AMI division boasts growth of 98% in third quarter says Rentrak
AMI revenue hit $8.5m for the three months ended 31 December, again boosted by the acquisition of the Nielsen EDI box office measurement business. Excluding $2.9m of EDI revenue, division growth was 31%. AMI now accounts for 36% of Rentrak’s consolidated revenue, up from 19% a year earlier.
The Box Office data business grew 188% to $4.5m, the TV Essentials service was up 127% to $1.7m and sales of OnDemand Essentials increased 25% to $2m.
New AMI customers announced on the results conference call include A&E Network’s Biography Channel and Rainbow Media, which owns the AMC, IFC, Sundance and WeTV networks.
Revenues in the home entertainment services business, which includes the Pay-Per-Transaction (PPT) system for revenue sharing between video rental outlets and movie distributors, continued to fall, but at a rate of 19% year on year, which was blamed on a particularly weak rental market during the quarter. On an annualised basis, CFO David Chemerow said, the business decline was within the expected range of 5-10%.
All in all, CEO Bill Livek (pictured) said, “I am very proud of our achievements this quarter”. He added: “We are successfully executing our vision of continuing to provide the advertising and entertainment industries with a multi-screen database currency that delivers the detailed, granular and stable viewing and consumer demographic information necessary for making intelligent programming, TV planning and buying decisions.”

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