Samsung and DivX Renew Licensing Agreement Across Broad Range of Consumer Electronics Products
March 25 2008 - 8:00AM
Business Wire
Samsung Electronics Co., Inc. and DivX, Inc. (NASDAQ:DIVX), a
digital media company, today announced the renewal of a two-year
licensing agreement that will allow Samsung to continue to include
DivX� technology in a variety of consumer electronics devices,
including DVD players and recorders, portable media players and
more. 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. Samsung, a longtime DivX licensee,
currently offers a number of products that enable consumers to
playback DivX� video, including numerous DVD player models. 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.
�Including DivX technology in our DVD devices allows us to offer
our customers top-shelf products with features they demand at
competitive price points,� said Mangyu Yim, Vice President of
Samsung Digital AV Division. �DivX has become a standard feature on
our devices and renewing our relationship is a promise of
continuing quality.� �Samsung has been a great partner and has
taken the lead in adopting DivX across a wide variety of products
to provide their consumers with a seamless, high-quality digital
video experience that bridges the PC, the living room and the
mobile environment,� said Kevin Hell, CEO of DivX. �We�re pleased
to extend our relationship and look forward to continuing to work
with Samsung to bring a great digital video experience to consumers
all around the world.� 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. For more information on Samsung, visit
www.samsung.com. 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. About Samsung Electronics
Samsung Electronics Co., Ltd. is a global leader in semiconductor,
telecommunication, digital media and digital convergence
technologies with 2006 parent company sales of US$63.4 billion and
net income of US$8.5 billion. Employing approximately 138,000
people in over 124 offices in 56 countries, the company consists of
five main business units: Digital Media Business, LCD Business,
Semiconductor Business, Telecommunication Network Business and
Digital Appliance Business. Recognized as one of the fastest
growing global brands, Samsung Electronics is a leading producer of
digital TVs, memory chips, mobile phones and TFT-LCDs. For more
information, please visit www.samsung.com. 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 annual report on
Form 10-K filed with the Securities and Exchange Commission on
March 17, 2008. 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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