SAN DIEGO, Aug. 24 /PRNewswire-FirstCall/ -- DivX, Inc.
(Nasdaq: DIVX), a leading digital media company, and Samsung
Electronics Co. LTD, a leading mobile provider, today announced
that the Galaxy S™ is now DivX Certified® for HD video playback at
720p resolution. The Galaxy S is the world's first Android™ mobile
phone that is DivX Certified for HD and the second overall DivX HD
Certified phone, following the successful launch of the Samsung
Wave.
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Now available in the United
States, Europe and
Asia, the Galaxy S has a large
4-inch super AMOLED display, which delivers an unrivaled screen
quality for a better viewing experience. Powered by a 1GHz
processor, the Galaxy S dazzles with amazing 3-D graphics, faster
upload and download times, and a rich multimedia and gaming
experience. As an Android-powered device, the Galaxy S also
provides access to the more than 70,000 applications from Android
Market.
To enjoy DivX video on the Galaxy S, consumers can load their
video libraries of both standard definition and HD 720p movies in
the DivX format on the internal and external memory (expandable to
32GB) and then watch their collections anywhere they choose. In
addition, the Galaxy S can connect directly to other DivX Certified
devices, such as HDTVs, turning it into a powerful mobile set-top
box in the living room. The Galaxy S will also support the secure
playback of major Hollywood titles
in the DivX format from leading studios.
"The Galaxy S has exploded in popularity, and we are very
excited to join Samsung in promoting its new DivX HD capabilities,"
said Kevin Hell, Chief Executive Officer, DivX, Inc. "We're pleased
that Samsung recognizes the importance of the DivX brand in
providing their consumers with a seamless, high-quality
entertainment experience."
"Samsung continues to launch feature-rich devices packed with
innovative technologies," said Younghee
Lee, Senior Vice President, Samsung Electronics. "By
obtaining DivX HD Certification of our new Android-powered
multimedia smart phone, we're giving our customers the freedom to
enjoy their DivX videos up to 720p at home and on the go."
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 for viewing anytime, anywhere.
Products that bear the DivX Certified logo have undergone a
rigorous testing program to ensure a high-quality DivX media
experience, including reliable video creation and playback,
interoperability with other DivX Certified devices and the visual
quality users expect from DivX.
For more information about DivX, visit www.divx.com.
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 300 million DivX 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.
On June 2, 2010, DivX, Inc. and
Sonic Solutions announced a proposed merger transaction.
Sonic Solutions has filed with the Securities and Exchange
Commission (the "SEC") a registration statement on Form S-4
containing a preliminary joint proxy statement/prospectus in
connection with the proposed merger and both companies intend to
mail a definitive joint proxy statement/prospectus and other
relevant documents to Sonic and DivX shareholders following such
time that the registration statement is declared effective by the
SEC.
About Samsung Electronics Co., Ltd.
Samsung Electronics Co., Ltd. is a global leader in
semiconductor, telecommunication, digital media and digital
convergence technologies with 2009 consolidated sales of
US$116.8 billion. Employing
approximately 188,000 people in 185 offices across 65 countries,
the company consists of eight independently operated business
units: Visual Display, Mobile Communications, Telecommunication
Systems, Digital Appliances, IT Solutions, Digital Imaging,
Semiconductor and LCD. Recognized as one of the fastest growing
global brands, Samsung Electronics is a leading producer of digital
TVs, memory chips, mobile phones and TFT-LCDs. For more
information, please visit www.samsung.com.
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 potential
DivX Certification of new products. 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 that the DivX ecosystem may not grow as
anticipated due to failure of partner products to qualify for DivX
Certification; 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.
Additional Information
This press release is not a solicitation of a proxy, an offer to
purchase, nor a solicitation of an offer to sell shares of Sonic
Solutions, and it is not a substitute for any proxy statement or
other filings that may be made with the SEC with respect to the
merger. In connection with the proposed merger, Sonic
Solutions has filed a registration statement on Form S-4 containing
a joint proxy statement/prospectus of Sonic Solutions and DivX.
Investors and security holders are urged to carefully read the
Registration Statement on Form S-4 and related joint proxy
statement/prospectus and other documents filed with the SEC by
Sonic Solutions and DivX, because they contain important
information about Sonic Solutions, DivX and the proposed
transaction, including with respect to risks and uncertainties that
could delay or prevent the completion of the transaction. Such
documents are available free of charge at the SEC website
(www.sec.gov), from Sonic Solutions and its corporate website
(www.sonic.com) or from DivX and its corporate website
(www.divx.com).
Sonic Solutions, DivX and their respective directors, executive
officers and other members of their management may be deemed to be
soliciting proxies from shareholders of Sonic Solutions or DivX in
favor of the merger. Investors and stockholders may obtain more
detailed information regarding the direct and indirect interests in
the merger of persons who may, under the rules of the SEC, be
considered participants in the solicitation of these shareholders
in connection with the merger by reading the joint proxy
statement/prospectus described above. Additional information about
the directors and executive officers of Sonic Solutions may be
found in its definitive proxy statement filed with the SEC on
October 1, 2009. Additional information about the directors
and executive officers of DivX may be found in its definitive proxy
statement filed with the SEC on April 20, 2010. Such documents
are available free of charge at the SEC website (www.sec.gov), from
Sonic Solutions and its corporate website (www.sonic.com) or from
DivX and its corporate website (www.divx.com).
Android and Android Market are trademarks of Google Inc.
SOURCE DivX, Inc.
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