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Keep up with the latest news and announcements from DivX and NeuLion.

NeuLion to Acquire DivX, a Leading Provider of Next-Generation Digital Video Solutions

Transaction Creates Online Video Powerhouse Perfectly Positioned to Take Full Advantage of Accelerating Adoption of 4K Video and OTT Services
NeuLion to Strengthen Management Team
Globalizes NeuLion’s Reach

PLAINVIEW, NY—January 5, 2015 – NeuLion, Inc. (TSX: NLN), the leading enabler and provider of live and on-demand content to Internet-connected devices, has signed a definitive agreement to acquire DivX LLC, a leading provider of next-generation digital video solutions.

The transaction will place the combined company at the forefront of the global shift to 4K video and Over-The-Top services in the fast-growing online video market. According to Futuresource Consulting, 4K adoption is forecast to grow quickly from 2015 onward with over 100 million shipments projected in 2018, representing 38% of the total TV market. As live and on-demand secured streaming of content continues to move to digital platforms, NeuLion and DivX together will be a leader in the space from both a technology platform and consumer experience perspective. Bringing together NeuLion’s managed services and DivX’s technology products, NeuLion will be able to give customers the choice of either building and managing digital video platforms internally or licensing a fully integrated managed services solution.

“By delivering interactive viewing experiences to consumers watching live and on-demand content on digital platforms, from desktop to mobile to connected devices, NeuLion has built a roster of the best known brands in professional and college sports and TV Everywhere, such as NFL, NHL, NBA, UFC, Rogers and CCTV. Now, we are extending our franchise and bolstering our capabilities with our acquisition of DivX’s entertainment and consumer electronics customers, advanced 4K video enabling technology products and expansive geographic reach,” said Nancy Li, chief executive officer of NeuLion.

Added Kanaan Jemili, DivX’s chief executive officer, “As a leading provider of next-generation digital video technologies for Over-The-Top services across consumer electronics devices and mobile platforms, DivX has licensed its technology to global brands spanning consumer electronics manufacturers, entertainment content rights holders and cable network operators, such as LG, Samsung, Toshiba and Hisense. With our recently introduced end-to-end HEVC solution, DivX is helping to drive adoption of 4K video and live streaming. We are excited about the opportunity to extend our reach into the global marketplace while we continue to create technologies that bring high quality viewing experience to digital media consumers.”

Expanded Management Team with Global Reach
Upon closing of the transaction, Nancy Li, NeuLion’s chief executive officer, will become executive vice chairman of the NeuLion board of directors and will drive the technology vision for the company, and Kanaan Jemili, DivX’s chief executive officer, will be appointed chief executive officer of NeuLion. The management teams and employees of both companies will be combined. NeuLion will now have offices and sales reach throughout North America, Europe and Asia.

Expanded Board of Directors
Upon closing of the transaction, James Hale, DivX’s chairman and managing partner at Parallax Capital Partners, LLC, and John Coelho, a member of DivX’s board of directors and partner at StepStone Group LP, will join the NeuLion board of directors. As a result, NeuLion will expand its board to 11 seats.

Terms of the Transaction
Under the terms of the definitive agreement, the total value of the transaction is approximately $62.5 million, consisting of $37.5 million in shares of NeuLion common stock and a $25 million two-year convertible note, subject to working capital adjustments. At closing, NeuLion will issue 35,890,216 shares of common stock at a set price of approximately $1.045 per share based on the five-day VWAP for the stock as of the market close on December 24, 2014. NeuLion management expects the transaction to be accretive on a GAAP operating income basis for 2016 and immediately accretive on a non-GAAP adjusted EBITDA basis. For the six-month period ended September 30, 2014, the period DivX has been a stand-alone private company, DivX had estimated GAAP unaudited revenues of $10.8 million and estimated non-GAAP revenues of $26.6 million, and an estimated GAAP unaudited consolidated net loss of $7.4 million and non-GAAP Adjusted EBITDA of $3.5 million. A reconciliation of the GAAP to non-GAAP figures can be found in a table at the end of this release.

The transaction, which has been approved by the boards of directors of NeuLion and DivX, is expected to close in the first quarter of calendar 2015 subject to customary closing conditions.

Needham & Company provided a fairness opinion to NeuLion’s board of directors.

About NeuLion
NeuLion, Inc. (TSX: NLN) offers the true end-to-end solution for delivering live and on-demand content to Internet-enabled devices. NeuLion enables content owners and distributors, cable operators and telecommunications companies to capitalize on the massive consumer demand for viewing video content on PCs, smartphones, iPads and other similar devices. NeuLion’s customers include major entertainment, sports, global content and news companies. NeuLion is based in Plainview, NY. For more information about NeuLion, visit www.neulion.com.

About DivX, LLC

DivX, LLC, is leading the way to better, more seamless consumer video experience by powering the professional creation, protected distribution and high-quality playback of highly efficient video to multiple devices and platforms. DivX, along with its subsidiary MainConcept, offers service providers, device manufacturers and integrators technologies that address the entire video supply chain with solutions for software applications, OTT content services and consumer electronics devices. Over 1 billion DivX enabled devices have shipped worldwide from major manufacturers and DivX consumer software products have been downloaded over 1 billion times. DivX is based in San Diego, CA, with offices across Europe and Asia. For more information on the company, visit www.divx.com/company.

Forward-Looking Statements

Certain statements herein are forward-looking statements and represent NeuLion’s current intentions in respect of future activities. Forward-looking statements can be identified by the use of the words “will,” “expect,” “seek,” “anticipate,” “believe,” “plan,” “estimate,” “expect,” and “intend” and statements that an event or result “may,” “will,” “can,” “should,” “could,” or “might” occur or be achieved and other similar expressions. These statements, in addressing future events and conditions, involve inherent risks and uncertainties. Although the forward-looking statements contained in this release are based upon what management believes to be reasonable assumptions, NeuLion cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this release and NeuLion assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law. Many factors could cause NeuLion’s actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including: our ability to derive anticipated benefits from the acquisition of DivX, LLC; our ability to successfully integrate the operations of DivX, LLC; our ability to realize some or all of the anticipated benefits of our partnerships; general economic and market segment conditions; our customers’ subscriber levels and financial health; our ability to pursue and consummate acquisitions in a timely manner; our continued relationships with our customers; our ability to negotiate favorable terms for contract renewals; competitor activity; product capability and acceptance rates; technology changes; regulatory changes; foreign exchange risk; interest rate risk; and credit risk. These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements. A more detailed assessment of the risks that could cause actual results to materially differ from current expectations is contained in the “Risk Factors” section of NeuLion’s Annual Report on Form 10-K for the fiscal year ended December 31, 2013, which is available on www.sec.gov and filed on www.sedar.com.
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Press Contact for NeuLion:
Chelsea Nunn
516-622-8381
chelsea.nunn@neulion.com

Investor Relations Contact for NeuLion:
LHA
Stephanie Prince/Jody Burfening
(212) 838-3777
sprince@lhai.com


Press Contact for DivX:

Tom Huntington
619-743-9057
tom.huntington@divx.com

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GoLive Selects DivX® OmniView™ to Power its Global OTT Entertainment Service to Smart TVs

GoLive Movie to utilize complete DivX solution, including content preparation, DivX DRM and secure multiscreen playback on Android Smart TVs

LAS VEGAS, NV, January 5, 2015—DivX, LLC, a leading provider of next-generation digital video solutions, today announced that GoLive Movie, a new international video entertainment service, has selected its DivX® OmniView™ solution to power the secure delivery of high-quality, on-demand premium movie content to smart TVs. The new GoLive Movie service will first be available on television sets from TCL.

GoLive offers viewers a diverse selection of content, including television programming and on-demand movies for viewing on virtually any connected TV, phone or tablet. By selecting DivX DRM and adaptive bitrate streaming technology, the service ensures an optimized viewing experience to suit a range of Internet speeds. With an initial launch in China, the company plans to further extend the GoLive Movie service to a worldwide audience in 2015.

DivX OmniView technology enables secure video distribution and playback across multiple screens, including Android, iOS, Web, PCs, Smart TVs and set-top boxes. With support for video up to 4K and advanced streaming features, such as multi-language subtitles, chapter points and smooth trick play, DivX enables Over-The-Top (OTT) services to differentiate their experience as well as reduce operating costs using HEVC and DASH. In addition, DivX has been approved by the Digital Entertainment Content Ecosystem (DECE) for use with UltraViolet™ services. With a base of over 1 billion DivX Certified® devices, the DivX OmniView solution helps content providers and operators extend the reach of their services to multiple screens and broaden their subscriber base.

“Our secure DivX Plus Streaming® technology coupled with our proven DRM and content preparation tools offer a complete package for GoLive and other OTT service providers interested in launching a multiscreen video service,” said DivX President and CEO Dr. Kanaan Jemili. “DivX® OmniView™ enables customers like GoLive to deliver premium-quality content, securely, to multiple devices,” he added.

“GoLive is pleased to partner with DivX and to employ the DivX® OmniView™ solution to deliver a premium movie experience on connected TVs. Consumers have a desire to watch new movies on their TVs, and DivX® helps us to securely deliver the latest cinema content to homes to meet their needs,” said Reagon Cui, COO of GoLive.

By utilizing DivX OmniView for OTT video delivery, GoLive Movie lets consumers watch new releases at home at an affordable price, while creating a new monetization opportunity for content producers through access to millions of screens. GoLive Movie is the first video service in China to be powered by the DivX OmniView solution.

Visit DivX at 2015 International CES (South Hall, #31650) from January 6 to January 9 to see a GoLive Movie demonstration. DivX will also exhibit at the CES ShowStoppers event, giving editors and industry analysts an exclusive, in-depth look at the company’s product portfolio. ShowStoppers is being held at the Wynn Hotel on Tuesday, January 6, from 6-10p.m.

The 2015 International CES Show will have more than 3,500 exhibitors, including manufacturers, developers, and suppliers of consumer technology hardware, content, and technology delivery systems. The conference program will include 250 sessions. CES draws more than 150,000 attendees from more than 140 countries annually.

NOTE TO EDITORS: If you would like to book a media briefing with DivX at CES or at ShowStoppers, please contact Segolene Roche at segolene@platformpr.com (EMEA and APAC) or Alicia Root at alicia@platformpr.com (US).

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About DivX, LLC
DivX, LLC, is leading the way to better, more seamless consumer video experience by powering the professional creation, protected distribution and high-quality playback of highly efficient video to multiple devices and platforms. DivX, along with its subsidiary MainConcept, offers service providers, device manufacturers and integrators technologies that address the entire video supply chain with solutions for software applications, OTT content services and consumer electronics devices. Over 1 billion DivX enabled devices have shipped worldwide from major manufacturers and DivX consumer software products have been downloaded over 1 billion times. DivX is based in San Diego, CA, with offices across Europe and Asia. For more information on the company, visit www.divx.com/company.

About GoLive
GoLive is a revolutionary international video entertainment platform that delivers a diverse selection of content from all over the world to virtually any connected TV, phone, tablet, or box. Our unique technology ensures an optimized viewing experience that is adapted to suit a range of internet speeds, broadcasting high-quality streams of the programs and events you want on whatever device you choose, whichever country you’re in. GoLive Movie provides a new channel for monetizing content, giving producers access to millions of screens worldwide. Users can view new releases from the comfort of their homes at an affordable price.

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DivX Exhibits Solutions for High-Quality & Secure OTT Video Delivery, Playback, and Distribution at 2015 International CES Show

Company will demonstrate its DivX® OmniView™ solution to enable production and secure distribution of DASH-compliant live and on-demand over-the-top video up to 4K

SAN DIEGO, CA, December 4, 2014DivX, LLC, a leading provider of next-generation digital video solutions, will exhibit a number of solutions for the preparation, delivery, playback and sharing of high-quality multiscreen DivX® video up to 4K at the upcoming 2015 International CES Show, taking place January 6-9, 2015 at the Las Vegas Convention Center in Las Vegas, NV. DivX (South Hall, booth #31650) will demonstrate how its solutions, including the DivX® OmniView™ suite of over-the-top (OTT) delivery products, and a new 4K video sharing offering, can help consumers maximize the benefits of consuming, distributing, and sharing video entertainment across multiple screens. DivX will also show how its advancements in HEVC, 4K and live streaming are making quantum leaps in video delivery and consumption in areas such as the cloud, OTT and multiscreen.

“DivX® consumers and customers alike are demanding better video quality. A crucial element to meeting these demands is the HEVC standard, with its improved compression rates and ability to deliver Blu-ray-like quality video. HEVC will be a key enabler driving 4K content delivery, over-the-top or through the cloud, to all screens,” said DivX President & CEO Kanaan Jemili, Ph.D.

“At CES, our DivX® OmniView™ suite of products will demonstrate how we’re making the efficiency and quality gains of the HEVC codec available to consumers by delivering high-quality video across multiple screens without compromising security or visual quality. CES is an invaluable opportunity for us to network with our customers and show them how our unique technologies continue to define video delivery across the Internet and multiple devices,” he added.

Attendees to the DivX booth will receive in-person, hands-on demonstrations of the following solutions:

  • DivX® OmniView™Launched at IBC in September 2014, this suite of products for OTT video delivery includes video encoding and packaging, Hollywood-approved DivX® DRM technology and secure players for multiple devices and platforms, including iOS, Android, Smart TVs and PCs. DivX will demonstrate a new Asia-based OTT service on Android Smart TVs and its latest solutions for in-flight video-on-demand.
  • 4K Content Delivery Solution – For CE brands seeking Hollywood 4K movies to ship with TVs, this exhibition puts on display the DivX DRM and secure playback technologies that enable premium content bundling with, and streaming to, currently shipping UHD TVs from the world’s largest device manufacturers, including LG. Demonstrations will include a premium 4K bundle, and an independent content 4K streaming service.
  • DivX 4K Live – The latest DivX profile will enable Secure Live DASH-compliant OTT video streaming to UHD TVs, tablets and the web at up to 4K resolutions.
  • A new solution for 4K personal media that supports ‘create once, share high-quality 4K video anywhere’ using the cloud. This new solution will allow consumers to capture and upload media into the DivX cloud, create private groups for sharing, and play content from the cloud to any DivX Certified® device.

DivX will also exhibit at the CES ShowStoppers event, giving editors and industry analysts an exclusive, in-depth look at the company’s product portfolio. ShowStoppers is being held at the Wynn Hotel on Tuesday, January 6, from 6-10p.m.

The 2015 International CES Show will have more than 3,500 exhibitors, including manufacturers, developers, and suppliers of consumer technology hardware, content, and technology delivery systems. The conference program will include 250 sessions. CES draws more than 150,000 attendees from more than 140 countries annually.

NOTE TO EDITORS: If you would like to book a media briefing with DivX at CES or at ShowStoppers, please contact Segolene Roche (EMEA and APAC) or Alicia Root (US).

Additionally, DivX CEO Kanaan Jemili will take part in the “OTT Practical Wisdom II: All about Live and On-Demand Productions Online” panel at the TV of Tomorrow Show, taking place from 4:35-5:30 p.m. on December 9, 2014, at the SVA Theatre in New York City. To meet with Kanaan Jemili at the TV of Tomorrow Show, please contact Alicia Root (US) or Segolene Roche (EMEA and APAC).

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About DivX, LLC
DivX, LLC, is leading the way to better, more seamless consumer video experience by powering the professional creation, protected distribution and high-quality playback of highly efficient video to multiple devices and platforms. DivX, along with its subsidiary MainConcept, offers service providers, device manufacturers and integrators technologies that address the entire video supply chain with solutions for software applications, OTT content services and consumer electronics devices. Over 1 billion DivX enabled devices have shipped worldwide from major manufacturers and DivX consumer software products have been downloaded over 1 billion times. DivX is based in San Diego, CA, with offices across Europe and Asia. For more information on the company, visit www.divx.com/company.

Platform PR Media Contacts:
For EMEA & APAC: Segolene Roche, +44 (0)20 7486 4900, segolene@platformpr.com
For US: Alicia Root, +1 (415) 370-6444, alicia@platformpr.com

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DivX® Addresses the Challenges and Opportunities of 4K at 2014 Streaming Media West Panel Session

SAN DIEGO, CA, November 11, 2014DivX, LLC, a leading provider of next-generation digital video solutions, will participate in “The 4K Ecosystem: Opportunities and Challenges in the 4K Workflow” panel session at the 2014 Streaming Media West conference being held November 18-19 at the Hyatt Regency in Huntington Beach, CA. In the session, DivX President & CEO Kanaan Jemili, Ph.D., will draw upon the company’s expertise in multi-screen video delivery to discuss how service providers can embrace the 4K opportunity while addressing the key challenges of delivering 4K streams across the entire workflow and supply chain.

During the panel discussion, Jemili will highlight key elements and challenges of 4K content creation, protection and delivery, along with the 4K timeline, real dates for 4K deployment and how OTT 4K streaming compares to other delivery methods, including physical media and 4K over pay TV.

“The advent of 4K is only going to fuel the accelerating consumer demand for high-quality content any time, anywhere,” said Jemili. “That’s why it’s critical to address some of the most pressing issues in the over-the-top (OTT) delivery of 4K content now, from standardizing the content experience across multiple devices to content protection and beyond.”

During the session, Jemili will offer insight gleaned from DivX’s leading position as a technology enabler of secure OTT delivery across multiple screens to provide real-world solutions to the challenges of 4K streaming. DivX is the developer of DivX® OmniView™, an end-to-end solution enabling pay TV operators, broadcasters and service providers to create, distribute and playback secure OTT video across an array of screens, including web, mobile, smart TVs, and set-top boxes.

“With the DivX® OmniView™ solution, we’re delivering a unique set of technologies that enable OTT services and platforms to differentiate their services, reduce costs and expand their audiences,” said Jemili. “Its development has given DivX tremendous insight into the changing landscape of the viewing experience, including the delivery of OTT 4K streaming content. We are grateful to have the opportunity to share our experience and expertise with Streaming Media West 2014 attendees.”

“The 4K Ecosystem: Opportunities and Challenges in the 4K Workflow” panel discussion will take place on Tuesday, November 18, from 10:30-11:15 a.m. (PT).

The 2014 Streaming Media West show will feature 100-plus speakers across more than 40 sessions and workshops. For more information, visit: http://www.streamingmedia.com/west.

NOTE TO EDITORS: If you would like to book a media briefing with DivX CEO Kanaan Jemili, Ph.D., at Streaming Media West, please contact Segolene Roche at segolene@platformpr.com (EMEA and APAC) or Alicia Root at alicia@platformpr.com (US).

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About DivX, LLC
DivX, LLC, is leading the way to better, more seamless consumer video experience by powering the professional creation, protected distribution and high-quality playback of highly efficient video to multiple devices and platforms. DivX, along with its subsidiary MainConcept, offers service providers, device manufacturers and integrators technologies that address the entire video supply chain with solutions for software applications, OTT content services and consumer electronics devices. Over 1 billion DivX enabled devices have shipped worldwide from major manufacturers and DivX consumer software products have been downloaded over 1 billion times. DivX is based in San Diego, CA, with offices across Europe and Asia. For more information on the company, visit www.divx.com/company.

Platform PR Media Contacts:
For EMEA & APAC: Segolene Roche, +44 (0)20 7486 4900, segolene@platformpr.com
For US: Alicia Root, +1 (415) 370-6444, alicia@platformpr.com

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Keep up with the latest news and announcements from DivX and NeuLion.

Konka Chooses DivX® HEVC Technology to Power High-Quality 4K Video Experience on Televisions

License Agreement Renewal Extends DivX Brand Presence in China Consumer Electronics Market

SAN DIEGO, CA, October 15, 2014—DivX, LLC, a leading provider of next-generation digital video solutions, and Konka Group, one of China’s leading TV manufacturers, today announced that the two companies will work together to implement DivX® HEVC Ultra HD (4K) technology across Konka’s line of 4K digital televisions.

Konka is the latest consumer electronics manufacturer to adopt DivX HEVC technology, which enables 4K video content at highly efficient file sizes that can be transferred over the Internet. DivX is a leader in bringing the new HEVC video standard (also referred to as H.265) to the global market, offering the first widely available consumer software tools for the creation of Ultra HD video content to help drive the emerging next-generation video ecosystem, as well as the DivX Certified® Program for DivX HEVC to accelerate HEVC adoption in hardware devices.

“4K video offers a huge leap forward in quality, and companies like Konka are at the forefront of bringing a great 4K playback experience to consumers,” said Dr. Kanaan Jemili, CEO of DivX, LLC. “DivX HEVC technology lets consumers easily create and playback stunning 4K video at highly efficient file sizes, for an easy, real-world experience that delivers on the promise of next-generation technology.”

“The DivX HEVC solution complements our 4K digital televisions perfectly by enabling the seamless playback of extremely high-quality video at manageable file sizes,” said Konka company spokesperson. “DivX continues to be a leader in next-generation video technology and we’re pleased to continue our mutually beneficial partnership.”

The end-to-end DivX HEVC solution is designed to accelerate the adoption of the latest compression standard across the entire video distribution system. DivX Certified devices for HEVC will support DivX DRM and an advanced feature set for media playback including multi-language subtitles and audio tracks, trick-play track for smooth fast forward and rewind, chapter points for quick scene navigation, and resume playback across devices. DivX recently received a 2014 Best Ultra HD Codec award from Ultra HDTV Magazine for its DivX 10 software and MainConcept® HEVC SDK.

About DivX, LLC

DivX, LLC is leading the way to better, more seamless consumer video experience by powering the professional creation, protected distribution and high-quality playback of highly efficient video to multiple devices and platforms. DivX, along with its subsidiary MainConcept, offers service providers, device manufacturers and integrators technologies that address the entire video supply chain with solutions for software applications, OTT content services and consumer electronics devices. Over 1 billion DivX enabled devices have shipped worldwide from major manufacturers and DivX consumer software products have been downloaded over 1 billion times. DivX is based in San Diego, CA, with offices across Europe and Asia. For more information on the company, visit www.divx.com/company.

About Konka

Established in 1980, Konka Group is China’s first Sino-foreign joint consumer electronics enterprise. In 1992, the company’s A-share and B-share were listed on the Shenzhen Stock Exchange. Now Konka has total assets of 9.3 billion, net assets of 3.7 billion, total capital of 1.2 billion shares, with large-scale central enterprises – Overseas Chinese Town (OCT) Group as its largest shareholder. Konka Group owns a wide and sound marketing network by establishing over 50 subsidiaries, hundreds of sales offices and more than 3,000 service outlets. Overseas, its business network covers more than 100 countries and regions. Total number of users achieves 100 million globally. “KONKA” trademark has been certified by the state as “Chinese Famous Trademark”, and selected as “Most Valuable Chinese Brand” for many consecutive years. Its brand value is now more than 15.1 billion.