DivX and CinemaNow to Expand Premium Content Delivery to New Consumer Electronics Devices
July 29 2008 - 8:00AM
Business Wire
DivX, Inc. (NASDAQ:DIVX), a digital media company, and CinemaNow,
the digital entertainment innovator in delivering high-quality
Hollywood movies and TV shows across multiple platforms, today
announced an agreement that will allow CinemaNow to offer users the
ability to download premium content in the high-quality DivX�
format and play back those titles on the PC, as well as a range of
DivX Certified� consumer electronics devices from major
manufacturers, including DVD players, mobile devices and more.
�CinemaNow is the pioneer in the area of online distribution,
consistently offering users new and innovative ways to access and
enjoy a wide variety of digital video content,� said Kevin Hell,
CEO of DivX, Inc. �By working with DivX, CinemaNow can further
extend their premium download experience to additional consumer
electronic devices from the world�s leading manufacturers,
including DVD players in the living room, mobile phones on the go,
and gaming platforms.� �DivX offers an easy way to transfer secure,
high-quality digital video content from the PC to the living room
and mobile devices,� said David Cook, president and COO of
CinemaNow. �By working together, we can extend the premium online
experience to the broadest range of platforms and devices in the
marketplace, further delivering on the CinemaNow mission to empower
consumers to enjoy digital entertainment anytime and anywhere.� The
two companies will work together to integrate DivX technology into
the CinemaNow offering, and CinemaNow will work with content
providers to secure the availability of content in the DivX format
for the prospective service. For more information on DivX, visit
www.divx.com. To learn more about CinemaNow, visit
www.cinemanow.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 CinemaNow CinemaNow, Inc. (www.cinemanow.com)
is an innovator in digital entertainment technology, delivering
high-quality Hollywood movies, TV shows and music videos to users
across multiple platforms. Founded in 1999, CinemaNow has partnered
with some of the biggest brands in consumer electronics and digital
entertainment including ARCHOS, DivX, EchoStar Communications,
Hewlett-Packard, Macrovision, Microsoft, Samsung, Sonic Solutions
and Technicolor to deliver thousands of video titles directly to
consumers. CinemaNow works with more than 250 licensors including
20th Century Fox, Disney, EMI, HDNet, IFC, Lionsgate, MGM, Miramax,
NBC Universal, Paramount Pictures, Sony, Sundance Channel, Vivendi
Entertainment and Warner Bros. 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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