Sony Pictures Television Approves Content Distribution for Next-Generation DivX Certified Consumer Electronics Devices
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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.
