DivX Signs Major Renewal with Sharp
Expanded Agreement includes Worldwide Licensing of DivX HEVC and DivX (DIVX) Plus Streaming
LAS VEGAS--(BUSINESS WIRE)-- CONSUMER ELECTRONICS SHOW 2014 Rovi Corporation (ROVI) today announced that Rovi and Sharp Corporation have agreed to renew a multi-year DivX ® licensing agreement. The new agreement enables Sharp to integrate DivX HEVC technology in its next-generation AQUOS® TVs and AQUOS® Blu-ray disc recorder product lines to support the high-quality streaming and playback of DivX HEVC HD 720p/1080p and UltraHD/4K HEVC content. In addition, the agreement includes use of Rovis adaptive streaming solution, DivX Plus Streaming®.
Sharp is a leader in the global consumer electronics device industry, and our new agreement is a significant milestone in our continued efforts to accelerate broad market adoption of HEVC, said Dr. Kanaan Jemili, senior vice president, product management at Rovi. Our continued collaboration with Sharp will enable us to gain even more momentum with driving HEVC and UltraHD/4K forward while also bringing cutting-edge features for consumers enjoyment of high-resolution content.
DivX HEVC is part of an end-to-end solution helping to accelerate the adoption of the next-generation compression standard across the entire video distribution system. The solution includes MainConcept® encoding SDKs for professional content creators, the DivX Video Service" with DivX DRM for protected content delivery across multi-screen devices, and popular DivX consumer software tools for PC-based content creation and playback. In addition, DivX HEVC will be integrated to the DivX Certification program that allow IC and OEM customers to quickly bring to market mobile and consumer electronics products that enable consistently high-quality DivX HEVC video playback.
DivX plans to host private meetings and product demonstrations for industry executives during the CES tradeshow in Las Vegas, January 7-10 at Caesars Palace. Invited attendees will have the opportunity to view live demonstrations of the companys end-to-end solution powering the creation, delivery and multiscreen playback of next-generation video, including 4K content using the new compression standard HEVC/H.265. For all DivX related news from CES visit: www.divx.com/pressreleases.
About Rovi Corporation
Rovi is leading the way to a more personalized entertainment experience. The companys pioneering guides, data, and recommendations continue to drive program search and navigation on millions of devices on a global basis. With a new generation of cloud-based discovery capabilities and emerging solutions for interactive advertising and audience analytics, Rovi is enabling premier brands worldwide to increase their reach, drive consumer satisfaction and create a better entertainment experience across multiple screens. The company holds over 5,000 issued or pending patents worldwide and is headquartered in Santa Clara, California. Discover more about Rovi at Rovicorp.com.
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 Companys or its managements 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 Companys most recent report on Form 10-Q for the period ended September 30, 2013 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.
Chris Taylor, 408-562-3077
Source: Rovi CorporationCopyright Business Wire 2014