DIVX Divx, Inc. (MM)

DivX, Inc. (NASDAQ:DIVX) and Next New Networks, the new media company creating branded micro-networks on the Internet, today announced a partnership to allow consumers to access Next New Network shows through the DivX ConnectedTM platform. Next New Networks is one of the most widely distributed video content providers on the Internet with a large number of branded networks, including IndyMogul, Channel Frederator, and Veracifier. DivX Connected is a powerful, easy-to-use open platform that brings a high-quality digital media experience to the living room, allowing consumers to access media content and services from the PC and Internet through a range of consumer electronics products. 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 later this year. �DivX Connected is a great platform that will allow us to move our content beyond the PC to the comfort of the living room,� said Herb Scannell, co-founder and CEO, Next New Networks. �It is our goal to bring compelling, original video programming to users wherever and whenever they want to enjoy it, across any device or platform, and DivX is a great partner to help make that vision a reality.� �Next New Networks is an innovative content distributor of uniquely compelling shows that appeal to passionate audiences,� said Jerome �Gej� Vashisht-Rota, Co-founder, Vice President & Group Business Manager, Media Experience, at DivX, Inc. �They�ve done a great job utilizing the open power of the Internet to engage consumers, and the DivX Connected platform provides an ideal complement to that strategy by extending Next New Networks shows to the living room in an open and seamless experience.� For more information on DivX Connected, see www.divx.com/connected. For more information on Next New Networks, please visit www.NextNewNetworks.com. About Next New Networks Next New Networks is a media company that is creating micro television networks over the internet for targeted communities, bringing together elements of traditional TV networks with Internet functionality that invites viewers to contribute, share and distribute content. The company is headquartered in New York City and is privately held. For more information, please visit www.NextNewNetworks.com. 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 partnership between Next New Networks and DivX, DivX�s customers and shareholders, activities expected to occur in connection with the partnership, 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 Next New Networks partnership 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.