05/18/2010 | 08:05am EST
SAN DIEGO, May 18 /PRNewswire-FirstCall/ — DivX, Inc. (Nasdaq: DIVX), a leading digital media company, today announced that over 300 million DivX devices have now shipped into the global market from consumer electronics manufacturers. DivX technology enables consumers to easily enjoy and transfer high-quality digital videos on virtually any kind of device from any brand, including DVD players, Blu-ray players, digital televisions, mobile phones, gaming consoles and more.
DivX Certified® devices are available across the world from major CE manufacturers, including LG Electronics, Panasonic, Philips, Pioneer, Samsung Electronics, Sharp, Sony, Toshiba and many more. Each device is capable of playing back DivX video files up to 1080p. In addition, secure Hollywood movies are available for download from online retailers such as CinemaNow, Film Fresh, WB Live and others.
“DivX devices are at the center of our corporate strategy and our consumer value proposition, and reaching the 300 million milestone is a major achievement for us and our partners,” said Kevin Hell, CEO of DivX, Inc. “Consumers want the freedom and flexibility to enjoy the entertainment content they care about on any device or platform, regardless of connectivity. By working with our CE partners, major content providers, online retailers and leveraging our own consumer software offerings, we are able to make that vision a reality for people all over the world.”
The DivX Certification program was launched in 2003 to provide consumer electronics manufacturers with the ability to add guaranteed, high-quality playback support for the popular DivX video format on devices. Due to the wide consumer adoption of DivX, the large number of DivX files available on the Internet, and the superior DivX video technology, DivX quickly became a checklist feature for red-laser DVD players across the globe.
In the past few years, manufacturers have rapidly adopted DivX technology for next-generation video devices beyond standard DVD players. In the digital television (DTV) category, DivX has partnered with the largest DTV manufacturers, including LG, Samsung, Panasonic, Philips, Sharp, Sony and Toshiba, among others. The Company has certified 2,000 digital television models since the beginning of its certification program with over 50% of these models achieving HD certification.
The fast-growing Blu-ray category has been another area of focus for the Company, with over 500 Blu-ray player models certified from all major OEMS, including Panasonic, Samsung, Sharp, Sony and many others. The globally popular Sony PlayStation® 3, which remains the best-selling Blu-ray device in the world, also supports DivX playback.
As multimedia playback increases in popularity, the mobile phone category has been another area of focus for the DivX licensing business. To date, DivX has certified over 70 mobile handset models from some of the largest manufacturers in the industry including LG Electronics, Motorola, Pantech and Samsung. Numerous DivX Certified in-car devices, portable media players, set-top boxes and other device categories have also shipped into the global market.
For more information about DivX, visit www.divx.com
About DivX
DivX, Inc. is a leading 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 300 million DivX devices have shipped into the market worldwide 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 DivX’s visibility within the investment community and the availability of certain DivX enabled products to consumers. 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; the risk of DivX’s dependence on its licensees and partners; risks related to the effect of intellectual property rights claims; risks related to DivX’s partners’ ability to make certain products available to consumers on specified timelines, or at all; and other factors discussed in the “Risk Factors” section of DivX’s most recent report filed with the Securities and Exchange Commission. 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.