DivX Enters Into New Multiyear Contract with Philips Electronics to Bring DivX Video to Wide Variety of Consumer Electronics Dev
March 04 2008 - 9:00AM
Business Wire
DivX, Inc. (NASDAQ:DIVX), a digital media company, today announced
that it has entered into a new two-year license agreement with
Philips Electronics. The agreement will enable Philips to continue
to include DivX� video functionality on its wide range of consumer
lifestyle products, including DVD players, portable devices,
digital televisions and next-generation products including Blu-ray
DVD devices. DivX has become a global standard for a high-quality
digital video experience that bridges the gap between the PC, the
living room and mobile environments. With over 100 million DivX
Certified� devices shipped into the market from a wide variety of
major consumer electronics brands, DivX is the only video format
that offers consumers an easy and flexible way to move video
content across all the devices in their life, ensuring
interoperability between DVD players, mobile phones, in-car
devices, digital still cameras, gaming consoles and many other
products that bear the DivX logo. �Our goal is to provide consumers
with an open and seamless digital media experience that lets them
enjoy high-quality video across any device, from any manufacturer,�
said Kevin Hell, CEO of DivX. �We�re extremely pleased to extend
our relationship with Philips in order to continue offering global
consumers the ability to access their video content on any device
they choose.� Products that bear the DivX Certified logo have
undergone a rigorous testing program to ensure interoperability,
security and visual quality. DivX Certified products are available
from wide variety of major brands at retail outlets all over the
word, enabling consumers to create, play and share high-quality
video content across a range of devices and platforms. For more
information on DivX, visit www.divx.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 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.
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