DivX and Next New Networks Partner to Distribute Independent Video Content on the DivX Connected(TM) Platform
January 07 2008 - 8:00AM
Business Wire
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.
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