DivX (R) Now Showing on Blu-ray DVD Players
March 12 2008 - 8:30AM
Business Wire
DivX, Inc. (NASDAQ:DIVX), a digital media company, today announced
that it has granted DivX� Certification to six new Blu-ray DVD
players from Panasonic, Philips, and Denon. The new DivX Certified�
DVD models join the world�s best-selling Blu-ray playback device,
the Sony PLAYSTATION� 3, which has been capable of DivX� playback
since December, 2007. The growth of DivX technology in the emerging
Blu-ray market demonstrates growing traction of the Company�s
licensing business into new product categories. DivX technology has
already become a de facto standard on standard definition DVD
devices, with an estimated 41 percent penetration in the global
market as of the end of 2007. Thanks to the superior compression
and high visual quality of the DivX format, consumers can take
advantage of Blu-ray technology to store and playback over 25 hours
of DVD-quality video on a single Blu-ray disc. Newly certified DVD
players include devices from Panasonic (Model: DMP-BD30EE), Philips
(Model: BDP7200) and Denon (Models: DVD-2500BTC1B, DVD-3800BDC1B,
DVD-3800BDSP and DVD-2500BTSP). �The end of the format war creates
more opportunity for�Blu-ray products,� said In-Stat Principal
Analyst, Michelle Abraham, Converged Markets & Technologies,
Multimedia.��In-Stat expects worldwide shipments of Blu-ray players
to reach�23 million�in 2011. DivX is well-positioned to become a
standard feature on Blu-ray devices, just as it has shipped in
millions of DVD players worldwide.� �Blu-ray technology clearly
represents an important standard for the future of digital media,
and we�re pleased that our partners continue to recognize DivX
technology as an important feature on next-generation devices,�
said Kevin Hell, CEO of DivX, Inc. �The DivX logo has become a
symbol of a high-quality digital video experience on any kind of
device or platform.� Products that bear the DivX Certified logo
have undergone a rigorous testing program to ensure
interoperability, security and visual quality. DivX Certified
products enable consumers to create, play and share high-quality
video content across a range of devices and platforms. Over 100
million DivX Certified devices from a variety of manufacturers have
shipped worldwide. 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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