Recognized for Leadership in Emerging Technology
SAN DIEGO–March 16, 2006–DivX, Inc. today announced that it has been chosen by OnHollywood as one of the Top 100 Private Company award winners. The OnHollywood 100 is a power list of the top private digital media and entertainment companies. DivX was handpicked by the OnHollywood editorial team based on a set of five criteria — innovation, market potential, customer adoption, media buzz and investor value creation.
DivX and the OnHollywood 100 will be honored at the OnHollywood executive summit May 2-4 at The Roosevelt Hotel in Hollywood, California. The summit will focus on the challenges, opportunities and business models of the digital era, showcasing top innovative private companies that are revolutionizing the way media and entertainment is created, distributed and consumed.
The OnHollywood 100 was selected from over 1,000 companies, peer-nominated by leading venture capitalists, investment bankers and industry analysts. The OnHollywood 100 consists of private companies at all stages of development, from early to late stage.
“We scoured hundreds of applications we received to vote on the top emerging private technology companies,” said Tony Perkins, founder and editor of AlwaysOn. “Selected are the companies we think are demonstrating significant market traction or pursuing game-changing technology. We expect these organizations to have a big impact for both Hollywood and Silicon Valley.”
“For the past 6 years, everything we’ve done at DivX has been an effort to truly make media better through both technology and community. All the right pieces are finally starting to fall into place to make that vision a reality,” said Jordan Greenhall, co-founder and chief executive officer at DivX, Inc. “We’re pleased that AlwaysOn recognizes the importance of that mission and is taking on an active leadership role to bring so many compelling voices in the world of digital media and entertainment together for a meaningful dialogue that will help shape our digital future.”
A full list of all the OnHollywood 100 companies can be found on the AlwaysOn website at https://www.alwayson-network.com/comments.php?id=12031.
About OnHollywood 2006: May 2-4 @ The Roosevelt Hotel, Hollywood
OnHollywood is where cutting edge technology from the backstreets of Silicon Valley converges with Hollywood’s media and entertainment elite. The two-and-a-half-day event borrows on the “film market” tradition by providing an open environment for digital media and entertainment entrepreneurs to meet the big-time studio, telco, and consumer electronics executives, venture capitalists, and media. OnHollywood delves into the challenges, opportunities, and business models of the digital era, and showcases the most innovative private companies that are revolutionizing the way media and entertainment is created, distributed, and consumed.
About AlwaysOn Network
AlwaysOn is transforming the communication business with its online blogging network for technology, media and entertainment insiders, establishing it as a leader in the Open Media revolution. Borrowing from the underground traditions of blogging and social networking, AlwaysOn (https://www.alwayson-network.com/) was launched in 2003. Today, AO’s annual Summit @ Stanford and OnHollywood events, print “blogozine” and online services encourage direct collaboration between global thought leaders and technology insiders. No other media brand has dared allow such openness amongst its readers and participants. AlwaysOn, LLC, is a privately held and virtually headquartered company born out of the heart of Silicon Valley.
About DivX, Inc.
DivX, Inc. is a digital entertainment company positioned at the center of multimedia convergence. The company’s core offering is the DivX video codec, among the world’s most popular video compression technologies with over 250 million downloads worldwide. The patent-pending DivX video technology offers high-quality at 7-10 times greater compression than MPEG-2 files, enabling full length films to easily fit on a CD or be delivered over broadband connections. DivX video technology powers a range of applications that span the convergence value chain, from a secure IP-based video-on-demand solution to next-generation consumer electronics products and video software applications. DivX, Inc. is headquartered in San Diego, California.