Sony Pictures Television Approves Content Distribution for Next-Generation DivX Certified Consumer Electronics Devices
Agreement Paves Way for Retailers to Offer Sony Pictures Titles in
DivX Format
SAN DIEGO & LOS ANGELES--(Business Wire)--DivX, Inc. (NASDAQ: DIVX) and Sony Pictures Television Inc. today
announced an agreement that will enable online retailers to offer Sony
Pictures titles 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 milestone agreement lays the foundation for Sony to offer
high quality video content in the DivX format to its retail partners
for playback on next-generation DivX Certified devices," said Kevin
Hell, CEO of DivX, Inc. "Consumers want the flexibility and choice to
enjoy high-quality video content from a range of retailers across a
variety of devices. We are very pleased Sony Pictures Television
recognizes the value of the DivX digital media solution and look
forward to working together to offer a great experience to consumers."
"We are dedicated to finding legitimate outlets for our content
and to that end are excited to be working with DivX to provide
retailers with an expanded ecosystem for the digital distribution and
playback of our digital media," said Michael Arrieta, Executive Vice
President, Digital Distribution & Mobile Entertainment, Sony Pictures
Television.
For more information about DivX, visit www.divx.com. To learn more
about Sony Pictures Television, visit www.sonypicturestelevision.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 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 Sony Pictures Television Inc.
Sony Pictures Television is one of the television industry's
leading content providers. It produces and distributes programming in
every genre, including series, telefilms, theatrical releases and
family entertainment for network and cable television, as well as
first-run and off-network series for syndication. With more than 25
programs on the air, SPT boasts a program slate that includes the
top-rated daytime dramas and game shows, landmark off-network series,
original animated series and critically acclaimed primetime dramas,
comedies and telefilms. SPT also owns one-half of cable channel GSN
and is a partner in FEARnet, the premier horror/thriller website and
VOD service. Sony Pictures Television oversees all of Sony Pictures
Entertainment's (SPE) domestic digital distribution efforts across all
electronically delivered platforms, including the internet and mobile.
Sony Pictures Television, advertiser sales, is one of the premiere
national advertising sales companies, handling the commercial
inventory in SPT syndicated series as well as in all of SPE's digital
businesses in the United States, for Sony BMG and for iN DEMAND's
high-definition channel Mojo and the Tennis Channel, and is part owner
of national media sales company ITN Networks, Inc. SPT
(www.sonypicturestelevision.com) 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 Inc. 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 Inc. 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; risks related to the timely
development of DivX's next-generation Series 5 chip set; risks related
to the anticipated consumer adoption and benefits of DivX's
next-generation Series 5 chip set; 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 quarterly report on
Form 10-Q filed with the SEC on November 14, 2007. 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.
DivX, Inc.
Media Contact:
Tom Huntington, 858-882-0672
thuntington@divxcorp.com
or
Investor Contact:
Karen Fisher, 858-882-6415
kfisher@divxcorp.com
Copyright Business Wire 2008
