Companies Will Work Together to Target DTV and Set-Top-Box and Applications
LAS VEGAS–(BUSINESS WIRE)–DivX, Inc. (NASDAQ:DIVX), a digital media company, and Broadcom, a global leader in semiconductors for wired and wireless communication, today announced the extension of an existing partnership that will enable the DivX® Certification of Broadcom chipsets supporting HD and DivX ConnectedTM.
Broadcom will work with DivX to obtain DivX Certification for the 74xx chipset series for set-top-box applications, supporting full 1080p DivX® HD playback. Additionally, the companies will work together to integrate support for the DivX Connected platform into the 74xx as well as the 35xx chipset series for HD digital televisions. DivX Connected is an open platform that enables users to access all their media, including HD DivX videos, photos and music, as well as Internet services, in the living room.
“We’re pleased to extend our partnership with Broadcom to certify chipsets that support full DivX HD and bring the power of DivX Connected to a variety of products,” said Kevin Hell, CEO of DivX. “Our goal is to offer consumers a simple and high-quality digital video experience that works seamlessly across any kind of device. With their powerful chipset solutions and wide-ranging partnerships across the CE industry, Broadcom is a key partner that is helping us make that vision a reality.”
“With the high penetration of broadband internet access, wide adoption of home networking solutions and the proliferation of high-quality DivX content available today, support for DivX HD and the powerful DivX Connected platform offers real value to our OEM partners,” said Aidan ORourke, Director of Marketing, IP Multimedia Access for Broadcom. “We are excited to partner with DivX to help create a powerful and high-quality digital media experience for consumers.”
For more information on DivX Certification, visit www.divx.com. To learn more about Broadcom, see www.broadcom.com.
About DivX, Inc.
DivX, Inc. 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 environmentthe 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.
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 the anticipated benefits of the partnership between Broadcom Corporation and DivX, DivX’s customers and shareholders, any activities expected to occur in connection with the partnership, the expected increase to DivX’s market opportunity as a result of the certification of Broadcom’s chipset supporting HD and DivX Connected consumer electronics devices, and the acceleration of penetration in key emerging product categories. 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: risks that the anticipated benefits of the partnership between Broadcom Corporation and DivX may not materialize to the extent expected, or at all; risks related to the activities expected to occur in connection with the partnership; the risk that DivX certification of the Broadcom chipset for HD and DivX Connected consumer electronics devices will perform as anticipated, or at all; 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 Companys 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 quarterly report on Form 10-Q filed with the SEC on November 14, 2007. 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.