DivX(R) Technology to Power High-Quality Video for PLAYSTATION(R)3 Games
May 13 2008 - 8:00AM
Business Wire
DivX, Inc. (NASDAQ:DIVX), a digital media company, today announced
the availability of DivX� video encoding to PLAYSTATION�3 (PS3�)
game developers, enabling them to create high quality DivX video
for PS3 games. The availability of DivX video encoding technology
will enable developers to take full advantage of DivX compression
technology while maintaining the integrity of high quality video.
PS3 is the first gaming system capable of playing back DivX video.
"We are excited to work with Sony Computer Entertainment to offer
DivX video encoding to PS3 game developers," said Kevin Hell, CEO
of DivX, Inc. "PS3 users can already use their PS3s to watch their
own DivX videos, and now they�ll also be able to enjoy the quality
of DivX in the games.� Products that bear the DivX Certified� logo
have undergone a rigorous testing program to ensure a high-quality
DivX media experience that includes reliable video playback and
excellent visual quality. DivX is currently working to certify PS3
in order to provide a superior digital media experience to PS3
consumers in the near future. For more information on PlayStation,
visit www.playstation.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. 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 Securities Exchange Commission on May
9, 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. �PLAYSTATION� is a registered trademark and �PS3� is a
trademark of Sony Computer Entertainment Inc.
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