DivX and Sonic Solutions Announce Strategic Partnership to Enable the Future of Digital Video Distribution
December 16 2009 - 8:00AM
PR Newswire (US)
End-to-end Platform to Deliver Premium Entertainment to Millions of
DivX(R) CE Devices NOVATO, Calif. and SAN DIEGO, Dec. 16
/PRNewswire-FirstCall/ -- Sonic Solutions® (NASDAQ:SNIC) and DivX,
Inc. (NASDAQ:DIVX), a leading digital media company, today
announced a partnership to enable the digital distribution of a
broad catalogue of high-quality, premium movie titles compatible
with DivX Certified® consumer electronics devices from all major CE
brands. In the initial stage of the partnership, Sonic Solutions
will make movies available for download in the DivX® format,
launching tomorrow via http://www.divx.cinemanow.com/. (Logo:
http://www.newscom.com/cgi-bin/prnh/20081124/DIVXLOGO) Sonic's
Roxio CinemaNow(TM) powers digital entertainment retail stores for
Best Buy and Blockbuster sites, among others, and has established a
leadership position in the delivery and management of premium
digital video content. DivX has worked with an array of global
partners to create a vast ecosystem of consumer electronics devices
from major OEMs that playback secure, premium content in the DivX
format. Together, the two companies can enable retailers to offer a
full solution for the end-to-end distribution of high-quality
digital video content that consumers can enjoy beyond the PC
through virtually any kind of consumer electronics product, from
DVD players to Blu-ray devices, gaming consoles, digital
televisions and mobile phones. "DivX has created an unparalleled
ecosystem of devices, with technology integration at the chip
level, and full device certification to ensure secure, high-quality
playback. We've also secured format approval covering an extensive
catalogue of premium content from select major studios that are
compatible with those devices. Roxio CinemaNow has built a robust
digital distribution business and an online storefront that lets
retailers like Blockbuster and Best Buy launch consumer offerings.
Together, we offer an end-to-end supply chain for the delivery of
premium digital video that we believe will pave the way for the
future of digital distribution," said Kevin Hell, Chief Executive
Officer of DivX, Inc. DivX technology is incorporated in more than
200 million DivX devices that have shipped into the market from
major consumer electronics manufacturers, including DVD players,
digital TVs, gaming consoles, Blu-ray disc players, and portable
DVD players. Consumers are free to transfer their DivX movies via
DVDs, USB drives, SD memory cards, and portable hard drives, or
stream content over a home network for playback on their registered
DivX Certified devices. "DivX has long been the leader in the
development and deployment of exceptional digital video technology
for consumers," said Dave Habiger, president and CEO, Sonic
Solutions. "With millions of DivX enabled devices shipped into the
market and strong consumer interest in the format, we look forward
to working with DivX to enhance our Roxio CinemaNow entertainment
platform and the digital home entertainment experience for
consumers." The Roxio CinemaNow entertainment platform serves a
broad range of premium content to a growing, multi-manufacturer
ecosystem of home and mobile electronics including PCs, connected
TVs, set-top DVRs, Blu-ray Disc players, smart phones, and mobile
media devices. The platform enables retailers and consumer
electronics companies to participate in the entertainment supply
chain, add value to product offerings and form ongoing
relationships with customers. About DivX DivX, Inc. is a leading
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 200
million DivX 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 Sonic Solutions Sonic Solutions®
(NASDAQ:SNIC) is powering the digital media ecosystem through its
complete range of Hollywood to Home(TM) applications, services, and
technologies. Sonic's Roxio® products enable consumers to easily
manage and enjoy personal digital media content as well as premium
Hollywood entertainment on a broad range of connected devices. A
wide array of leading technology firms, professionals, and
developers rely on Sonic to bring innovative digital media
functionality to next-generation devices and platforms. Sonic
Solutions is headquartered in Marin County, California. Forward
Looking Statements This release may contain forward looking
statements that are based upon current expectations, including the
launch, distribution, and market acceptance of Roxio
CinemaNow-powered services. Actual results could differ materially
from those projected in the forward looking statements as a result
of various risks and uncertainties, including those discussed in
Sonic Solutions' annual and quarterly reports on file with the
Securities and Exchange Commission. This press release should be
read in conjunction with Sonic Solutions' most recent annual report
on Form 10-K, Form 10-Q and other reports on file with the
Securities and Exchange Commission, which contain a more detailed
discussion of the Company's business including risks and
uncertainties that may affect future results. Sonic Solutions does
not undertake to update any forward looking statements. Sonic, the
Sonic logo, Sonic Solutions, Roxio, CinemaNow, and Hollywood to
Home, are trademarks or registered trademarks owned by Sonic
Solutions in the United States and/or other countries. All other
company or product names are trademarks of their respective owners
and, in some cases, are used by Sonic Solutions under license.
Specifications, pricing and delivery schedules are subject to
change without notice. 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, DivX's ability to make premium
content available to consumers through digital distribution and the
timing of the launch of DivX content on a partner site. 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 related to DivX's ability to make
additional premium content available to consumers through digital
distribution; risks that the launch of DivX content on a partner
site referred to in this press release may occur later than
anticipated, or may never occur; risks regarding the effects of
competition; the risk of 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. 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.
http://www.newscom.com/cgi-bin/prnh/20081124/DIVXLOGO
http://photoarchive.ap.org/ DATASOURCE: DivX, Inc. CONTACT:
Jennifer Baumgartner, +1-503-901-5371, , or Karen Fisher,
+1-858-882-6415, , both for DivX, Inc.; or Chris Taylor,
+1-408-367-5231, of Sonic Solutions. Web Site: http://www.divx.com/
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