SAN DIEGO & SUNNYVALE, Calif.–(BUSINESS WIRE)–DivX and Yahoo! Inc. announced today a global agreement to offer consumers who download DivX video software tools a co-branded version of the Yahoo! Toolbar and Internet Explorer 7 optimized for Yahoo!. The Yahoo! offering is expected to launch early November 2007 and will replace third party software previously distributed by DivX.
DivX video software tools are used by consumers around the world to create, play and share high-quality video files across the PC, living room and mobile environments. With over 240 million downloads of the DivX codec since 2003, DivX technology has become a popular standard for digital media online. In addition to the agreement, Yahoo! and DivX will cooperate to create links on the Yahoo! Toolbar to www.DivX.com and www.Stage6.com, a popular online video community that utilizes DivX technology.
“We are excited to partner with Yahoo! to offer our customers valuable tools for discovering and experiencing digital media,” said Kevin Hell, Acting CEO, DivX, “Our relationship will yield mutual strategic and business benefits and will help DivX achieve its goal of improving digital media.”
“Our partnership with DivX gives Yahoo! the ability to offer our services to its growing global community, providing them with one-click access to the Yahoo! network. The partnership will also enable Yahoo!’s users worldwide to discover and benefit from the video technologies that DivX has to offer,” said Vish Makhijani, General Manager and Senior Vice President, Yahoo! Search.
For more information, visit www.divx.com or www.yahoo.com.
About DivX, Inc.
DivX creates products and services designed to improve the experience of media. DivX’s first product offering was a video compression-decompression software library, or codec, which has been actively sought out and downloaded over 240 million times since January 2003, including over 80 million times during the last twelve months. DivX has since built on the success of the companys codec with other consumer software, including the DivX Player application, which is distributed from the DivX website, www.divx.com. The company also licenses its technologies to consumer hardware device manufacturers and certifies their products to ensure the interoperable support of DivX-encoded content. In addition to technology licensing to consumer hardware device manufacturers, DivX currently generates revenue from software licensing, advertising and content distribution.
About Yahoo!
Yahoo! Inc. is a leading global Internet brand and one of the most trafficked Internet destinations worldwide. Yahoo!’s mission is to connect people to their passions, their communities and the world’s knowledge. Yahoo! is headquartered in Sunnyvale, California.
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 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 August 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.
Contacts
DivX Press Contact: Tom Huntington, 858-882-0672 thuntington@divxcorp.com
or
Investor Contact: The Blueshirt Group Todd Friedman, 415-217-7722 todd@blueshirtgroup.com
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Yahoo! Inc. Melissa Rische, 408-349-7722 (Public Relations) melissar@yahoo-inc.com