DivX Continues Momentum in Blu-ray Category with New DivX Certified(R) Player from Panasonic
July 24 2008 - 8:00AM
Business Wire
DivX, Inc. (NASDAQ: DIVX), a digital media company, today announced
the DivX Certification� of a new Blu-ray Disc (BD) Player from
Panasonic, the DMP-BD50. The DMP-BD50 is the first DivX Certified�
Blu-ray model to be shipped to the U.S. market and will also be
distributed throughout Europe. DivX has currently certified 19
stand-alone Blu-ray models. The DMP-BD50 is the newest Blu-ray
player in Panasonic�s line, preceded by the DMP-BD30, to offer a
high-quality DivX� digital video experience. The DMP-BD50 is
Panasonic�s third generation Blu-ray player, offering the new
BD-Live function which allows consumers to enhance their
entertainment experience through the Internet. Consumers will be
able to play back DivX video stored on CD-R or DVD-R, transferring
content from the PC to the home theater. Panasonic�s DMP-BD50 adds
to the increasing number of DivX Certified Blu-ray players and over
100 million other DivX Certified devices that have been shipped by
DivX licensees into the market, including digital televisions,
set-top boxes, in-car multimedia players, mobile phones, and
digital cameras. �There has been consistent consumer demand for
products that support DivX video and the feature has significantly
enhanced our product offerings, differentiating us from our
competitors,� said Kazuhiko Nakamura, Group Manager of Product
Technology, Video Business Unit, Network Business Group, Panasonic
AVC Networks Company, Matsushita Electric Industrial Co., Ltd. �We
are pleased to continue working with DivX in offering consumers a
quality solution for their digital needs.� �DivX is dedicated to
bringing a high-quality digital experience to any device and we are
thrilled to continue this drive within the Blu-ray market by
extending DivX Certification to the Panasonic DMP-BD50,� said Kevin
Hell, Chief Executive Officer, DivX, Inc. �We have achieved
considerable success in the DVD category, becoming a standard
checklist feature.� 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 Certification, visit
www.divx.com/certification. 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 most recent report filed with the Securities and Exchange
Commission on May 12, 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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