|By Business Wire||
|April 7, 2014 08:31 AM EDT||
DivX, LLC, a leading provider of next-generation digital video solutions, today announced the renewal of a multi-year licensing agreement with Samsung Electronics Co. Ltd. Under the agreement, Samsung will continue to offer DivX® video playback on popular consumer electronics devices and have licensed DivX HEVC Ultra HD, the company’s industry leading HEVC solution.
“We’re proud to continue our longstanding relationship with Samsung and we’re pleased that they’ve chosen our industry-best HEVC solution,” said Dr. Kanaan Jemili, CEO of DivX, LLC. “Samsung has been a leader in introducing high-quality 4K devices to the global market, and the addition of DivX HEVC technology will only strengthen that offering.”
Through the licensing renewal, Samsung will continue to offer DivX, DivX HD, DivX Plus Streaming and DivX Ultra HD playback on a wide range of consumer electronics devices. DivX Certified® devices can easily play back personal and protected Hollywood entertainment in DivX profiles.
The DivX end-to-end HEVC solution is designed to accelerate the adoption of the latest compression standard across the entire video distribution system. The solution comprises new MainConcept® encoding SDKs for professional content creators; the DivX Video Service™ with DivX DRM for protected content delivery for service providers, mobile operators and content retailers across multi-screen devices; DivX 10 consumer software tools for PC-based DivX HEVC creation and playback, and an extension to the DivX Certification program to allow IC and OEM customers to quickly bring to market mobile and consumer electronics products that support high-quality DivX HEVC playback. DivX HEVC Certified Devices will support an advanced feature set for media playback including multi-language subtitles and audio tracks, trick-play track for smooth fast forward and rewind, chapter points for quick scene navigation, and resume playback across devices. To date, over one billion DivX devices, including over 30,000 unique models, have shipped worldwide from multiple major consumer electronics brands. DivX recently received a 2014 Best Ultra HD Codec award from Ultra HDTV Magazine for its DivX 10 software and MainConcept HEVC SDK.
DivX will be exhibiting at the NAB tradeshow in Las Vegas, April 7-10, 2014 at booth SU-9110. Attendees will have the opportunity to view live demonstrations of the company’s end-to-end solution powering the creation, protected delivery and multiscreen playback of next-generation video, including 4K content using the new compression standard HEVC. For all DivX related news from NAB visit: www.divx.com.
About DivX LLC
DivX is a leading provider of next-generation digital video technologies for Over-The-Top services from content preparation, to protected delivery and multiscreen playback of high-quality video across consumer electronics devices and mobile platforms. DivX, along with its subsidiary MainConcept, is accelerating the adoption of the HEVC/H.265 video standard across the video supply chain with solutions for 3rd party software integration, transcoding applications, and protected playback on consumer electronics devices.
Forward Looking Statements
All statements contained herein that are not statements of historical fact, including statements that use the words “will” or “is expected to,” or similar words that describe the Company’s or its management’s future plans, objectives, or goals, are “forward-looking statements” and are made pursuant to the Safe-Harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause the actual results of the Company to be materially different from the historical results and/or from any future results or outcomes expressed or implied by such forward-looking statements. Such factors are further addressed in the Company’s most recent report on Form 10-K for the period ended December 31, 2012 and such other documents as are filed with the Securities and Exchange Commission from time to time (available at www.sec.gov). The Company assumes no obligation to update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release, except as required by law.