DivX Announces Licensing Agreement with AMD to Allow Support of DivX Video with AMD Xilleon(TM) Processors
January 16 2008 - 8:00AM
Business Wire
DivX, Inc. (NASDAQ:DIVX), a digital media company, today announced
a licensing agreement with semiconductor supplier AMD (NYSE:AMD).
This agreement will allow AMD to include DivX� video technology
with specific AMD Xilleon� processors to power a broad range of
next-generation digital TVs worldwide. "We are committed to
delivering a true multimedia experience with AMD Xilleon processors
providing excellent visual quality and interoperability across a
number of high-definition digital TVs and platforms," said Dave Di
Orio, corporate vice president and general manager for AMD�s DTV
Division. �DivX video is a highly attractive feature that we
believe complements AMD technology to offer real value to our DTV
OEM customers and consumers.� �Our goal is to create a seamless
media experience where consumers can enjoy high-quality video on
any kind of device, and AMD is an excellent partner to help realize
that vision,� said Kevin Hell, CEO of DivX, Inc. �Digital
televisions are an increasingly important element of the �three
screens� that define the digital media experience today�the PC, the
television and the mobile device, and we believe our agreement with
AMD will help improve the media experience for consumers.� The two
companies will work together to achieve DivX Certification for
specific AMD Xilleon processors. Products that bear the DivX
Certified� logo have undergone a rigorous testing program to ensure
a high-quality DivX media experience, including reliable video
playback, interoperability with other DivX Certified devices and
the visual quality users expect from DivX. 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. 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 DivX's
visibility within the investment community. 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: 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 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.
Divx, Inc. (MM) (NASDAQ:DIVX)
Historical Stock Chart
From Jun 2024 to Jul 2024
Divx, Inc. (MM) (NASDAQ:DIVX)
Historical Stock Chart
From Jul 2023 to Jul 2024