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

  • YouTube logo

    YouTube Streams Over 180 Million Hours to TV Screens Every Day

    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 […]

  • Facebook

    Facebook Suspends Data-Analytics Firm Crimson Hexagon to Probe Potential Policy Violations

    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 […]

  • Trump Davos

    Trump Tariffs Could Make Apple Watch, Sonos Speakers More Expensive (Report)

    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 […]

  • ABC - More In Common

    ABC Hopes Feel-Good Series for Facebook About Americans Uniting Goes Viral

    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 […]

  • Disney Cycles VR Short Film

    Disney Animation's First VR Film, 'Cycles,' Set to Premiere

    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 […]

  • Beta Film Boards ‘The Pier,’ from

    Beta Film Boards ‘The Pier,’ from ‘Casa de Papel’ Creator Alex Pina

    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 […]

  • Michelle Kempner

    BuzzFeed Entertainment Operations Head Michelle Kempner Exiting for Facebook

    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