Samsung and DivX Announce Agreement to Add DivX Video Support to Leading Line of Digital Televisions
October 15 2008 - 8:00AM
Business Wire
DivX, Inc. (Nasdaq:DIVX) and Samsung Electronics Co., Ltd. today
announced a multiyear agreement to add high-quality DivX� video
playback to a number of Samsung digital television models. The DivX
Certified Samsung devices are expected to be available in worldwide
markets beginning in early 2009, and will be able to playback DivX
media files directly via USB slots or via Ethernet connection
certified by DLNA. The new devices will join a range of existing
DivX Certified products from Samsung, including DVD players, mobile
phones and more. DivX is a high-quality digital video technology
that allows consumers to create and watch content on the PC, living
room and on the go. Over 100 million DivX Certified� devices have
already shipped worldwide from major manufacturers, including DVD
players, mobile phones and gaming consoles. �As an innovator in the
consumer electronics space, Samsung has already embraced DivX
functionality in a wide variety of products and we�re pleased to
extend our already strong relationship to the digital television
category,� said Kevin Hell, CEO of DivX, Inc. �DivX Certified
digital televisions enable consumers to easily enjoy the
high-quality content they create or discover on the PC in a true
home theatre environment.� �We are dedicated to providing the most
compelling media experience through Samsung TV and AV devices. The
addition of DivX support to our line of digital televisions will
significantly enhance the consumer experience,� said Kyungshik Lee,
Vice President of Visual Display Division at Samsung Electronics.
Products that bear the DivX Certified� logo have undergone a
rigorous testing program to ensure a high-quality DivX media
experience. 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 Samsung Electronics
Samsung Electronics Co., Ltd. is a global leader in semiconductor,
telecommunication, digital media and digital convergence
technologies with 2007 consolidated sales of US$103.4 billion.
Employing approximately 150,000 people in 134 offices in 62
countries, the company consists of four main business units:
Digital Media Business, LCD Business, Semiconductor Business, and
Telecommunication Business. Recognized as one of the fastest
growing global brands, Samsung Electronics is a leading producer of
digital TVs, memory chips, mobile phones and TFT-LCDs. For more
information, please visit www.samsung.com. 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; risks regarding DivX's dependence on its licensees and
partners; risks related to 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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