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RENT Rent the Runway Inc

15.00
-0.59 (-3.78%)
27 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Rent the Runway Inc NASDAQ:RENT NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.59 -3.78% 15.00 11.40 15.91 15.92 14.9125 15.91 43,824 05:00:06

Rentrak and Concurrent Partner to Deliver Industry's First Three-Screen Video Analytics

16/06/2009 2:00pm

PR Newswire (US)


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Partnership Maximizes Advertising Investment for Operators, Advertisers and Content Providers PORTLAND, Ore. and ATLANTA, June 16 /PRNewswire-FirstCall/ -- Rentrak Corporation (NASDAQ:RENT), a multi-screen media measurement and research company serving the entertainment industry, together with Concurrent (NASDAQ: CCUR), a worldwide leader in video and media solutions, today announced a partnership agreement that will introduce the industry's first full-scale approach to collecting media data across operators which enables robust, cross-platform services reporting. Through this partnership, operators, networks and advertisers will benefit from an efficient end-to-end data management and reporting model that is expected to speed industry adoption of addressable advertising solutions across converging platforms, including television, mobile devices and the Internet. With this approach, operators and content providers will have the ability to better monetize media information with advertisers through high quality, census-level and near-real-time data. Concurrent will collect and correlate multi-dimensional data across multiple services while validating the integrity and timing of the data at the source level. In turn, Rentrak will ingest the consolidated data in real time, and apply its industry-leading measurement, analytics and reporting services across operators for networks and advertisers. The end result is expected to be a near-real-time, 360º view of video and advertising consumption patterns, ensuring a maximum return on advertising investments. "Rentrak and Concurrent have collaborated indirectly for a long time, and we are excited to solidify our commercial and technological partnership for the mutual benefit of our customers," said Sandra Kilbridge, vice president of operations, Advanced Media and Information (AMI) division at Rentrak. "This partnership with Concurrent further strengthens Rentrak's position as a key player in multi-platform audience measurement for VOD and linear television." "This partnership directly aligns with Concurrent's commitment to help our customers better deliver and monetize high-quality video across the three screens through an open, commercial and intelligent model," said Paul Haddad, vice president and general manager of Media Data and Advertising Solutions at Concurrent. "Concurrent is proud to be working with an industry-leading media analytics and reporting partner to deliver the next generation of data management and advertising solutions for our customers." About Rentrak Corporation Rentrak Corporation is an industry-advancing media measurement and research company, serving the most recognizable names in the entertainment industry. Reaching across numerous platforms including box office, home entertainment, on-demand and linear television, broadband and mobile, Rentrak provides exclusive and actionable insight for our clients and partners. From the introduction of our revolutionary Pay-Per-Transaction(R) distribution and revenue-sharing system, which equipped Rentrak with the intelligence and ability to deal with large, complex data streams, to the company's exclusive Essentials(TM) suite of services, Rentrak has redefined digital audience measurement. Rentrak is headquartered in Portland, Oregon, with additional offices in Los Angeles and New York City. For more information on any of Rentrak's services, please visit http://www.rentrak.com/. About Concurrent Concurrent (NASDAQ:CCUR) is a global leader in innovative solutions that enable the seamless delivery, management and monetization of video on any screen. Built on a solid foundation of video firsts and Emmy-award winning technology, Concurrent's screen-independent video delivery and media data solutions create a truly holistic, 360° view of the consumer video experience. By harnessing the full potential of video, Concurrent provides customers in the cable, telco, wireless, Web, advertising and content development industries with new revenue opportunities such as advanced advertising. Concurrent's video solutions are built upon a rich heritage of high-performance real-time technology which also powers solutions for the defense, aerospace, automotive and financial industries. Concurrent is a global company with offices in North America, Europe and Asia. For more information, please visit http://www.ccur.com/. Contacts for Rentrak: Rentrak Media Relations - Rogers & Cowan Sallie Olmsted (310) 854-8124 Amanda Bartz (310) 854-8151 Contacts for Concurrent: Concurrent Media Relations - Cohn and Wolfe Rebecca Biggs (404) 242-8763 Concurrent Investor Relations Kirk Somers (678) 258-4000 Certain statements made or incorporated by reference in this release may constitute "forward-looking statements" within the meaning of the federal securities laws. Statements regarding future events and development and our future performance, as well as our expectations, beliefs, plans, estimates, or projections relating to the future, are forward-looking statements within the meaning of these laws. These forward looking statements include, among others, statements regarding our products and product development. All forward-looking statements are subject to certain risks and uncertainties that could cause actual events to differ materially from those projected. Such risks and uncertainties include our ability to meet customer schedules and demands and deployment and integration goals. Important risk factors are discussed in our Form 10-K filed with the Securities and Exchange Commission on 27 August 2008, and may be discussed in subsequent filings with the SEC. The risk factors discussed in such Form 10-K under the heading "Risk Factors" are specifically incorporated by reference in this press release. Our forward-looking statements are based on current expectations and speak only as of the date of such statements. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of future events, new information, or otherwise. Concurrent Computer Corporation and its logo are registered trademarks of Concurrent Computer Corporation. All other Concurrent product names are trademarks of Concurrent while all other product names are trademarks or registered trademarks of their respective owners. Linux(R) is used pursuant to a sublicense from the Linux Mark Institute. DATASOURCE: Rentrak Corporation; Concurrent CONTACT: Rentrak Media Relations, Sallie Olmsted, +1-310-854-8124, , or Amanda Bartz, +1-310-854-8151, , both of Rogers & Cowan; or Concurrent Media Relations, Rebecca Biggs of Cohn and Wolfe, +1-404-242-8763, , or Concurrent Investor Relations, Kirk Somers, +1-678-258-4000, Web Site: http://www.rentrak.com/ http://www.ccur.com/

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