Rentrak Theatrical Opens up Motion Picture Industry's First Realtime Box Office Data Collection in Asia Including India and Hong Kong
Rentrak Theatrical Opens up Motion Picture Industry's First Realtime Box Office Data Collection in Asia Including India and Hong Kong
STEVE PERRIN, 27 YEAR INTERNATIONAL THEATRICAL INDUSTRY VETERAN, TAPPED AS SENIOR VICE PRESIDENT, INTERNATIONAL TO SPEARHEAD OPERATIONS AND EXPANSION PLANS IN INTERNATIONAL TERRITORIES
PORTLAND, Ore., June 12 /PRNewswire-FirstCall/ -- Rentrak Corporation (NASDAQ:RENT) today announced that its Rentrak Theatrical unit is now collecting real time box office sales data from theatre locations in Hong Kong and India, a motion picture industry first. Concurrently, the company announced the appointment of Steve Perrin, Ph.D., as Rentrak Theatrical's new Senior Vice President, International.
Both Kong Hong and India are highly regarded by the industry as growing and important markets and serve as gateways to other major Asian markets in the future. For the first time, industry executives will be able to access real time data from these markets, including both studio and Bollywood releases in India. Rentrak's studio clients will have near real time access to much needed instant feedback that is so important in today's changing world and will aid in faster decision making.
Steve Perrin, a 27 year industry veteran with extensive experience in distribution and exhibition, most recently served as Deputy Head of Distribution and Exhibition of the U.K. Film Council. Perrin is a key strategic hire for Rentrak Theatrical as the company continues to expand operations and services further into international territories, especially in Asia where the company expects to begin servicing additional countries in the near future. Perrin will oversee all international operations programs for Box Office Essentials(TM), the motion picture industry's original real-time box office data tracking and analysis package. Earlier in his career, Perrin worked for Nielsen EDI as Senior Vice President where he developed the company's first international box office reporting service, helped develop their International markets and oversaw operations for a number of years.
Perrin, who will be based in London, is responsible for management of international territory development and operations, and reports to Ron Giambra, senior vice president, Theatrical Worldwide at Rentrak.
"Steve Perrin's deep experience in international distribution and exhibition will be a tremendous asset to Rentrak as we continue to expand the use of Box Office Essentials(TM) in the global entertainment marketplace," said Ron Giambra, senior vice president -- Theatrical Worldwide at Rentrak. "We are delighted to have Steve on board to help us in our major international expansion plans," Giambra added.
"Hong Kong and India are both extremely exciting growth markets for the motion picture industry, especially India which has the highest per capita movie-going audience in the world and releases nearly 1,000 movies per year," said Steve Perrin. "I'm very pleased at this exciting stage of the company's expansion plans to be working with Rentrak Theatrical, the leader in real time box office data services, that allows our clients access to real time box office data in these and future international markets," Perrin added.
Rentrak Theatrical is working with two strategic partners, Hong Kong Theatre Association and Big Tree Entertainment in India to provide field support as well as cultural and local business advisory services.
About Box Office Essentials
Box Office Essentials is the motion picture industry's original real time data collection and analytical service. Box Office Essentials was developed in 2004 as a result of working closely with studio and exhibition executives to design and successfully implement state-of-the-art proprietary and secure technology that gathers box office ticket sale information from more than 6,100 theatre locations across the U.S., Canada, India and Hong Kong. Box Office Essentials provides each studio with password-protected, real-time, web browser-based and 24x7 access to data pertaining specifically to their movie release titles. A sophisticated toolset allows studio distribution executives to view and analyze the information at different levels of detail and across a multitude of attributes (by theatre circuit, DMA, time zone, etc.), enhancing their ability to make faster, better informed decisions. Additional features include online school calendars (K-12 and college), interactive release schedule and 24-hour subscriber support.
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 Entertainment Essentials(TM) suite of services 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 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/.
Contacts: Sallie Olmsted/Amanda Bartz
Rentrak Corporation
310/854-8124/8151
solmsted/abartz@rogersandcowan.com
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Source: Rentrak Corporation
CONTACT: Sallie Olmsted, +1-310-854-8124, solmsted@rogersandcowan.com or
Amanda Bartz, +1-310-854-8151, abartz@rogersandcowan.com, both for Rentrak
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