Rentrak Corporation(RENT)- NASDAQ
  • Fri, Jan. 29, 12:34 PM
    • With a merger closing coming after business today, comScore (NASDAQ:SCOR) is off 4.3% and Rentrak (NASDAQ:RENT) down 4.3%. Yesterday, the two firms gained in the wake of their respective shareholder votes to seal the deal (comScore up 0.3%; Rentrak up 0.5%).
    • Evercore ISI has initiated coverage of comScore at Hold, bucking nearly a dozen Buy ratings held by other firms.
    • On CNBC, comScore CEO Serge Matta was confident amid digital challenges and described the combination as ready to usher in the new ratings era. "The new comScore, with Rentrak, is going to be able to measure over 250M desktops, over 150M or 200M mobile phones and tablets, 40M TV sets, 120M video on demand."
    • On the challenges of getting digital partners to cooperate with their rubrics: "We have a lot of partners today ... just the baseline that we're talking about is in the hundreds of millions as a starting point ... and what we're going to be doing with it is merging all of that data together and creating a world-class cross-platform service."
    • It won't take long to get past integration and roll out new offerings, he suggests. "We know each other, our cultures are the same, the big data innovation culture between the 2 firms ... it's no longer fiction, it's really a reality, and the starting point will be happening in just a short number of weeks."
    • Previously: ComScore, Rentrak shareholders OK last merger votes; closing tomorrow (Jan. 28 2016)
    | Fri, Jan. 29, 12:34 PM
  • Mon, Jan. 25, 6:31 PM
    • ComScore (SCOR +1%) is up 1.2% after hours, and Chemours (CC -7.9%) is up 1.2% as well, as the two get set to trade places in S&P indexes.
    • ComScore will leave the S&P SmallCap 600 to join the MidCap 400 after the close on Friday, at which point comScore is expected to close on its acquisition of Rentrak (RENT +1.3%), giving it a market cap more characteristic of a mid-cap.
    • Replacing it in the SmallCap 600 will be performance chemical maker Chemours, which is near the bottom of the MidCap 400 and has a cap more representative of small caps, S&P says.
    | Mon, Jan. 25, 6:31 PM | 1 Comment
  • Dec. 23, 2015, 4:31 PM
    | Dec. 23, 2015, 4:31 PM
  • Nov. 24, 2015, 10:28 AM
    • One of the major milestones in the merger of comScore (SCOR -2.5%) and Rentrak (RENT -1.9%) has passed as the Hart-Scott-Rodino antitrust waiting period has expired on the deal.
    • The merger -- a stock-for-stock deal that will leave comScore with about two-thirds of the combination -- still remains subject to the approval of both companies' shareholders. Both boards approved the transaction.
    • The companies expect the deal to close in January.
    • Previously: Wunderlich: ComScore/Rentrak a compelling measurement combo (Sep. 30 2015)
    | Nov. 24, 2015, 10:28 AM
  • Sep. 30, 2015, 3:50 PM
    • With a new challenge looming in the merger of comScore (SCOR +11%) and Rentrak (RENT +24.6%), Nielsen (NLSN -1.8%) today noted that CBS All Access (CBS +2.5%) is kicking off its efforts toward Total Audience Measurement.
    • The CBS over-the-top service is the first app/browser experience to be certified for the Digital in TV Ratings measurement, Nielsen announced at an Advertising Week panel. The move makes CBS the first broadcast net to include digital audience measurement in its TV ratings; viewers of local CBS TV stations via the app will be accounted for.
    • The Total Audience Measurement initiative is moving forward “not after a honeymoon, not after a marriage, not after anything else. Now," said Nielsen's Steve Hasker, who notes Nielsen will roll it out before the competing merger is sealed. The announcement wasn't without friction, as the chiefs of Rentrak and comScore were on stage as well.
    • “We live in a world of a basket of currencies," said Rentrak CEO Bill Livek. "We have the dollar. We have the pound. We have the euro. They function together ... You’re not the only currency. Please.”
    • Previously: Wunderlich: ComScore/Rentrak a compelling measurement combo (Sep. 30 2015)
    | Sep. 30, 2015, 3:50 PM | 1 Comment
  • Sep. 30, 2015, 12:43 PM
    | Sep. 30, 2015, 12:43 PM | 10 Comments
  • Sep. 30, 2015, 10:23 AM
    • The deal by comScore (SCOR +11.6%) -- an Internet traffic-measurement specialist -- to acquire Rentrak (RENT +22.8%), better known for set-top TV measurement, is a combination aimed at taking on the king: Nielsen (NLSN -2.1%), which has come in for criticism from many corners over finding a "better way" of tracking in the era of big data.
    • “We are going to build a cross-platform currency,” said comScore's Serge Matta, which may be music to the ears of Viacom's Philippe Dauman, for one; Dauman said his company's creation of Viacom Vantage was a step toward getting past Nielsen and "moving toward creating a different kind of currency." Nielsen's "total audience" measure is reportedly in the works for coming months.
    • Nielsen's incumbency is no small matter. Its revenues last year were $6.3B, against comScore's $329M and Rentrak's $103M.
    • Wunderlich sees the "next iPhone in media measurement" in the deal. Analyst Matthew Harrigan holds a Buy rating on Rentrak with a $72 target (35% upside from this morning).
    • The deal implies "especially compelling" multiples and "addresses an imperative need for a flexible and trusted metric for cross-platform media buying and selling, with siloed TV and digital analytics no longer adequate." Media companies should respond favorably, he says, and he estimates synergies of at least $20M for 2016 going up to $35M in 2017 with “very high sales pass-through to EBITDA.”
    • Previously: ComScore up 6.1% after hours, to merge with Rentrak (Sep. 29 2015)
    | Sep. 30, 2015, 10:23 AM | 1 Comment
  • May 13, 2015, 12:45 PM
    | May 13, 2015, 12:45 PM | 1 Comment
  • Feb. 9, 2015, 12:33 PM
    • Shares of Rentrak (RENT -5.4%) slide after Mark Cuban discloses a smaller position.
    • Cuban now owns 5.1% of the company after sitting with a 6.3% stake at the end of last quarter and a position of close to 9% a few years ago.
    • SEC Form 13D
    | Feb. 9, 2015, 12:33 PM
  • Feb. 6, 2015, 12:45 PM
    | Feb. 6, 2015, 12:45 PM
  • Oct. 9, 2014, 12:46 PM
    | Oct. 9, 2014, 12:46 PM | 4 Comments
  • Oct. 9, 2014, 11:43 AM
    • Shares of Rentrak (RENT +13.8%) soar after the company announces a deal to buy the TV measuring business of Kantar Media.
    • Analysts think the acquisition will help Rentrak compete with Nielsen for larger media accounts.
    • Rentrak etched out a 52-week high of $75 today on heavy volume.
    | Oct. 9, 2014, 11:43 AM
  • Sep. 25, 2014, 3:58 PM
    • Shares of Rentrak (NASDAQ:RENT) move up 9% on volume 2X normal activity to clear $60 and reach their highest level since March.
    • SA contributor Long Short thinks shares are worth $80 as the media company begins to bear the fruit from years of investments.
    | Sep. 25, 2014, 3:58 PM
  • Sep. 8, 2014, 10:24 AM
    • Rentrak (RENT +6.2%) rallies after Needham initiates coverage with a Buy rating.
    • The investment firm sets a price target of $64 on Rentrak on its view the company still has plenty of untapped potential to add new media clients.
    | Sep. 8, 2014, 10:24 AM
  • Apr. 4, 2014, 12:47 PM
    | Apr. 4, 2014, 12:47 PM
  • Jan. 16, 2014, 12:47 PM
    | Jan. 16, 2014, 12:47 PM | 4 Comments
Company Description
Rentrak Corp is a media measurement and information company serving the entertainment, television, video and advertising industries. Its services are distributed into two areas: - Movies Everywhere and TV Everywhere.
Sector: Services
Industry: Movie Production, Theaters
Country: United States