DivX and Jaman Sign Agreement to Offer International and Independent Movies on the DivX Connected(TM) Platform
January 07 2008 - 8:00AM
Business Wire
DivX, Inc. (NASDAQ:DIVX) and Jaman.com, the leading international
and independent Internet film service, today announced an agreement
to add video titles from the Jaman.com library to the DivX
Connected� platform, a solution that provides consumers with easily
accessible high-quality digital media content through a variety of
consumer electronics devices. The thousands of titles available at
Jaman.com include foreign, independent, short, and documentary
films. The two companies will work together to make selections from
the Jaman library available to users of DivX Connected devices,
extending the content experience beyond the limits of the PC to the
living room. The first DivX Connected device available to consumers
from D-Link is presently for sale online in the UK, France, and
Germany and will be released in the US in 2008. �By working with
DivX to make Jaman video available on the DivX Connected platform,
we can offer our users a compelling solution to bring
internet-distributed international and independent films directly
into their living rooms,� said Jaman�s CEO Gaurav Dhillon. �We want
to give our users the ability to watch their content how and where
the like, beyond just the PC.� �Jaman�s model of distributing high
quality movies over the internet offers viewers a uniquely diverse
range of content, but viewers want flexibility over where they
watch those films,� said Jerome �Gej� Vashisht-Rota, Co-founder,
Vice President & Group Business Manager, Media Experience, at
DivX, Inc. �Because DivX Connected is an open platform, we can
partner with services like Jaman, and together bring compelling new
content to the living room for a truly cinematic experience.� For
more information on DivX Connected, see www.divx.com/connected. For
more information on Jaman, see www.jaman.com. About Jaman Jaman.com
is revolutionizing the way people discover, enjoy and share movies
all over the world. The company is pioneering entertainment on the
Internet by delivering hi-def films to a growing online community
of fans and filmmakers. Jaman.com is based in San Mateo, California
and is backed by luminaries in technology and media (more at
http://www.jaman.com/about). Join Jaman, Join the World�. About
DivX, Inc. DivX, Inc. is a digital media company that enables
consumers to enjoy a high-quality video experience across any kind
of device. DivX creates, distributes and licenses digital video
technologies that span the �three screens� comprising today�s
consumer media environment�the PC, the television and mobile
devices. Over 100 million DivX Certified� devices have shipped into
the market from leading consumer electronics manufacturers. DivX
also offers content providers and publishers a complete solution
for the distribution of secure, high-quality digital video content.
Driven by a globally recognized brand and a passionate community of
hundreds of millions of consumers, DivX is simplifying the video
experience to enable the digital home. Forward-Looking Statements
Statements in this press release that are not strictly historical
in nature constitute "forward-looking statements." Such statements
include, but are not limited to, statements regarding the
anticipated benefits of the agreement between Jaman.com and DivX,
DivX�s customers and shareholders, activities expected to occur in
connection with the agreement, and the expected increase to DivX�s
market opportunity related to DivX Connected consumer electronics
devices. Such forward-looking statements involve known and unknown
risks, uncertainties and other factors which may cause DivX's
actual results to be materially different from historical results
or from any results expressed or implied by such forward-looking
statements. These factors include, but are not limited to: risks
that the anticipated benefits of the Jaman.com agreement with DivX
may not materialize to the extent expected, or at all; risks
related to the uncertainty surrounding DivX�s success in developing
DivX Connected consumer electronics devices; risks related to the
timely development of DivX Connected consumer electronics devices;
risks related to the anticipated consumer adoption and benefits of
DivX Connected consumer electronics devices; the risk that the
anticipated market opportunities may not materialize as expected,
or at all; the risk that customer use of DivX technology may not
grow as anticipated; the risk that the Company�s activities may not
result in the growth of profitable revenue; risks and uncertainties
related to the maintenance and strength of the DivX brand; risks
associated with DivX's ability to penetrate existing and new
markets; risks regarding the effects of competition; DivX's
dependence on its licensees and partners; the effect of
intellectual property rights claims; and other factors discussed in
the "Risk Factors" section of DivX's quarterly report on Form 10-Q
filed with the SEC on November 14, 2007. All forward-looking
statements are qualified in their entirety by this cautionary
statement. DivX is providing this information as of the date of
this release and does not undertake any obligation to update any
forward-looking statements contained in this release as a result of
new information, future events or otherwise.
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