Quantcast

Samsung Electronics to Release DivX Certified Digital Televisions to Global Market

January 7, 2009

Device Enables High-Quality Playback of DivX Video Following Multi-year Licensing Agreement between Two Companies

SAN DIEGO and SEOUL, South Korea, Jan. 7 /PRNewswire-FirstCall/ — DivX, Inc. (Nasdaq: DIVX), a digital media company, and Samsung Electronics Co, Ltd, a market leader and award-winning innovator in consumer electronics, today announced that the first DivX Certified Samsung flat-panel HD television (HDTV) will be available in global markets in March 2009. The Samsung HDTV achieved DivX Certification following a multi-year HDTV licensing agreement between the two companies announced late last year.

(Logo: http://www.newscom.com/cgi-bin/prnh/20081124/LA48153LOGO)

DivX is a high-quality digital video technology that allows consumers to create and watch content on the PC, living room and on the go. The Samsung DivX certified HDTVs enables consumers to easily playback high-quality DivX video directly on the television. The new device joins a range of existing DivX Certified products from Samsung, including DVD players, mobile phones and more. Over 100 million DivX Certified(R) devices have already shipped worldwide from major manufacturers.

“We are proud to offer consumers a true cutting-edge experience with our line of leading digital televisions, and the addition of high-quality DivX video playback helps ensure that promise,” said Kyungshik Lee, Vice President of Visual Display Division at Samsung Electronics. “With Samsung flat-panel HD televisions in this year, it’s easy for consumers to enjoy all their favorite multimedia content from the PC or the Internet through a simple USB or Ethernet interface certified by DLNA.”

“Samsung Electronics has been a leader in adopting DivX technology across multiple product lines, from DVD players to mobile devices,” said Kevin Hell, Chief Executive Officer, DivX, Inc. “The release of the first DivX Certified Samsung HDTV marks a real milestone for consumers who want the freedom to enjoy their digital video whenever and however they choose.”

For more information on DivX Certification, visit www.divx.com.

About Samsung Electronics

Samsung Electronics Co., Ltd. is a global leader in semiconductor, telecommunication, digital media and digital convergence technologies with 2007 consolidated sales of US$105 billion. Employing approximately 150,000 people in 134 offices in 62 countries, the company consists of four main business units: Digital Media Business, LCD Business, Semiconductor Business, and Telecommunication Business. Recognized as one of the fastest growing global brands, Samsung Electronics is a leading producer of digital TVs, memory chips, mobile phones and TFT-LCDs. For more information, please visit www.samsung.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.

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. 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; 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.


Source: newswire



comments powered by Disqus