrak Corporation
CONTACT: Sallie Olmsted, +1-310-854-8124, or Susan Yin, +1-310-854-8145,
both of Rogers & Cowan, for Rentrak Corporation; or Fritz Friedman of Sony
Pictures Home Entertainment, +1-310-244-7799; or investors, Ron Parham of
PondelWilkinson Parham, +1-503-297-0202, for Rentrak Corporation
Web site: http://www.sonypictures.com/
Web site: http://www.rentrak.com/
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