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RENT > SEC Filings for RENT > Form 8-K on 25-Mar-2014All Recent SEC Filings

Show all filings for RENTRAK CORP



Costs Associated with Exit or Disposal Activities

Item 2.05 Costs Associated with Exit or Disposal Activities.

On March 20, 2014, the board of directors (the "Board") of Rentrak Corporation ("Rentrak") approved a plan to sell its Pay-Per-Transaction® ("PPT®") business and the related assets. While the PPT® business has been a longstanding legacy business of Rentrak, the business has been in a state of decline due to the decline of physical DVD disk rentals from retail stores. While a program to sell the PPT® business has been initiated, Rentrak cannot at this time predict when the completion of its exit from the PPT® business, or the closing of any related divestiture transaction, will occur. Commencing with the fourth quarter of fiscal year 2014, all current and historical results of the PPT® business will be reported as discontinued operations. As of the date of the filing of this report, Rentrak is unable to make a determination as to an estimate or range of estimates with respect to the costs it will incur in connection with the divestiture of the PPT® business. Accordingly, Rentrak will file an amendment to this Form 8-K after an estimate or range of estimates becomes available.

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