DivX and Jaman Sign Agreement to Offer International and Independent Movies on the DivX Connected(TM) Platform
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DivX, Inc. (NASDAQ:DIVX) and Jaman.com, the leading international and
independent Internet film service, today announced an agreement to add
video titles from the Jaman.com library to the DivX Connected™
platform, a solution that provides consumers with easily accessible
high-quality digital media content through a variety of consumer
electronics devices.
The thousands of titles available at Jaman.com include foreign,
independent, short, and documentary films. The two companies will work
together to make selections from the Jaman library available to users of
DivX Connected devices, extending the content experience beyond the
limits of the PC to the living room. The first DivX Connected device
available to consumers from D-Link is presently for sale online in the
UK, France, and Germany and will be released in the US in 2008.
"By working with DivX to make Jaman video
available on the DivX Connected platform, we can offer our users a
compelling solution to bring internet-distributed international and
independent films directly into their living rooms,”
said Jaman’s CEO Gaurav Dhillon. "We
want to give our users the ability to watch their content how and where
the like, beyond just the PC.” "Jaman’s model of
distributing high quality movies over the internet offers viewers a
uniquely diverse range of content, but viewers want flexibility over
where they watch those films,” said Jerome "Gej”
Vashisht-Rota, Co-founder, Vice President & Group Business Manager,
Media Experience, at DivX, Inc. "Because DivX
Connected is an open platform, we can partner with services like Jaman,
and together bring compelling new content to the living room for a truly
cinematic experience.”
For more information on DivX Connected, see www.divx.com/connected.
For more information on Jaman, see www.jaman.com.
About Jaman
Jaman.com is revolutionizing the way people discover, enjoy and share
movies all over the world. The company is pioneering entertainment on
the Internet by delivering hi-def films to a growing online community of
fans and filmmakers. Jaman.com is based in San Mateo, California and is
backed by luminaries in technology and media (more at http://www.jaman.com/about).
Join Jaman, Join the World™.
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.
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 Jaman.com and DivX, DivX’s
customers and shareholders, activities expected to occur in connection
with the agreement, and the expected increase to DivX’s
market opportunity related to DivX Connected consumer electronics
devices. 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 Jaman.com agreement with DivX may not materialize to the
extent expected, or at all; risks related to the uncertainty surrounding
DivX’s success in developing DivX Connected
consumer electronics devices; risks related to the timely development of
DivX Connected consumer electronics devices; risks related to the
anticipated consumer adoption and benefits of DivX Connected consumer
electronics devices; the risk that the anticipated market opportunities
may not materialize as expected, or at all; the risk that customer use
of DivX technology may not grow as anticipated; 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 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.
