Pinnacle Studio Plus 10.7 Users Can Create High-Quality DivX Videos for Playback on DVD Players and Portable Devices
SAN DIEGO–(BUSINESS WIRE)–DivX, Inc. (NASDAQ:DIVX) today announced that Pinnacle Studio Plus 10.7 has achieved DivX Software Certification. Users of Pinnacle Studio Plus will be able to output their video into the DivX format, and thereby ensure interoperability with the over 50 million DivX Certified consumer electronics devices from major manufacturers on the global market today.
Pinnacle Studio Plus is a powerful yet easy-to-use software video editor that enables users to create polished, high quality movies in a variety of formats, including DivX. DivX is among the world’s most popular video technologies with over 200 million DivX software downloads. Video in the DivX format can be easily uploaded without transcoding to popular internet sites such as DivX Stage6 and Photobucket.
“Pinnacle has created the number one ranked consumer video editing software that helps consumers all over the world make the most of their video content in a simple and enjoyable way,” said Kevin Hell, CXO at DivX, Inc. “With DivX Certification, Pinnacle Studio users will now be assured that their high-quality video files can be easily viewed in the living room or on the road using any DivX Certified DVD player or portable device, or online as well.”
“DivX is a great video technology with widespread global support that offers interoperability across devices and platforms, and we believe that DivX Certification adds real value to our user base,” said Jeff Hastings, Avid vice president and Pinnacle Systems general manager.
Products that bear the DivX Certified logo have undergone a rigorous testing program to ensure interoperability, security and visual quality. DivX Certified products enable consumers to create, play and share high-quality video content across a range of devices and platforms.
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, https://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. To learn more about licensing DivX, visit www.divx.com.
About Pinnacle Systems
According to The NPD Group, Pinnacle Studio is the number one consumer video editing software, based on U.S. retail unit and dollar sales from October 2005 through November 2006. Pinnacle Systems, Inc., a wholly-owned subsidiary of Avid Technology, Inc., is an industry leader in video editing solutions, TV tuners for the PC, and digital media adapters for the consumer market. The company’s product lines include Pinnacle PCTV, Dazzle, Pinnacle ShowCenter, Pinnacle Mobile Media and its flagship Pinnacle Studio line. For more information, visit www.pinnaclesys.com.
About Avid
Avid Technology, Inc. is the world leader in digital nonlinear media creation, management, and distribution solutions, enabling film, video, audio, animation, games, and broadcast professionals to work more efficiently, productively, and creatively. For more information about the company’s Oscar, Grammy, and Emmy award-winning products and services, please visit: www.avid.com.
© 2007 Avid Technology, Inc. and its affiliates. All rights reserved. Product features, specifications, system requirements and availability are subject to change without notice. All prices are USMSRP for the U.S. only and subject to change without notice. Contact your local office or reseller for current or local prices. Avid received an Oscar Statuette representing the 1998 Scientific and Technical Award for the concept, design and engineering of the Avid® Film Composer® system for motion picture editing. Digidesign, Avids audio division, received an Oscar Statuette representing the 2003 Scientific and Technical Award for the design, development and implementation of its Pro Tools® digital audio work station. Avid, Film Composer, Pro Tools, and Digidesign are either a registered trademark or trademark of Avid Technology, Inc. or its subsidiaries in the United States and/or other countries. Oscar is a trademark and service mark of the Academy of Motion Picture Arts and Sciences. Emmy is a registered trademark of ATAS/NATAS. Grammy is a trademark of the National Academy of Recording Arts and Sciences, Inc. Pinnacle Systems, the Pinnacle Pinwheel logo, Pinnacle PCTV, Dazzle, Pinnacle ShowCenter, Pinnacle MediaSuite, Pinnacle Mobile Media, Pinnacle Studio and Pinnacle Studio MovieBox are either registered trademarks or trademarks of Pinnacle Systems, Inc. and its affiliates in the United States and/or other countries. All other trademarks contained herein are the property of their respective owners.
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.