LG Electronics and DivX Announce the World's First Consumer Electronics Devices with DivXR HD 1080p Playback
- Created on 28 April 2009
More Than 120 LG Digital TV Models Now DivX Certified® for Playback of DivX® High Definition 1080p Video
San Diego, CA- April 28, 2009- DivX, Inc. (NASDAQ:DIVX), a digital media company, and LG Electronics, Inc. today announced that LG's new line of digital TVs is the world's first device series capable of playing back full DivX® HD 1080p videos. More than 200 models of LG digital TVs have been DivX Certified®, including the LH50, LH70, LH85, PS70 and PS80 series. In addition, a wider variety of innovative LG TVs are now DivX Certified for playback of full DivX HD. Over 100 million DivX Certified devices have shipped worldwide from major manufacturers, and more than 400 digital TV models from leading consumer electronics manufacturers have been DivX Certified to date.
Available in the United States and Europe in late May and late April respectively, the LG digital TVs will enable consumers to easily playback DivX HD videos from the PC or the Internet through the USB slot. Typical HD video requires a considerable amount of digital storage space, but DivX HD video provides a superior media experience by maintaining the highest visual quality while significantly reducing the video file size. Using DivX technology, users can fit approximately two hours of high-quality DivX HD video on an 8GB media card.
"Being first to market with digital TVs capable of playing back DivX HD 1080p video is a big win for LG as well as our customers," said Simon Kang, Chief Executive Officer and President of LG Home Entertainment TVs Company. "As people expand their DivX HD video collections they are looking for more convenient ways to watch them on their TVs. We've given them the ultimate convenience by building support for DivX HD playback into our digital TVs. This is another feature we've integrated beautifully inside of our TVs and we look forward to working with DivX in the future to offer even more innovative solutions that effortlessly bring HD video into people's living rooms."
"DivX video technology has long been capable of producing great HD video with remarkably efficient compression," said Kevin Hell, Chief Executive Officer, DivX, Inc. "Now consumers will be able to easily enjoy those DivX HD files directly on their televisions. The LG digital TVs provide a comprehensive, cutting-edge digital media experience that clearly represents the future of consumer electronics devices."
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.
For more information on DivX CertificationTM, visit www.divx.com/certification.
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 environment-the 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 LG Electronics, Inc.
LG Electronics, Inc. (KSE: 066570.KS) is a global leader and technology innovator in consumer electronics, mobile communications and home appliances, employing more than 84,000 people working in 115 operations including 84 subsidiaries around the world. With 2008 global sales of US$44.7 billion, LG is comprised of five business units -- Home Entertainment, Mobile Communications, Home Appliance, Air Conditioning and Business Solutions. LG is the world's leading producer of flat panel TVs, audio and video products, mobile handsets, air conditioners and washing machines. LG has signed a long-term agreement to become both a Global Partner and a Technology Partner of Formula OneTM. As part of this top-level association, LG acquires exclusive designations and marketing rights as the official consumer electronics, mobile phone and data processor of this global sporting event. For more information, please visit www.lge.com.
About LG Electronics Home Entertainment Company
The LG Electronics Home Entertainment Company is a top global top player in flat panel displays, audio players and video products for the consumer and professional markets. LG's product areas include LCD and plasma televisions, home theater systems, Blu-ray disc players, audio components and video players, and plasma display panels, among others. While focusing on creating feature-rich devices, the company is also pursuing stylish designs and pushing technological boundaries to improve the home entertainment experience.
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; 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; 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.