muvee autoProducer Enables Anyone to Quickly and Easily Create Professional-looking, Highly Compressed Video Productions in Industry Standard DivX Video Format
San Diego, CA and Singapore— May 11, 2004—DivXNetworks, Inc., the company that created the revolutionary, patent-pending DivX® video compression technology, and muvee Technologies, the pioneer in automated video production, today announced a technology licensing agreement to include the DivX video encoder in muvee’s popular autoProducer video production software, enabling muvee users to quickly and easily create high-quality,highly compressed DivX videos for Web and e-mail distribution. muvee autoProducer with DivX support will be available in major retail stores, as well as bundled with several major OEM offerings.
The award-winning muvee autoProducer is designed to allow even the most novice users to easily and automatically transform home videos— or any other video source — into slick, professional-looking multimedia productions. Users simply provide the video clips and/or photos, add in their favorite music, pick one of the many available production styles, and muvee does the rest. muvee products are bundled globally with major original equipment manufacturers including Hewlett-Packard, ATI and Sony, and are available in retail stores across Europe, Japan and soon in the USA.
The DivX codec is a professional-quality video compression / decompression tool that creates video at sizes 10 times smaller than MPEG-2 compression. By saving their muvee productions in a DivX format, users will be able to effortlessly go from shooting to sharing their best video moments over the Internet and via e-mail.
“muvee Technologies is the pioneer and leader in automatic video production software and we’re very pleased that muvee’s products will now integrate DivX technology,” said Chester Ng, Senior Manager of Sales & Business Development, Software Licensing for DivXNetworks. “muvee’s technology enables users to quickly and easily transform dull videos into compelling personal home movies. Now, with support for the DivX standard, muvee’s users will be able to play back their productions on a wide range of devices.”
“Our award-winning muvee autoProducer is the fastest, most intelligent and most fun way for consumers to make compelling productions out of their home video and photos.” said Terence Swee, founder and Chief Opportunities Officer of muvee Technologies. “By incorporating the popular DivX video codec in muvee autoProducer, we bring muvee-making to a huge community of DivX users and the exploding MPEG4-digital video camera market, hence enabling everyone to move seamlessly from shooting to showing.”
For more information about muvee Technologies and muvee autoProducer, please visit muvee’s web site, www.muvee.com. Additional information about DivXNetworks and the DivX video codec is available at www.divxnetworks.com.
About muvee Technologies
Founded in 2001, muvee Technologies is a privately held company headquartered in Singapore with a subsidiary, muvee Technologies, Inc. in New York. The company’s award-winning product, muvee autoProducer, transforms unedited video footage into compelling productions in minutes – or even seconds – by intelligently and automatically combining the best video highlights with music, and synchronizing effects and transitions to the beat. To date, muvee autoProducer has sold into over 77 countries worldwide, and is currently bundled with products by Hewlett-Packard and ATI, among others. muvee’s patented technology is also licensed by Sony and Roxio.
About DivXNetworks
DivXNetworks is a consumer-focused video technology 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 120 million users worldwide. Often called “the MP3 of video,” the patent-pending DivX video technology offers DVD-quality at 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. DivXNetworks is headquartered in San Diego, California, with satellite offices in Los Angeles and San Jose, CA, Taipei, Taiwan, Guildford, England and Dortmund, Germany.