DivX and CinemaNow to Expand Premium Content Delivery to New Consumer Electronics Devices
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DivX, Inc. (NASDAQ:DIVX), a digital media company, and CinemaNow, the
digital entertainment innovator in delivering high-quality Hollywood
movies and TV shows across multiple platforms, today announced an
agreement that will allow CinemaNow to offer users the ability to
download premium content in the high-quality DivX®
format and play back those titles on the PC, as well as a range of DivX
Certified® consumer
electronics devices from major manufacturers, including DVD players,
mobile devices and more.
"CinemaNow is the pioneer in the area of
online distribution, consistently offering users new and innovative ways
to access and enjoy a wide variety of digital video content,”
said Kevin Hell, CEO of DivX, Inc. "By working
with DivX, CinemaNow can further extend their premium download
experience to additional consumer electronic devices from the world’s
leading manufacturers, including DVD players in the living room, mobile
phones on the go, and gaming platforms.” "DivX offers an easy way to transfer secure,
high-quality digital video content from the PC to the living room and
mobile devices,” said David Cook, president
and COO of CinemaNow. "By working together,
we can extend the premium online experience to the broadest range of
platforms and devices in the marketplace, further delivering on the
CinemaNow mission to empower consumers to enjoy digital entertainment
anytime and anywhere.”
The two companies will work together to integrate DivX technology into
the CinemaNow offering, and CinemaNow will work with content providers
to secure the availability of content in the DivX format for the
prospective service. For more information on DivX, visit www.divx.com.
To learn more about CinemaNow, visit www.cinemanow.com.
About DivX, Inc.
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 CinemaNow
CinemaNow, Inc. (www.cinemanow.com)
is an innovator in digital entertainment technology, delivering
high-quality Hollywood movies, TV shows and music videos to users across
multiple platforms. Founded in 1999, CinemaNow has partnered with some
of the biggest brands in consumer electronics and digital entertainment
including ARCHOS, DivX, EchoStar Communications, Hewlett-Packard,
Macrovision, Microsoft, Samsung, Sonic Solutions and Technicolor to
deliver thousands of video titles directly to consumers. CinemaNow works
with more than 250 licensors including 20th Century Fox, Disney, EMI,
HDNet, IFC, Lionsgate, MGM, Miramax, NBC Universal, Paramount Pictures,
Sony, Sundance Channel, Vivendi Entertainment and Warner Bros.
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. 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; 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
Commission on May 12, 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.
