Now Playing: DivX(R) on High Definition Digital Televisions
April 23 2008 - 8:00AM
Business Wire
DivX, Inc. (NASDAQ:DIVX), a technology company, today announced
that the company has made significant progress extending the DivX
CertificationTM program to digital televisions from a variety of
manufacturers that will enable consumers to easily enjoy
high-quality video they create on their PC or discover on the
Internet from the comfort of the home theater. DivX� is a
high-quality digital video technology that allows consumers to
create and watch content on the PC, living room and on the go. Over
100 million DivX Certified� devices have already shipped worldwide
from major manufacturers, including DVD players, mobile phones and
gaming consoles. The company has extended its ecosystem into
digital televisions with over 80 models certified from major brands
such as LG and HP that allow consumers to easily play back their
content via USB storage devices that plug directly into the
televisions. Various models also enable content to be streamed
directly from Internet services. DivX is also working with leading
chip providers such as AMD, Chips and Media, Broadcom, and Trident
to extend support for DivX on digital television platforms. By
working with these major chip providers, DivX continues to emerge
as a prominent digital video standard with significant market
presence for next generation entertainment across digital
televisions. �The market for televisions is changing rapidly as
entertainment is increasingly consumed through digital formats and
consumers begin to look for solutions that connect their living
room with a high-quality digital experience,� said Kurt Scherf,
Vice President, Principal Analyst, Parks Associates. �Given its
steady adoption rate within this market, DivX is well positioned to
capitalize on this shift and secure a significant share of the
business.� �DivX is powering a seamless digital video experience
that enables consumers to enjoy high-quality video on any kind of
device, and next-generation digital televisions are a very
important part of that ecosystem,� said Kevin Hell, Chief Executive
Officer of DivX, Inc. �With our strong partnerships and clear
consumer demand, we are set to replicate the considerable success
we�ve seen in the DVD market with digital televisions from our
partners.� 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. 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 annual report on
Form 10-K filed with the SEC 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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