SAN DIEGO and AMSTERDAM, Sept.
13 /PRNewswire/ -- DivX, Inc. (Nasdaq: DIVX), a leading
digital media company connecting people and entertainment, and
TechniSat Digital GmbH, a leading consumer electronics organisation
with headquarters in Germany,
today announced an agreement to bring DivX technology to TechniSat
digital set-top-box devices, as well as digital televisions, for
the German retail market.
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With over 300 million DivX devices shipped to the market from
major manufacturers, DivX Certification has become synonymous with
the ability to playback high-quality digital video files from the
Internet in the living room or on the go. DivX Certified
set-top-boxes from TechniSat will enable consumers to easily enjoy
their collection of DivX videos on the television through simple
USB playback. Additionally, DivX Certified TechniSat devices will
support the playback of secure, premium Hollywood content in the DivX format from
major studios including Sony Pictures, Paramount, Warner Brothers,
Lion's Gate and Starz Entertainment.
"We're excited to partner with TechniSat to bring the first DivX
Certified set-top-boxes to the German market," said Malachi Bierstein, Director and General Manager
of EMEA, DivX, Inc. "DivX technology provides a number of
advantages to set-top box manufacturers looking to provide
consumers with access to the catalogue of high-quality IP-delivered
video content. The collection of premium DivX titles available from
multiple online retailers, including Media Markt in Europe, coupled with a strong global brand,
superior performance and video quality make DivX the ideal solution
for the next generation of set-top boxes."
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
high-quality users expect from DivX.
For more information about DivX, visit www.divx.com.
For more information about TechniSat, visit
http://www.technisat.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.
On June 2, 2010, DivX, Inc. and
Sonic Solutions announced a proposed merger transaction. Sonic
Solutions has filed with the Securities and Exchange Commission
(the "SEC") a registration statement on Form S-4 containing a
preliminary joint proxy statement/prospectus in connection with the
proposed merger and both companies intend to mail a definitive
joint proxy statement/prospectus and other relevant documents to
Sonic and DivX shareholders following such time that the
registration statement is declared effective by the SEC.
About TechniSat Digital GmbH:
TechniSat Digital Group is a leading consumer electronics
organisation with headquarters in Germany. Specialising in premium DVB products,
TechniSat designs, develops and manufactures a range of digital
receivers, PVRs, PC cards, CA Modules and IDTVs with embedded
Conditional Access and Common Interface for SD and HD services.
TechniSat has production facilities in Germany and Europe as well as R&D in Germany, Poland and the UK. The products are designed
and developed by TechniSat Digital's hardware and software
engineering teams which have in-depth DVB expertise. Many CA
vendors, such as CONAX, Cryptoworks/Irdeto, Nagravision, Viaccess,
NDS and others, have licensed TechniSat Digital as a preferred
business partner.
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.
Additional Information
This press release is not a solicitation of a proxy, an offer to
purchase, nor a solicitation of an offer to sell shares of Sonic
Solutions, and it is not a substitute for any proxy statement or
other filings that may be made with the SEC with respect to the
proposed merger. In connection with the proposed merger,
Sonic Solutions has filed a registration statement on Form S-4
containing a joint proxy statement/prospectus of Sonic Solutions
and DivX. Investors and security holders are urged to carefully
read the Registration Statement on Form S-4 and related joint proxy
statement/prospectus and other documents filed with the SEC by
Sonic Solutions and DivX, because they contain important
information about Sonic Solutions, DivX and the proposed
transaction, including with respect to risks and uncertainties that
could delay or prevent the completion of the transaction. Such
documents are available free of charge at the SEC website
(http://www.sec.gov/), from Sonic Solutions and its corporate
website (www.sonic.com) or from DivX and its corporate website
(http://www.divx.com/).
Sonic Solutions, DivX and their respective directors, executive
officers and other members of their management may be deemed to be
soliciting proxies from shareholders of Sonic Solutions or DivX in
favor of the proposed merger. Investors and stockholders may obtain
more detailed information regarding the direct and indirect
interests in the proposed merger of persons who may, under the
rules of the SEC, be considered participants in the solicitation of
these shareholders in connection with the proposed merger by
reading the joint proxy statement/prospectus described above.
Additional information about the directors and executive officers
of Sonic Solutions may be found in its definitive proxy statement
filed with the SEC on October 1, 2009. Additional information
about the directors and executive officers of DivX may be found in
its definitive proxy statement filed with the SEC on April 20,
2010. Such documents are available free of charge at the SEC
website (http://www.sec.gov/), from Sonic Solutions and its
corporate website (http://www.sonic.com/) or from DivX and its
corporate website (http://www.divx.com/).
SOURCE DivX, Inc.
Copyright . 13 PR Newswire
