04/27/2010 | 08:05am EST
SAN DIEGO and OSAKA, Japan, April 27 /PRNewswire-FirstCall/ — DivX, Inc. (Nasdaq: DIVX), a leading digital media company, and Panasonic today announced that Panasonic will introduce DivX Plus(TM) HD playback technology in its next generation of 3D Blu-ray products. Panasonic’s new line of Blu-ray players will enable the playback of DivX Plus HD video using the MKV container, providing consumers with a true cinematic video experience at HD resolutions up to 1080p.
Available to consumers first in Europe late April 2010 and soon after in Russia and Oceania, the DMP-BDT300 is Panasonic’s first full HD 3D Blu-ray Disc player and the first to receive DivX Plus HD Certification. With the introduction of 3D products for the home, Panasonic customers will receive an unparalleled 3D experience with realistic and immersive sensation.
DivX Plus HD Certification is the premium level of certification available from DivX, optimized for consumer electronics products and supports the playback of all content created with DivX software. Available on www.divx.com, the newly released DivX Plus Software allows users to create and playback H.264 video in an .mkv file container. DivX Plus HD Certified devices will playback all previous versions of DivX video, premium Hollywood content in the DivX format, and DivX Plus HD video files with the .mkv file extension and AAC audio created with third-party tools.
Known for great performance, visual quality and interoperability on any DivX Certified® device, DivX provides consumers with a comprehensive digital media solution supporting the majority of high-quality Internet video on their TVs or other consumer electronics devices.
In addition, DivX also supports the secure playback of major Hollywood titles from major studios, and many online movie download sites now distribute Hollywood content in the DivX format worldwide.
“We are extremely pleased to announce that Panasonic has decided to adopt DivX Plus HD in their new 2010 line of Blu-ray devices,” said Kevin Hell, Chief Executive Officer at DivX. “These Panasonic 3D Blu-ray players are truly revolutionary, and now consumers will be able to enjoy the best of 3D technology and DivX Plus HD playback for the ultimate home theater experience.”
“Our new DMP-BDT300 players are fully loaded with all of the tools that consumers need to enjoy everything 3D and HD,” said Kazuhiko Nakamura, Group Manager of Product Technology, Video Business Unit, Network Business Group, Panasonic AVC Networks Company, Panasonic Corporation. “Adding DivX Plus HD Certification maximizes that experience for our customers by guaranteeing high-quality playback of all digital video files, including MKV.”
For more information about DivX, visit www.divx.com
For more information about Panasonic, visit www.panasonic.com
About DivX
DivX, Inc. is a leading 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 250 million DivX devices have shipped into the market worldwide 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.
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 and the availability of certain DivX enabled products to consumers. 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; risks related to DivX’s partners’ ability to make certain products available to consumers on specified timelines, or at all; 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.