DivX and Veoh Networks Partner to Bring Online Video To The Digital Living Room Through DivX Connected™
January 7, 2008
LAS VEGAS, NV – (January 7, 2008) – DivX, Inc. (NASDAQ:DIVX) and Veoh Networks, Inc. (www.veoh.com) today announced an agreement that will bring Veoh's leading Internet television service to viewers through the DivX ConnectedTM platform. The partnership will enable consumers to easily access many of their favorite Web videos from Veoh on a variety of consumer electronics devices.
Under the terms of the agreement, Veoh will make some of its most exciting and unique video content from its popular Veoh.com site accessible on DivX Connected devices, extending the content experience beyond the limits of 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 in 2008.
"By creating a Veoh service on the DivX Connected platform, we offer consumers a compelling solution that allows them to watch internet television in the comfort of their living rooms," said Joshua Metzger, SVP Corporate Development, Veoh Networks, Inc. "Our partnership with DivX further emphasizes Veoh's commitment to making it as easy as possible for viewers to find, watch, and discover great video content wherever and whenever they want to."
"The explosion of internet video has created a real desire from viewers and filmmakers for solutions that seamlessly bridge the gap between the home computer and the home theater," said Jerome "Gej" Vashisht-Rota, Co-founder, Vice President & Group Business Manager, Media Experience, at DivX, Inc. "By using an open approach, DivX Connected brings together low-cost consumer electronics with cutting-edge online services, including popular video sites like Veoh, to create a uniquely enjoyable consumer experience."
For more information on DivX Connected, see www.divx.com/connected. For more information on Veoh, see www.veoh.com.About Veoh Networks, Inc.
Named one of AdWeek's Top 10 Digital Hotlist sites in 2007, Veoh Networks is an innovative Internet Television company that delivers broadcast-quality video programming via the Internet.
The Veoh Networks portfolio includes Veoh.com, one of the most popular video hosting services on the Internet, and VeohTV, a free downloadable application that turns online video into Internet Television. Veoh.com has more than 100,000 content publishers - from CBS, Lions Gate, PBS, National Lampoon, Road and Track and Us Magazine to thousands of independent filmmakers and content producers - and currently attracts over 21 million unique users per month. VeohTV makes it easy to turn any computer into a digital video recorder that allows viewers to watch and record shows from thousands of Internet video sources. For advertisers, Veoh offers compelling ways of engaging with a targeted audience and measuring performance of their ad buys.
Veoh Networks is a privately held company that is backed by leading technology and media investors, including Goldman Sachs, Shelter Capital Partners, Spark Capital, Michael Eisner's Tornante Company, Time Warner Inc., Tom Freston and Jonathan Dolgen. The company's principal offices are in Los Angeles and San Diego, California.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.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 the anticipated benefits of the agreement between Veoh Networks, Inc. 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 DivX Connected consumer electronics devices. 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 Veoh Networks, Inc. agreement with DivX may not materialize to the extent expected, or at all; risks related to the uncertainty surrounding DivX's success in developing DivX Connected consumer electronics devices; 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 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.
Gaude Lydia Paez
Dan Klores Communications