Panasonic to Release DivX Certified Blu-ray DVD Player
Next Generation DVD Player to be Available in Europe and Russia
SAN DIEGO & TOKYO--(BUSINESS WIRE)--DivX, Inc., a digital media company, (NASDAQ:DIVX) today announced the DivX® Certification of Panasonic's Blu-ray Disc (BD) Player (PN: DMP-BD30EG/EE).
“DivX has already become a de-facto standard on existing DVD players and we are well-positioned to repeat that success in the Blu-ray category. We’re pleased Panasonic continues to recognize DivX technology as an important feature on next-generation devices.”
The Panasonic Blu-ray Disc player, which joins a number of existing DivX Certified products from Panasonic, is scheduled to be released beginning in March and is expected to be the first DivX Certified® Blu-ray Disc Player available in Europe and Russia. Like Panasonic’s existing DivX Certified DVD players, the latest DivX Certified Panasonic Blu-ray disc player enables users to enjoy high-quality DivX video playback.
“In order to give our users access to the extremely popular, high-quality DivX format, we have introduced the first DivX-Certified Blu-ray Disc Player for Europe and Russia,” said Yuki Kusumi, Group Manager of Product Technology, Video Business Unit, Network Business Group, Panasonic AVC Networks Company, Matsushita Electric Industrial Co., Ltd. “The timely launch of this strategic product is a direct response to the strong demand for DivX playback among consumers. We are very confident this product will be very popular in the European and Russian markets.”
“The DivX Certified Panasonic Blu-ray Disc Player is a great device from a leader in next generation DVD technology, and marks an important strategic milestone in our growth into new product categories,” said Kevin Hell, CEO of DivX, Inc. “DivX has already become a de-facto standard on existing DVD players and we are well-positioned to repeat that success in the Blu-ray category. We’re pleased Panasonic continues to recognize DivX technology as an important feature on next-generation devices.”
Products that bear the DivX Certified logo have undergone a rigorous testing program to ensure a high quality DivX media experience that includes reliable video playback, excellent visual quality, and interoperability with other DivX Certified digital devices. The DivX logo has become a powerful symbol for a high-quality digital video experience across any device.
About DivX, Inc.
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.
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; 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.