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Microcap & Penny Stocks : Tokyo Joe's Cafe / Anything goes
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To: Dave Gore who wrote (8525)4/19/1998 8:47:00 PM
From: Emec   of 34592
 
Dave,
RENT has contacts with Disney and MGM. They receive their product to distribute through their normal business to retailers that use revenue sharing, ie 8 of the top 10 chains in the counrty. A couple of months ago, Disney announced that it wanted every retailer in the country to be able to get their movies on a revenue sharing basis through traditional distributors that supply non revenue sharing retailers. Ingram is one of the biggest traditional distributors. Disney told all the traditional distributors that they would have to partner with either RENT or Supercomm for this program. I bought when I heard this because I understood what this meant. RENT currently accounts for about $50 million of Disney's total rental business. Disney does something like $600 million per year and obviously thinks it can do more through revenue sharing.. This caught everyone who follows RENT by surprise. A windfall for RENT. The street was urprised when Ingram signed with Supercomm, a small competitor of RENT that only supplies stores within stores in supermarkets. I was not surprised. Ingram will only be able to supply Disney and perhaps MGM through Supercomm since all of the other studios are under exclusive agreements with RENT. I believe that RENT will sign most of the other traditional distributors for the Disney program. Keep in mind everything else going on. All of the other major studios should sign with RENT. Blockbuster is now a RENT customer and said that it exepects 80% of their revenue by the end of the year will be revenue sharing. This is staggering. RENT will get a big chunk of this. Hope this helps to clear it up.
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