DivX 4K solution available for demonstration at the NAB Show
PLAINVIEW, NY, April 13, 2015— NeuLion, Inc. (TSX: NLN) a leading enabler and provider of live and on-demand content to Internet-connected devices, announced that it has renewed the license agreement with LG Electronics to integrate the DivX® HEVC solution for 4K video streaming across LG’s Ultra HD TV product line. The technology integration will be showcased at the NeuLion booth (SU9617) at the NAB Show on April 13-16, 2015, in Las Vegas.
The license renewal between LG and NeuLion (which recently acquired DivX, LLC) underscores the growing consumer demand for 4K content and devices. According to DisplaySearch, 4K Ultra HD is starting to reach the masses, with global shipments of 4K-ready screens hitting 6.4 million in 2014. In the U.S. alone, sales of 4K Ultra HD TVs are expected to exceed 4 million units in 2015, according to the Consumer Electronics Association. Strategy Analytics forecasts that one in 10 U.S. homes will have a 4K Ultra HD TV by 2016.
“Building on our strong position in OLED and 4K Ultra HD technologies, as well as LG’s Smart TV leadership with the webOS 2.0 platform, LG is committed to delivering an incredible 4K video experience to consumers,” said Dr. Nandhu Nandhakumar, Senior Vice President, Technology Partnerships & Investments, LG Electronics. “One of the most efficient ways for us to do that is to work with a trusted, knowledgeable partner like NeuLion. We’re equipping our Ultra HD TVs with the NeuLion’s best-in-class DivX® HEVC technology to deliver a superior 4K viewing experience.”
LG selected the DivX HEVC solution, including the DivX secure player technology and DivX DRM (digital rights management), for its robust protection, ease of integration and flexible use-cases. They include secure, MPEG-DASH compliant live and on-demand streaming of OTT and TV Everywhere content and file-based playback of DivX HEVC video up to 4K. The DivX solution also supports an advanced media playback feature set that includes multi-language subtitles, multiple audio tracks, smooth fast forward, quick scene navigation, and resume playback across devices.
“LG is at the leading edge of adopting new technologies, and we’re pleased that this premium TV brand has chosen to globally deploy DivX® 4K,” commented NeuLion CEO Kanaan Jemili, PhD. “NAB visitors will witness the power of our HEVC solutions and enjoy stunning 4K video on LG’s leading 4K Ultra HD television.”
More than one billion DivX devices, including over 30,000 unique models, have shipped worldwide from multiple major consumer electronics brands. DivX, LLC received a 2014 Best Ultra HD Codec award from Ultra HDTV Magazine for its DivX 10 software and MainConcept HEVC SDK.
NeuLion, Inc. (TSX: NLN) offers solutions that power the highest quality digital experiences for live and on-demand content up to 4K on any device. Through its end-to-end technology platform, NeuLion enables digital content management, distribution and monetization for content owners worldwide. With the recent acquisition of DivX, LLC, the company also operates a robust consumer electronics licensing business that has enabled over 1 billion devices worldwide with secure, high-quality video playback, and delivers a DivX consumer software offering that has been downloaded over 1 billion times. NeuLion’s customers include major sports, entertainment and global content companies as well as major consumer electronics manufacturers and software companies. NeuLion is headquartered in Plainview, NY. For more information about NeuLion, visit www.NeuLion.com.
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; our ability to successfully integrate the operations of DivX; 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, 2014, which is available on www.sec.gov and filed on www.sedar.com.
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