Barcelona, Spain (February 15, 2010) — Sonic Solutions® (NASDAQ: SNIC) and DivX, Inc. (NASDAQ: DIVX), a leading digital media company, today announced at Mobile World Congress an expanded partnership to enable the digital distribution of an extensive catalogue of premium titles on DivX Certified® mobile devices. Through the partnership, Sonic and DivX will make it easy to transfer and playback hit movies on mobile phones.*
Sonic has established a leadership position in the delivery and management of premium digital video content through its Roxio CinemaNow™ platform, which is powering digital entertainment delivery for leading retailers including Best Buy and Blockbuster. The DivX mobile program includes three of the world’s top tier mobile phone manufacturers such as LG and Samsung, complementing its broader ecosystem of more than 250 million consumer electronics devices from major OEMs that playback secure, premium content in the DivX format. Together, DivX and Roxio CinemaNow can provide mobile carriers, retailers and OEMs a full solution for the end-to-end distribution of premium entertainment. For consumers, the collaboration enables them to easily enjoy entertainment beyond the PC through virtually any kind of consumer electronics product — from mobile phones to Blu-ray devices, gaming consoles, digital televisions and in-car systems.
DivX Certified phones are all tested to guarantee high-quality DivX video playback. DivX technology produces highly compressed video that requires minimal storage for the highest quality media experience on a mobile platform. In fact, a standard definition movie can be compressed into just 1GB using DivX technology; a size that can easily be stored on a mobile phone for viewing anytime, anywhere. Users can also store up to 10 DVD quality movies on their phone with 8GB of internal memory or a removable card, and watch their collection anywhere they choose. With high-quality resolution DivX playback, consumers who own phones with a TV-Out feature can playback video content from their phone directly on the TV turning their device into a powerful portable media player.
For even higher quality playback with a home theater-like experience at any resolution, DivX Mobile Theater takes advantage of improved IC capabilities to ensure compatible phones support studio requirements for premium content playback in the DivX format, provide true DVD-like quality, and offer an improved user experience.
“DivX has built a robust mobile program that makes it simple for consumers to enjoy high-quality DivX movies on their phones without having to convert the file in order to watch it,” said Kevin Hell, CEO, DivX, Inc. “The combination of Roxio CinemaNow and DivX will bring instant access to an unparalleled library of premium content for easy movie viewing anytime, anywhere.”
“The Roxio CinemaNow platform enables retailers and consumer electronics companies to participate in the entertainment supply chain, add value to product offerings and form ongoing relationships with customers,” said Dave Habiger, President and CEO, Sonic Solutions. “Together with DivX, we look forward to broadening our mobile reach and enhancing the digital home entertainment experience for consumers.”
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 250 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.
About Sonic Solutions
Sonic Solutions® (NASDAQ: SNIC) is powering the digital media ecosystem through its complete range of Hollywood to Home™ applications, services, and technologies. Sonic’s Roxio® products enable consumers to easily manage and enjoy personal digital media content as well as premium Hollywood entertainment on a broad range of connected devices. A wide array of leading technology firms, professionals, and developers rely on Sonic to bring innovative digital media functionality to next-generation devices and platforms. Sonic Solutions is headquartered in Marin County, California.
Forward Looking Statements
This release may contain forward looking statements that are based upon current expectations, including the launch, distribution, and market acceptance of Roxio CinemaNow-powered services. Actual results could differ materially from those projected in the forward looking statements as a result of various risks and uncertainties, including those discussed in Sonic Solutions' annual and quarterly reports on file with the Securities and Exchange Commission. This press release should be read in conjunction with Sonic Solutions' most recent annual report on Form 10-K, Form 10-Q and other reports on file with the Securities and Exchange Commission, which contain a more detailed discussion of the Company's business including risks and uncertainties that may affect future results. Sonic Solutions does not undertake to update any forward looking statements.
Sonic, the Sonic logo, Sonic Solutions, Roxio, CinemaNow, and Hollywood to Home, are trademarks or registered trademarks owned by Sonic Solutions in the United States and/or other countries. All other company or product names are trademarks of their respective owners and, in some cases, are used by Sonic Solutions under license. Specifications, pricing and delivery schedules are subject to change without notice.
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.
