Sony Pictures Television Approves Content Distribution for Next-Generation DivX Certified Consumer Electronics Devices
January 08 2008 - 8:00AM
Business Wire
DivX, Inc. (NASDAQ: DIVX) and Sony Pictures Television Inc. today
announced an agreement that will enable online retailers to offer
Sony Pictures titles for secure download in the high-quality DivX
format for playback on DivX Certified consumer electronics devices
powered by the next-generation chipset solution. �This milestone
agreement lays the foundation for Sony to offer high quality video
content in the DivX format to its retail partners for playback on
next-generation DivX Certified devices,� said Kevin Hell, CEO of
DivX, Inc. �Consumers want the flexibility and choice to enjoy
high-quality video content from a range of retailers across a
variety of devices. We are very pleased Sony Pictures Television
recognizes the value of the DivX digital media solution and look
forward to working together to offer a great experience to
consumers.� �We are dedicated to finding legitimate outlets for our
content and to that end are excited to be working with DivX to
provide retailers with an expanded ecosystem for the digital
distribution and playback of our digital media,� said Michael
Arrieta, Executive Vice President, Digital Distribution &
Mobile Entertainment, Sony Pictures Television. For more
information about DivX, visit www.divx.com. To learn more about
Sony Pictures Television, visit www.sonypicturestelevision.com.
About DivX 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. About Sony Pictures
Television Inc. Sony Pictures Television is one of the television
industry�s leading content providers. It produces and distributes
programming in every genre, including series, telefilms, theatrical
releases and family entertainment for network and cable television,
as well as first-run and off-network series for syndication. With
more than 25 programs on the air, SPT boasts a program slate that
includes the top-rated daytime dramas and game shows, landmark
off-network series, original animated series and critically
acclaimed primetime dramas, comedies and telefilms. SPT also owns
one-half of cable channel GSN and is a partner in FEARnet, the
premier horror/thriller website and VOD service. Sony Pictures
Television oversees all of Sony Pictures Entertainment's (SPE)
domestic digital distribution efforts across all electronically
delivered platforms, including the internet and mobile. Sony
Pictures Television, advertiser sales, is one of the premiere
national advertising sales companies, handling the commercial
inventory in SPT syndicated series as well as in all of SPE's
digital businesses in the United States, for Sony BMG and for iN
DEMAND's high-definition channel Mojo and the Tennis Channel, and
is part owner of national media sales company ITN Networks, Inc.
SPT (www.sonypicturestelevision.com) is a Sony Pictures
Entertainment company. 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 Sony Pictures Television Inc. and
DivX, DivX�s customers and shareholders, activities expected to
occur in connection with the agreement, the expected increase to
DivX�s market opportunity and potential consumer electronics
licensing revenue, and the acceleration of penetration in key
emerging product categories. 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 Sony
Pictures Television Inc. agreement may not materialize to the
extent expected, or at all; risks related to the uncertainty
surrounding DivX�s success in developing strategic partnerships
with online retailers; risks related to the timely development of
DivX�s next-generation Series 5 chip set; risks related to the
anticipated consumer adoption and benefits of DivX�s
next-generation Series 5 chip set; the risk that customer use of
DivX technology may not grow as anticipated; the risk that
anticipated market opportunities may not materialize at expected
levels, or at all; the risk that DivX�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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