You will be redirected back to your article in seconds

Rentrak distrib retreats

Rentrak Corp., a distributor of pay-per-transaction videocassettes, will take a $ 2 million charge in the second quarter for suspending efforts to establish a unit in German-speaking Europe.

“We failed to obtain sufficient product-flow commitments from program suppliers,” said Ron Berger, chairman of the company.

Rentrak noted that losses in Europe have hurt its earnings for several quarters.

In the second quarter of 1992, the company posted a loss of $ 475,917, or 5 cents a share, including $ 500,000 of extraordinary start-up costs for its chain store division.

Berger said the company is better off “focusing on the much larger domestic market, where we continue to register record sales and earnings.”

From staff and the Dow Jones News Service

More Digital

  • Lou Pearlman Dead

    Documentary on Disgraced Boy-Band Producer Lou Pearlman Ordered by YouTube Red

    Rentrak Corp., a distributor of pay-per-transaction videocassettes, will take a $ 2 million charge in the second quarter for suspending efforts to establish a unit in German-speaking Europe. “We failed to obtain sufficient product-flow commitments from program suppliers,” said Ron Berger, chairman of the company. Rentrak noted that losses in Europe have hurt its earnings […]

  • Netflix Stock All Time High

    Netflix Might Soon Be Worth More Than Disney

    Rentrak Corp., a distributor of pay-per-transaction videocassettes, will take a $ 2 million charge in the second quarter for suspending efforts to establish a unit in German-speaking Europe. “We failed to obtain sufficient product-flow commitments from program suppliers,” said Ron Berger, chairman of the company. Rentrak noted that losses in Europe have hurt its earnings […]

  • Spotify logo is presented on a

    Spotify Announces Dramatic Upgrade for Free Service to Increase Paying Subscribers

    Rentrak Corp., a distributor of pay-per-transaction videocassettes, will take a $ 2 million charge in the second quarter for suspending efforts to establish a unit in German-speaking Europe. “We failed to obtain sufficient product-flow commitments from program suppliers,” said Ron Berger, chairman of the company. Rentrak noted that losses in Europe have hurt its earnings […]

  • Crackle - The Oath season one

    50 Cent's 'The Oath' Renewed for Season 2 by Sony's Crackle

    Rentrak Corp., a distributor of pay-per-transaction videocassettes, will take a $ 2 million charge in the second quarter for suspending efforts to establish a unit in German-speaking Europe. “We failed to obtain sufficient product-flow commitments from program suppliers,” said Ron Berger, chairman of the company. Rentrak noted that losses in Europe have hurt its earnings […]

  • The-Roku-Channel_ABC-News

    ABC Launches New 24/7 Online News Network 'ABC News Live' Exclusively on Roku Channel

    Rentrak Corp., a distributor of pay-per-transaction videocassettes, will take a $ 2 million charge in the second quarter for suspending efforts to establish a unit in German-speaking Europe. “We failed to obtain sufficient product-flow commitments from program suppliers,” said Ron Berger, chairman of the company. Rentrak noted that losses in Europe have hurt its earnings […]

  • APOS: HOOQ Adds Content for Indonesia

    APOS: HOOQ Adds Content for Indonesia Via Strategic Deals

    Rentrak Corp., a distributor of pay-per-transaction videocassettes, will take a $ 2 million charge in the second quarter for suspending efforts to establish a unit in German-speaking Europe. “We failed to obtain sufficient product-flow commitments from program suppliers,” said Ron Berger, chairman of the company. Rentrak noted that losses in Europe have hurt its earnings […]

  • YouTube logo

    YouTube Deleted 8 Million Videos in Q4, Mostly Porn and Spam

    Rentrak Corp., a distributor of pay-per-transaction videocassettes, will take a $ 2 million charge in the second quarter for suspending efforts to establish a unit in German-speaking Europe. “We failed to obtain sufficient product-flow commitments from program suppliers,” said Ron Berger, chairman of the company. Rentrak noted that losses in Europe have hurt its earnings […]

More From Our Brands

Access exclusive content