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Professional Motion Picture Production and Distribution NEWS
Paramount Digital Entertainment to Provide Content for Distribution on DivX Certified(R) Devices
By Staff
posted Aug 10, 2009, 16:31 |
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(San Diego, CA) DivX, Inc. (Nasdaq: DIVX), a digital media company, announces
a deal with Paramount Digital Entertainment that will enable online retailers
worldwide to offer Paramount Pictures feature films for secure download in the
high-quality DivX(R) video format. DivX digital media technology allows consumers
to enjoy DivX content on the PC, the television and mobile devices.
The new agreement covers titles available for digital distribution from both
Paramount Pictures' extensive library, as well as new releases. Movies available
for download in the DivX format will include action films, hit comedies, some
of the most successful franchises in film history and several OSCAR((R)) winners
from Paramount Pictures.
"PDE is committed to delivering premium digital content in formats that offer
optimal quality, portability and security," said Alex Carloss, Executive Vice
President & General Manager, Worldwide Digital Distribution, Paramount Digital
Entertainment. "The DivX platform provides distribution partners with a device
ecosystem that allows for a seamless consumer experience."
DivX has taken the lead in developing digital media technology that delivers
a true cinematic viewing experience in a secure, easily downloadable and portable
format. Paramount titles offered in the DivX format will play on DivX Certified(R)
devices shipped worldwide, which include TVs, DVD and Blu-ray players, gaming
consoles and portable devices.
"We are thrilled to add video content from Paramount Pictures' extensive film
library to the growing catalog of major studio content now available in the
DivX format," said Kevin Hell, Chief Executive Officer of DivX, Inc. "By supporting
all types of content, from premium Hollywood films and independent movies, to
Internet and user-generated videos, we continue to fuel the growth of the DivX
ecosystem."
Products that bear the DivX Certified logo have undergone a rigorous testing
program to ensure a high-quality DivX media experience, including reliable video
creation and playback, interoperability with other DivX Certified devices and
the visual quality users expect from DivX.
For more information about Paramount Digital Entertainment visit www.paramount.com.
For more information about DivX video, visit www.divx.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
200 million DivX 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 Paramount Pictures Corporation
Paramount Pictures Corporation (PPC), a global producer and distributor of filmed
entertainment, is a unit of Viacom (NYSE: VIA, VIA.B), a leading content company
with prominent and respected film, television and digital entertainment brands.
The company's labels include Paramount Pictures, Paramount Vantage, Paramount
Classics, MTV Films and Nickelodeon Movies. PPC operations also include Paramount
Digital Entertainment, Paramount Famous Productions, Paramount Home Entertainment,
Paramount Pictures International, Paramount Licensing Inc., Paramount Studio
Group and Worldwide Television Distribution.
"OSCAR(R)," "OSCARS(R)," "ACADEMY AWARD(R)," "ACADEMY AWARDS(R)," "OSCAR NIGHT(R),"
"A.M.P.A.S.(R)" and the "Oscar" design mark are trademarks and service marks
of the Academy of Motion Picture Arts and Sciences, and may not be used except
in accordance with these regulations or under a special written license from
the Academy.
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
Paramount Pictures Corporation 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 Paramount Pictures Corporation 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
that customer use of DivX technology may not grow as anticipated; risks that
anticipated market opportunities may not materialize at expected levels, or
at all; risks 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; risks of DivX's
dependence on its licensees and partners; risks related to 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.
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.
www.divx.com
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