SAN DIEGO, Aug. 4 /PRNewswire-FirstCall/ — DivX, Inc. (Nasdaq: DIVX), a digital media company, today announced that it has signed agreements with three European download-to-own (DTO) stores allowing them to sell premium Hollywood content in the DivX((R)) format upon completion of their own studio deals. Under the DivX agreement, DTO sites ERG (Belgium, the Netherlands), FilmOn.com (UK), and Play4film.com (international film portal headquartered in Italy) will be enabled to provide DivX movies from major Hollywood studios directly to consumers throughout Europe.
DivX technology allows movies to be compressed to a fraction of their original size while still maintaining excellent visual quality. With the flexibility of the DivX format, full-length movies can be conveniently downloaded from these new DTO sites and played on any of the 200 million DivX devices that have shipped into the market, including digital TVs, the Sony PlayStation(R)3, mobile phones and portable DVD players. Consumers have the freedom to transfer their DivX movies for playback on other registered DivX Certified devices they own.
“These agreements help make the DivX vision for any content on any device at any time a reality in our key European markets,” said Kevin Hell, Chief Executive Officer, DivX, Inc. “With the DivX format now approved by four Hollywood studios, we are excited about this next step in helping consumers download premium movies from these storefronts to watch on any DivX Certified device from a wide variety of manufacturers.”
“DivX has a tremendous ecosystem, and we are pleased to partner with them to promote high-quality, secure digital downloading,” said Co Mast, Chief Executive Officer, ERG. “Offering the latest Hollywood films in the high-quality DivX format is a critical element in developing a strong online business.”
“FilmOn.com considers DivX an important partner in delivering the highest quality films to the more than 200,000 people who visit our site each day,” said Alki David, founder and chairman of FilmOn.com. “DivX has developed a breakthrough digital media technology that truly enhances the quality and scope of the consumers’ viewing experience, and we’re delighted to be partnered with them in bringing a unique service to the UK for the first time.”
“Play4film.com is focused on delivering a high-quality film experience,” said Giovanni Ballantini, Chief Executive Officer, Play4film.com. “Partnering with DivX is a way to differentiate Play4film and to attract more film lovers to our site.”
Products that bear the DivX Certified(R) logo have undergone a rigorous testing program to ensure a high-quality DivX media experience, including reliable video creation and playback, interoperability with other DivX Certified devices and the visual quality users expect from DivX.
For more information about DivX, visit www.divx.com.
About DivX
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 environment–the PC, the television and mobile devices. Over 200 million DivX 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.
About Entertainment Retail Group (ERG)
Since its beginnings in 1996, ERG expanded quickly to become the leading movie site for the Benelux. Originally comprised of two retail brands, “Movie MAX” and “Videoland”, the company has recently launched an online store.
About FilmOn.com
With roots in the film and television distribution business, FilmOn.com Plc. is a world leader in content creation, distribution and development of content management systems. It operates FilmOn.com, a revolutionary media download portal and online entertainment destination. Founded in 2005, the company recently launched a revolutionary HDi broadband television system and has offices in London, Geneva and Frankfurt.
About Play4film.com
Play4film.com is an international portal where consumers can find and discover a vast catalog of films, shorts, documentaries and TV series that is enriched by an entire section dedicated to the culture and history of cinema, critic reviews, and exclusive interviews. Play4film.com also offers consumers an entire free streaming section on its site with more than 450 free movies.
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; 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; 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.