Berlin, Germany– August 30, 2007– Accedo Broadband and DivX, Inc. today announced that Accedo’s diverse selection of TV gaming services will be integrated into the DivX Connected platform. Demonstrating the flexibility and robustness of the DivX Connected solution, users will not only be able to access their high quality video or music content but can also play Funspot TM casino games, sudoku puzzles or enjoy their favorite board games in the comfort of the living room.
DivX Connected is a powerful, easy-to-use open platform that brings a high-quality digital media experience to the living room, allowing consumers to access media content and services from the PC and Internet through a range of consumer electronics devices. The first DivX Connected devices from consumer electronics manufacturers are expected to be available in retail outlets in the fourth quarter of 2007. The Funspot™ service is currently the largest casual gaming service for online consumer electronics and IPTV, with a large selection of arcade, puzzle and quiz games for all ages.
“FunspotTM from Accedo is a very powerful proposition for interactive games in front of the TV. By integrating our offering with DivX Connected we are expanding the audience for such broadband-enabled services that successfully use remote control interaction and a user interface suited for‘10-feet viewing,’” said Michael Lantz, CEO of Accedo Broadband.“The openness and sophistication of the user experience delivered by the DivX Connected platform makes for a seamless integration of the offerings from Accedo. We are sure Connected owners are going to love to play our FunspotTM games.”
“We are very excited to add compelling third-party services and high-quality games like those from Accedo to the overall experience we’ll offer to DivX Connected users,” said Jerome“Gej” Vashisht-Rota, Co-founder, Vice President&Group Business Manager, Media Experience, at DivX, Inc.“We believe in a truly open platform that offers a wide variety of high-quality media and entertainment options for users and we look forward to adding more services to the platform as we move forward.”
About Accedo Broadband
Accedo Broadband is a leading provider of interactive content and applications for IPTV and broadband enabled consumer electronics. Accedo Broadband provides the largest available multi-platform portfolio of IPTV applications, Accedo Application Portfolio™, containing e.g. IPTV games, quizzes, puzzles, video art, comics, karaoke, weather and communication. Accedo offers a turnkey solution compatible with most IPTV and online CE platforms including a provisioning solution managed and run by Accedo Broadband which saves resources and reduces investment needs for the service provider.
Accedo is a privately held company founded by telecom and media entrepreneurs Michael Lantz and Fredrik Andersson. Accedo Broadband is headquartered in Stockholm, Sweden with branch offices in London, San Francisco and Hong Kong.
For more information, visit www.accedobroadband.com
About DivX, Inc.
DivX creates products and services designed to improve the experience of media. Our first product offering was a video compression-decompression software library, or codec, which has been actively sought out and downloaded over 240 million times since January 2003, including over 80 million times during the last twelve months. We have since built on the success of our codec with other consumer software, including the DivX Player application, which is distributed from our website, www.divx.com. We also license our technologies to consumer hardware device manufacturers and certify their products to ensure the interoperable support of DivX-encoded content. In addition to technology licensing to consumer hardware device manufacturers, we currently generate revenue from software licensing, advertising and content distribution.
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 activities expected to occur in connection with the Company’s relationship with Accedo, anticipated features, benefits and performance of the DivX Connected platform and products, and expectations for the timing of availability of certain DivX Connected devices to the retail market. 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 related to the implementation of the Company’s relationship with Accedo, the risk that the DivX Connected platform may not provide features, benefits or performance at the levels and quality anticipated, the risk that DivX Connected devices may not be available to the retail market when expected, or at all, 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; DivX's ability to penetrate existing and new markets; 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 August 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.