Agreement Will Enable Global Retailers to Offer Sony Pictures Titles in DivX® Format in International Markets
SAN DIEGO–(BUSINESS WIRE)–DivX, Inc. (NASDAQ:DIVX), a digital media company, today announced an agreement with Sony Pictures Television International (SPTI) that will enable online retailers in international markets to offer SPTI’s feature films and television content for secure download in the high-quality DivX® format for playback on DivX Certified® consumer electronics devices powered by the next-generation chipset solution. This agreement follows an agreement DivX announced with Sony Pictures Television for domestic format approval in January.
“The extension of our relationship with the Sony family will enable consumers around the world to easily and securely access and enjoy high-quality, premium content from the Sony library on a variety of devices beyond the PC,” said Kevin Hell, CEO of DivX, Inc. “We are pleased that Sony Pictures Television International recognizes the value of the DivX digital media solution and we look forward to partnering with international retailers to bring this solution to market.”
“We welcome the opportunity for international retailers to distribute Sony titles in a secure manner using the DivX format and to offer international consumers the ability to easily and flexibly enjoy Sony content across a variety of devices,” said Paul Littmann, Senior Vice President, New Media, Sony Pictures Television International.
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 environmentthe PC, the television and mobile devices. Over 100 million DivX Certified 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 Sony Pictures Television International
Sony Pictures Television International (SPTI) is the division of Sony Pictures Entertainment (SPE) responsible for all television business outside of the United States. SPTI operates three complementary lines of business: 1) distribution of SPE’s feature films and television programming to television, mobile and digital content delivery outlets around the world, 2) local television production in key international markets, and 3) international television networks. In addition to being a leader in the distribution of current and classic U.S. and international films and television product worldwide, SPTI produces high profile, locally produced television in local languages. With dedicated offices in France, Germany, Hong Kong, Italy, Miami (Latin America), the People’s Republic of China, Russia, Spain and the United Kingdom, SPTI currently oversees production in nine regions of the world and is the leader in international television production among all major Hollywood studios. SPTI’s worldwide television networks portfolio is a key strategy in the SPE’s long-range commitment to the global marketplace, with over 50 networks in more than 130 countries reaching almost 400 million households worldwide. SPTI is a Sony Pictures Entertainment company.
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 the anticipated benefits of the agreement between Sony Pictures Television International and DivX, DivX’s customers and shareholders, activities expected to occur in connection with the agreement, the expected increase to DivX’s market opportunity and potential consumer electronics licensing revenue, and the acceleration of penetration in key emerging product categories. 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: risks that the anticipated benefits of the Sony Pictures Television International agreement may not materialize to the extent expected, or at all; risks related to the uncertainty surrounding DivX’s success in developing strategic partnerships with online retailers; 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 DivX’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; 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 most recent report filed with the Securities and Exchange on May 9, 2008. 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.