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comScore Seals Deal with Paramount Pictures
RESTON, Va., April 25, 2018 /PRNewswire/ -- comScore today announced Paramount Pictures Corporation has subscribed to distribution software, Theatrical Distribution System (TDS), part of comScore's Hollywood Software Suite of Solutions. Already a current subscriber to comScore's worldwide box office measurement services, Paramount, under this new agreement, will utilize the TDS service to manage all key elements of its domestic theatrical distribution business including planning, negotiating, booking and invoicing.
comScore TDS enables powerful consolidated reporting and analysis, as well as the ability to operate in any language and currency. This highly-scalable software supports Paramount's requirement to sell and collect in the most efficient manner.
"As a user of comScore's various movie solutions, we are excited to now utilize the Theatrical Distribution System, which will integrate comScore's box office assets with our sales needs for better efficiency," said Mark Christiansen, Executive Vice President of Worldwide Operations at Paramount. "We look forward to a long-term relationship and are thrilled with our partnership to assist in our theatrical-related endeavors."
This agreement with Paramount boosts the comScore TDS client base to more than 35 U.S. distributors, all of whom reported a combined domestic box office gross of $5.3 billion in 2017 alone. Today, seven of the top 10 movie studios use comScore TDS.
"We are excited to add Paramount Pictures to the expanding list of clients who rely on TDS," said David Sobottka, senior vice president of client insights for Movies at comScore. "The fact that seven out of the top 10 film studios now leverage TDS underscores its position as the industry's go-to system for managing film distribution."
comScore provides comprehensive industry solutions for film exhibitors and distributors in 65 countries around the world. Measuring approximately 95 percent of the global box office, comScore is the industry leader for providing the most accurate and trusted worldwide box office measurement and movie analytics services to help marketers and theaters optimize ticket sales and improve efficiencies across all aspects of the business.
comScore is a leading cross-platform measurement company that measures audiences, brands and consumer behavior everywhere. Built on precision and innovation, comScore's data footprint combines proprietary digital, TV and movie intelligence with vast demographic details to quantify consumers' multiscreen behavior at massive scale. This approach helps media companies monetize their complete audiences and allows marketers to reach these audiences more effectively. With more than 3,200 clients and a global footprint in 70 countries, comScore is delivering the future of measurement. Shares of comScore stock are currently traded on the OTC Market (OTC:SCOR). For more information on comScore, please visit comscore.com.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including, without limitation, comScore's expectations as to the impact of TV Essentials and the broader family of products on the success of comScore's business. These statements involve risks and uncertainties that could cause our actual results to differ materially from expectations, including, but not limited to, comScore's ability to achieve its expected financial and operational results. For additional discussion of risk factors, please refer to comScore's respective Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and other filings that comScore makes from time to time with the Securities and Exchange Commission (the "SEC"), which are available on the SEC's website (www.sec.gov).
Investors are cautioned not to place undue reliance on our forward-looking statements, which speak only as of the date such statements are made. comScore does not intend or undertake any obligation to publicly update any forward-looking statements to reflect events, circumstances or new information after the date of this press release, or to reflect the occurrence of unanticipated events.
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