DivX and Vuze Partner to Enable Premium Video Content on the DivX Connected™ Platform
High-Quality Video Content from Vuze Brought to the Living Room Through DivX Connected Devices
LAS VEGAS--(BUSINESS WIRE)--DivX, Inc. (NASDAQ: DIVX) and Vuze, a rapidly growing open entertainment platform for professionally produced content with an established audience of more than 16 million users, today announced an agreement to create a Vuze service to distribute premium content via DivX ConnectedTM, a solution that provides consumers with easily accessible high-quality digital media content and services through a variety of consumer electronics devices.
“Innovative companies like Vuze are demonstrating the disruptive nature of online video distribution, especially when combined with Vuze’s outstanding roster of content creators”
The online Vuze service offers a rich depth of video content, including a large amount of HD content. Leading international content brands, including A&E, the BBC, National Geographic, PBS, and Showtime, as well as hundreds of premier production studios and thousands of maverick content creators distribute shows through the Vuze platform. Selections from the Vuze library will become available to DivX Connected users, extending the Vuze experience beyond the PC and into the living room. The first DivX Connected device available to consumers from D-Link is presently for sale online in the UK, France, and Germany and will be released in the US later this year.
“Vuze is an open platform for the distribution of high quality premium entertainment content, and we are thrilled to give our users the ability to watch that content the way they choose,” said Gilles BianRosa, CEO of Vuze. “Because it is high resolution, Vuze content looks terrific on a large screen. DivX Connected provides a great way to extend the Vuze experience beyond the PC.”
“Innovative companies like Vuze are demonstrating the disruptive nature of online video distribution, especially when combined with Vuze’s outstanding roster of content creators,” said Jerome “Gej” Vashisht-Rota, Co-founder, Vice President & Group Business Manager, Media Experience, at DivX, Inc. “Vuze and DivX Connected make a great team to bring truly compelling content to the living room for a powerful cinematic experience.”
Vuze is the world's most popular entertainment platform for DVD-quality and HD video content. With an installed base of 16 million unique client downloads in its first 11 months, 500,000 new viewers joining per week and more than 100 content partners to date, Vuze is experiencing unprecedented organic growth. Vuze attracts and features high quality content from a growing roster of global television networks, premier production studios and thousands of maverick content creators, on the most advanced, most open entertainment platform ever created. Vuze, Inc, formerly known as Azureus, Inc., is headquartered in Palo Alto, with offices in Los Angeles, Paris, and New York.
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 the anticipated benefits of the agreement between Vuze and DivX, DivX’s customers and shareholders, activities expected to occur in connection with the agreement, and the expected increase to DivX’s market opportunity related to its DivX Connected consumer electronics device. 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 Vuze agreement with DivX may not materialize to the extent expected, or at all; risks related to the uncertainty surrounding DivX’s success in developing the DivX Connected consumer electronics device; risks related to the timely development of DivX Connected consumer electronics devices; risks related to the anticipated consumer adoption and benefits of DivX Connected consumer electronics devices; the risk that the anticipated market opportunities may not materialize as expected, or at all; 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.