- Created on 07 January 2010
DivX TVTM Receives Widespread Support from Consumer Electronics Companies and Content Providers
DivX, Inc. (Nasdaq: DIVX), a leading digital media company, today announced the launch of DivX TVTM, a comprehensive embedded Internet TV platform that provides access to a diverse line-up of online media content streamed directly to any connected device from any manufacturer.
Eliminating the need for a PC or a separate, dedicated box under the television, DivX TV represents a true step forward in connected entertainment. With an elegant, user-friendly interface, unparalleled speed and performance and a broad content line-up, the DivX TV platform is easy to implement and can be supported on virtually any kind of Internet-connected consumer electronics device, including digital televisions, blu-ray players, gaming consoles, pay-tv operators set-top devices, multimedia storage devices, and even mobile phones. The DivX TV platform will also enable consumers to stream their own personal digital media content over a home network, and offers full playback of a variety of video formats, including all DivX® videos.
"DivX TV revolutionizes the television experience by giving consumers quick and easy access to a virtually limitless universe of online content, and it's as simple to operate as changing channels with a remote control," said Kevin Hell, CEO of DivX, Inc. "Our partners will also be pleased to know that DivX TV is designed specifically to work with today's mass market consumer electronics. It's easy to implement and support and new content sources can be added with very little effort. DivX TV - bringing the future of entertainment to a living room near you!"
DivX has long been a pioneer in bringing high-quality Internet video to consumer electronics, with over 250 million DivX devices shipped into the market from every major consumer electronics manufacturer. With DivX TV, the company is leveraging those partnerships and its strength in embedded video technology to evolve the Internet television experience.
LG Electronics was announced today as the first manufacturer to license the DivX TV platform for upcoming Blu-ray Disc players and home theater systems. The initial list of additional DivX TV partners also includes consumer electronics companies, integrated circuit manufacturers and technology companies:
- ADB (Advanced Digital Broadcast)
- Broadcom Corporation
- Innovative DTV Solutions
- LG Electronics
- Viewsonic Corporation
The new DivX TV platform will offer a large and diverse roster of online content including Internet video, premium movies, music channels, social networking services and photo-sharing sites. There are over 70 content channels in place today from a variety of partners, with many more expected to sign on by the first launch of a DivX TV device. Current DivX TV content sources, launch partners and channels include:
- Associated Press
- Roxio CinemaNow
- Revision 3
- The Street.com
"Many consumers today are looking for a way to enjoy Internet video on their TVs but they don't want to have to connect their PC or buy a separate box to make that happen," said Norm Bogen, Vice President of Digital Entertainment Research at In-Stat. "DivX has deep relationships with both consumer electronics companies and Hollywood studios, which puts them in a strong position to offer a comprehensive Internet TV solution that can be built into connected devices at the chip level from any CE company."
Dan Halvorson, Chief Financial Officer and Executive Vice President, Operations for DivX, added, "The launch of DivX TV creates new future revenue opportunities for DivX and deepens our relationships with our OEM partners. Leveraging our strong global brand, we will further invest in marketing and additional product development resources in 2010 in order to capitalize on this emerging market opportunity for our business."
DivX will be unveiling the DivX TV platform at a private press event at CES at the Moon nightclub at the Palms on January 7th, and demos of the platform will be shown at the DivX meeting rooms in the South Hall of the convention center. To learn more about the DivX TV platform, visit www.divx.com/divxtv.
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 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.
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.