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.
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.