Leading Korean Streamer Watcha Signs IP License Agreement With DivX

Watcha to benefit from the global portfolio of DivX video technology patents.

SAN DIEGO--(BUSINESS WIRE)--DivX, LLC, a pioneer in digital video technology, today announced that Watcha, Inc., a leading Korean video streaming platform, has signed an intellectual property (IP) licensing agreement.

“We are excited to reach an agreement with Watcha, and welcome them to our expanding family of licensees,” said Noel Egnatios, DivX’s CEO.

For over twenty years, DivX has established itself as a global leader in the research and development of innovative digital video technology and will continue licensing its broad portfolio to companies around the world.

About DivX, LLC

DivX, LLC develops innovative technology to provide extraordinary digital entertainment experiences on any device. Since 2000, DivX has been setting the standard for high-quality digital video by creating pioneering technologies for consumers, device manufactures and streaming services around the world. DivX licenses its technology to enable stunning video playback, and major consumer electronics brands have shipped 1.7 billion DivX-enabled devices worldwide. DivX also licenses its global portfolio of foundational video patents to leading consumer electronics and video streaming companies. The DivX consumer software has over 1 billion worldwide downloads and provides consumers the tools to play, convert and cast their content. DivX is headquartered in San Diego, California. For more information, please visit www.divx.com.