LAS VEGAS, Jan 08, 2007 (BUSINESS WIRE) — DivX, Inc. (Nasdaq:DIVX) and Indus Video Private Limited announced a partnership to make more movies available to Indian consumers by offering a range of premium movie content in the high-quality DivX format.
DivX has licensed content from Indus Video, a content provider that owns distribution rights to hundreds of Hollywood and Bollywood titles. All titles are encoded in the high-quality, secure DivX format, and compatible with millions of DivX Certified consumer electronics devices from major manufacturers worldwide. Titles that will be available in DivX for the Indian market include: “Spy Kids,” “Garam Masala” and “Kya Kool Hai Hum.”
“We are excited to partner with DivX, especially as new technologies emerge to give Indian consumers greater control and more choices in viewing entertainment content,” said Ravi Hemdev, Senior Manager of Indus Video Private Limited. “Distributing our content in the DivX format will give our consumers better options. Our goal is to enable our users to enjoy more content, quality and value in entertainment whenever and wherever they choose.”
“We are pleased to work with Indus Video to bring high-quality DivX video content to Indian consumers,” said Aparna Vashisht-Rota, Business Development, Content Acquisition at DivX, Inc. “Their video library is extensive, and combined with the powerful and popular technology of DivX, we can continue to create and share a new digital media experience globally.”
About Indus Video Private Limited
Indus Video Private Limited Is a well established entity in the Indian film market. Our company was formed in 1986. Over the last 25 years, we have successfully ventured into several avenues of film business such as home video, film finance, film production, trading in Satellite and Cable TV copyrights, etc.
Our company is recognized as one of the key players in the home video market. Together with being pioneers in the Hindi films home video market, the company has also secured a fair market share of the non-Indian films home video market.
Since our foray into non-Indian films in the year 1999, the company has been accredited with bringing several Hollywood blockbusters to Indian home video.
The Hindi Films Division boasts of a catalog of more than 500 films ranging from recent blockbusters to timeless classics. The English Films Division catalog comprises of more than 200 titles which are marketed through our strong distribution network spread throughout India. We also pride ourselves at having one of the biggest and best catalogs in India of children’s titles.
About DivX, Inc.
DivX creates products and services designed to improve the experience of media. Our first product offering was a video compression-decompression software library, or codec, which has been actively sought out and downloaded over 200 million times in the last four years, including over 60 million times during the last twelve months. We have since built on the success of our codec with other consumer software, including the DivX Player application, which is distributed from our website, www.divx.com. We also license our technologies to consumer hardware device manufacturers and certify their products to ensure the interoperable support of DivX-encoded content. In addition to technology licensing to consumer hardware device manufacturers, we currently generate revenue from software licensing, advertising and content distribution.
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. 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; DivX’s ability to penetrate existing and new markets; 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 13, 2006. 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.