Sony Pictures Television International Approves Content Distribution on Next-Generation DivX Certified(R) Consumer Electronics D
June 24 2008 - 8:30AM
Business Wire
DivX, Inc. (NASDAQ:DIVX), a digital media company, today announced
an agreement with Sony Pictures Television International (SPTI)
that will enable online retailers in international markets to offer
SPTI�s feature films and television content for secure download in
the high-quality DivX� format for playback on DivX Certified�
consumer electronics devices powered by the next-generation chipset
solution. This agreement follows an agreement DivX announced with
Sony Pictures Television for domestic format approval in January.
�The extension of our relationship with the Sony family will enable
consumers around the world to easily and securely access and enjoy
high-quality, premium content from the Sony library on a variety of
devices beyond the PC,� said Kevin Hell, CEO of DivX, Inc. �We are
pleased that Sony Pictures Television International recognizes the
value of the DivX digital media solution and we look forward to
partnering with international retailers to bring this solution to
market.� �We welcome the opportunity for international retailers to
distribute Sony titles in a secure manner using the DivX format and
to offer international consumers the ability to easily and flexibly
enjoy Sony content across a variety of devices,� said Paul
Littmann, Senior Vice President, New Media, Sony Pictures
Television International. For more information about DivX, visit
www.divx.com. About DivX 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 Sony Pictures
Television International Sony Pictures Television International
(SPTI) is the division of Sony Pictures Entertainment (SPE)
responsible for all television business outside of the United
States. SPTI operates three complementary lines of business: 1)
distribution of SPE�s feature films and television programming to
television, mobile and digital content delivery outlets around the
world, 2) local television production in key international markets,
and 3) international television networks. In addition to being a
leader in the distribution of current and classic U.S. and
international films and television product worldwide, SPTI produces
high profile, locally produced television in local languages. With
dedicated offices in France, Germany, Hong Kong, Italy, Miami
(Latin America), the People's Republic of China, Russia, Spain and
the United Kingdom, SPTI currently oversees production in nine
regions of the world and is the leader in international television
production among all major Hollywood studios. SPTI's worldwide
television networks portfolio is a key strategy in the SPE's
long-range commitment to the global marketplace, with over 50
networks in more than 130 countries reaching almost 400 million
households worldwide. SPTI is a Sony Pictures Entertainment
company. 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 the anticipated benefits of the
agreement between Sony Pictures Television International and DivX,
DivX�s customers and shareholders, activities expected to occur in
connection with the agreement, the expected increase to DivX�s
market opportunity and potential consumer electronics licensing
revenue, and the acceleration of penetration in key emerging
product categories. 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: risks that the anticipated benefits of the Sony
Pictures Television International agreement may not materialize to
the extent expected, or at all; risks related to the uncertainty
surrounding DivX�s success in developing strategic partnerships
with online retailers; 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 DivX�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 most recent report filed with the Securities and Exchange
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.
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