SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of
1934
Date of Report (Date of earliest event reported) December18, 1996
BlowOut Entertainment, Inc.
(Exact Name of Registrant as Specified in its Charter)
Delaware 0-21327 87-0498950
(State or Other Jurisdiction (Commission File I.R.S. Employer
of Incorporation) Number) identification Number)
One Airport Center, 2nd Floor,
7700 NE Ambassador Place,
Portland, Oregon 97220
(Address of Principal Executive Offices) (Zip Code)
(503) 331-2729
(Registrant's Telephone Number, Including Area Code)
7227 NE 55th Avenue,
Portland, Oregon 97218
(Former Name or Former Address, If Changed Since Last Report)
Item 4. Changes in Registrant's Certifying Accountant.
On December 18,1996, BlowOut Entertainment, Inc. (the "Company")
dismissed its independent accountants, Arthur Andersen LLP.
The decision to change accountants, as recommended by the Board
of Director's audit committee, was to ensure independence both in
appearance and in fact from the Company's former parent, Rentrak
Corporation, whose independent accountants are Arthur Andersen
LLP. The Company's Board of Directors approved the audit
committee's recommendations with the effective date of December
18, 1996.
There were no disagreements between management of the Company and
the former accountants on any matters of accounting principles or
practices, financial statement disclosures, or auditing scopes or
procedures during the Company's two most recent fiscal years and
any subsequent interim period preceding the dismissal. The
report of Independent Public Accountants on the Company for the
past two years were issued unqualified with no uncertainties,
disclaimers or modifications.
In addition, the audit committee recommended, and the Board of
Directors approved, the appointment of Price Waterhouse, LLP as
its new independent accountants, effective December 18, 1996.
The selection of Price Waterhouse, LLP was through the proposal
process with no consideration requested or made on the
application of accounting principles, the type of audit opinion
that might be rendered on the financial statements, or any other
factor for reaching a decision as to accounting, auditing or
financial reporting issues.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be signed
on its behalf by the undersigned hereunto duly authorized.
December 18, 1996
BlowOut Entertainment, Inc.
By: /s/Karl Wetzel
Name: Karl Wetzel
Title: Chief Financial
Officer and Secretary
December 23, 1996
Office of the Chief Accountant
SECPS Letter File
Securities and Exchange Commission
Mail Stop9-5
450 Fifth Street, N.W.
Washington, D.C. 20549
Gentlemen:
We have read the first three paragraphs of Item 4 included in the
attached Form 8-K dated December 18, 1996 of BlowOut
Entertainment, Inc. to be filed with the Securities and Exchange
Commission and are in agreement with the statements contained
therein.
Very truly yours,
/s/ ARTHUR ANDERSEN LLP
