SAN DIEGO, and SHENZHEN, China, Aug.
2 /PRNewswire-FirstCall/ -- DivX, Inc. (Nasdaq: DIVX), a
leading digital media company, and Skyworth Group, a leading global
TV manufacturer, today announced a new partnership in which
Skyworth will integrate DivX® technology into its line of 2010
digital TVs (DTVs). Upon DivX Certification, these new TVs will be
capable of playing back digital video and Hollywood movies in the high-quality DivX®
format. The agreement also specifies that Skyworth will work with
DivX in the future to add DivX Plus™ HD certification, the premium
level of DivX Certification for MKV playback, to its DTVs.
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This new Skyworth partnership illustrates how DivX is continuing
its momentum in emerging products such as DTVs. DivX now works with
the top two Chinese TV OEMs, bringing DivX adoption to nine of the
top 12 DTV OEMs worldwide. In addition, the company has extended
its ecosystem into DTVs with more than 3,000 models certified from
major brands.
As one of the largest TV manufacturers in China, Skyworth now ranks in the top 20 global
TV brands, and its R&D and sales network covers most parts of
the world. Skyworth's new DivX Certified DTVs will be available in
August throughout Oceania, and shortly thereafter in the
Middle East, Africa and Europe, delivering incredibly sharp images,
wide viewing angles and a brilliant home theater experience.
DivX technology allows digital videos to be compressed to a
fraction of their original size while maintaining excellent visual
quality. For example, eight full-length standard definition movies
in the DivX format can fit on an 8GB USB drive. With the DivX
format, full-length movies can be quickly downloaded from the
Internet and played on DivX Certified Skyworth DTVs, as well as
other consumer electronics devices.
"DivX has seen strong traction from Chinese consumer electronics
companies, and our new partnership with Skyworth is a great example
of that," said Kevin Hell, Chief Executive Officer, DivX, Inc. "Now
consumers throughout Oceania, the Middle
East, Africa and
Europe will be able to enjoy
stunning DivX video playback on top rated Skyworth digital
TVs."
"We are extremely pleased to build a new partnership with DivX,
as we are always striving to evolve the viewing experience for our
customers," said Kuang Yubin, President, Skyworth Overseas
Development Limited. "DivX is synomonous with high-quality video
which will help add value for our brand worldwide."
For more information about DivX, visit www.divx.com.
For more information about Skyworth, visit
www.iskyworth.com.
About DivX
DivX, Inc. is a leading 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 300 million DivX devices have shipped into the market
worldwide 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 Skyworth
Established in 1988, Skyworth Group is a large-sized high-tech
public company listed on the Hong Kong Exchange Stock Exchange
(Stock code: 0751). It has engaged in researching, manufacturing
and sales and distribution consumer electronics, Internet
communication products and security and protection products. With
22 years of development, Skyworth has steadily become one of the
top 20 global TV brands and one of the top 10 brands in the Chinese
consumer electronic industry. Skyworth's digital TVs have been the
most aggressive and competitive brand in China and has continuously ranked number one
in market share for many years. The company's sales revenue reached
22.77 billion HKD in fiscal year of
2009.
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 and the
availability of certain DivX enabled products to consumers. 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; the risk of DivX's dependence on its licensees and
partners; risks related to the effect of intellectual property
rights claims; risks related to DivX's partners' ability to make
certain products available to consumers on specified timelines, or
at all; and other factors discussed in the "Risk Factors" section
of DivX's most recent report filed with the Securities and Exchange
Commission. 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.
SOURCE DivX, Inc.
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