Warner Bros. Licenses Content for Distribution on DivX Certified® Consumer Electronics Devices
October 14 2008 - 8:01AM
Business Wire
DivX, Inc. (NASDAQ:DIVX) and Warner Bros. Entertainment today
announced an agreement that will enable online retailers to offer
Warner Bros. titles in the high-quality DivX� standard definition
format in October 2008 and high definition format in September 2009
for playback on DivX Certified� consumer electronics devices. The
wide-ranging agreement covers all titles available for digital
distribution in the Warner Bros. catalogue including current and
back-catalogue major motion pictures and television programs. All
titles offered in the DivX format are compatible with a variety of
DivX Certified devices from major consumer electronics brands,
including DVD players, Blu-ray devices, gaming consoles and more.
The agreement allows retailers who sign additional agreements with
DivX and Warner Bros. to offer Warner titles in the DivX digital
media format. �Using the DivX secure format is in keeping with our
overall digital distribution strategy,� said Jim Wuthrich, Senior
Vice President, Warner Bros. Digital Distribution. �The visual
quality, security and widespread interoperability of the DivX
format offers an excellent means for consumers to enjoy Warner
Bros.� content whenever and wherever they desire.� �Warner Bros.
offers an extremely compelling catalogue of premium, high-quality
content enjoyed by consumers all over the world,� said Kevin Hell,
CEO of DivX, Inc. �We�re very excited to work together to offer
consumers premium content on any DivX device, from the PC to the
living room and on the go.� For more information about DivX, visit
www.divx.com. To learn more about Warner Bros. Entertainment visit
www.warnerbros.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 Warner Bros. Digital Distribution Warner Bros.
Digital Distribution (WBDD) was founded in October 2005 to manage
Warner Bros. Home Entertainment Group�s electronic distribution
streams over existing, new and emerging digital platforms,
including pay-per-view, electronic sell-through, transactional
video-on-demand, subscription video-on-demand, wireless and more.
WBDD also oversees the WBHEG�s worldwide digital strategy,
partnerships in digital services and emerging new clients and
business activities in the digital space. About Warner Bros. Home
Entertainment Group Warner Bros. Home Entertainment Group brings
together Warner Bros. Entertainment's home video, digital
distribution, interactive entertainment/videogames, direct-to-DVD
production, technical operations and anti-piracy businesses in
order to maximize current and next-generation distribution
scenarios. WBHEG is responsible for the global distribution of
content through DVD, electronic sell-through and transactional VOD,
and delivery of theatrical content to wireless and online channels,
and is also a significant worldwide publisher for both internal and
third party videogame titles. 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 any anticipated
benefits from the agreement between Warner Bros. and DivX, Inc. and
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 August
8, 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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