DivX and Veoh Networks Partner to Bring Online Video to the Digital Living Room Through DivX Connected(TM)
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DivX, Inc. (NASDAQ: DIVX) and Veoh Networks, Inc. (www.veoh.com)
today announced an agreement that will bring Veoh’s
leading Internet television service to viewers through the DivX ConnectedTM
platform. The partnership will enable consumers to easily access many of
their favorite Web videos from Veoh on a variety of consumer electronics
devices.
Under the terms of the agreement, Veoh will make some of its most
exciting and unique video content from its popular Veoh.com site
accessible on DivX Connected devices, extending the content experience
beyond the limits of the PC and into 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 creating a Veoh service on the DivX
Connected platform, we offer consumers a compelling solution that allows
them to watch internet television in the comfort of their living rooms,”
said Joshua Metzger, SVP Corporate Development, Veoh Networks, Inc. "Our
partnership with DivX further emphasizes Veoh’s
commitment to making it as easy as possible for viewers to find, watch,
and discover great video content wherever and whenever they want to.” "The explosion of internet video has created a
real desire from viewers and filmmakers for solutions that seamlessly
bridge the gap between the home computer and the home theater,”
said Jerome "Gej”
Vashisht-Rota, Co-founder, Vice President & Group Business Manager,
Media Experience, at DivX, Inc. "By using an
open approach, DivX Connected brings together low-cost consumer
electronics with cutting-edge online services, including popular video
sites like Veoh, to create a uniquely enjoyable consumer experience.”
For more information on DivX Connected, see www.divx.com/connected.
For more information on Veoh, see www.veoh.com.
About Veoh Networks, Inc.
Named one of AdWeek’s Top 10 Digital Hotlist
sites in 2007, Veoh Networks is an innovative Internet Television
company that delivers broadcast-quality video programming via the
Internet.
The Veoh Networks portfolio includes Veoh.com, one of the most popular
video hosting services on the Internet, and VeohTV, a free downloadable
application that turns online video into Internet Television. Veoh.com
has more than 100,000 content publishers - from CBS, Lions Gate, PBS,
National Lampoon, Road and Track and Us Magazine to thousands of
independent filmmakers and content producers - and currently attracts
over 21 million unique users per month. VeohTV makes it easy to turn any
computer into a digital video recorder that allows viewers to watch and
record shows from thousands of Internet video sources. For advertisers,
Veoh offers compelling ways of engaging with a targeted audience and
measuring performance of their ad buys.
Veoh Networks is a privately held company that is backed by leading
technology and media investors, including Goldman Sachs, Shelter Capital
Partners, Spark Capital, Michael Eisner’s
Tornante Company, Time Warner Inc., Tom Freston and Jonathan Dolgen. The
company’s principal offices are in Los
Angeles and San Diego, California.
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 Veoh Networks, Inc. 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 Veoh Networks, Inc. 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.