DivX, Inc., a technology company, today announced that the company has made significant progress extending the DivX Certification™ program to digital televisions from a variety of manufacturers that will enable consumers to easily enjoy high-quality video they create on their PC or discover on the Internet from the comfort of the home theater.
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. The company has extended its ecosystem into digital televisions with over 80 models certified from major brands such as LG and HP that allow consumers to easily play back their content via USB storage devices that plug directly into the televisions. Various models also enable content to be streamed directly from Internet services.
DivX is also working with leading chip providers such as AMD, Chips and Media, Broadcom, and Trident to extend support for DivX on digital television platforms. By working with these major chip providers, DivX continues to emerge as a prominent digital video standard with significant market presence for next generation entertainment across digital televisions.
"The market for televisions is changing rapidly as entertainment is increasingly consumed through digital formats and consumers begin to look for solutions that connect their living room with a high-quality digital experience," said Kurt Scherf, Vice President, Principal Analyst, Parks Associates. "Given its steady adoption rate within this market, DivX is well positioned to capitalize on this shift and secure a significant share of the business."
"DivX is powering a seamless digital video experience that enables consumers to enjoy high-quality video on any kind of device, and next-generation digital televisions are a very important part of that ecosystem," said Kevin Hell, Chief Executive Officer of DivX, Inc. "With our strong partnerships and clear consumer demand, we are set to replicate the considerable success we've seen in the DVD market with digital televisions from our partners."
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.
About DivX, Inc.
DivX, Inc. (divx.com) 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.
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 annual report on Form 10-K filed with the SEC on March 17, 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.