SAN DIEGO and BERLIN, Sept. 2
/PRNewswire/ -- DivX, Inc. (Nasdaq: DIVX), a leading digital media
company connecting people and entertainment, and Samsung
Electronics Co., Ltd., a global leader in mobile technology, today
announced at the IFA trade show that the GALAXY Tab is the world's
first DivX Certified® tablet. The Android-powered GALAXY Tab will
now power DivX HD™ video playback at home or on the go.
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Available to consumers first in Europe late September
2010 and soon after in the United
States and Asia, the GALAXY
Tab has a large 7-inch TFT display, which delivers an unrivaled
screen quality for a better viewing experience. Weighing in at only
.84 pounds (380g), it includes 16 GB or 32GB of internal storage
and 32 GB MicroSD expansion. The GALAXY Tab features a TouchWIZ
user interface, WiFi, GPS, rear and front facing cameras and also
acts as a mobile phone. In addition, as an Android-powered device,
the GALAXY Tab provides access to various applications from Android
Market™.
To enjoy high-quality DivX video on the Samsung GALAXY Tab with
no file conversion needed, consumers can load their video libraries
of both standard definition and HD movies in the DivX format on the
internal and external memory and then watch their collections
anywhere they choose. The GALAXY Tab will also connect directly to
other DivX Certified devices, such as HDTVs, turning it into a
powerful entertainment gateway in the living room. It will also
support the secure playback of major Hollywood titles in the DivX format from
leading studios.
"DivX has become a must-have feature on every kind of consumer
electronics device, and we're excited to enter the burgeoning
tablet market with Samsung's GALAXY Tab, a great product that
offers an incredible experience to users," said Matt Milne, Executive Vice President, Sales and
Marketing, DivX, Inc. "Now consumers throughout Asia, Europe
and the United States will be able
to enjoy their DivX movie collection on a breathtaking 7-inch
screen."
"We are extremely proud to debut our first tablet at IFA 2010
with leading multimedia partners like DivX," said Younghee Lee, Senior Vice President, Samsung
Electronics. "The GALAXY Tab is truly a ground-breaking product,
and we know that our customers will especially enjoy the ability to
enjoy their libraries of DivX HD video at home or on the go."
For more information about DivX, visit www.divx.com
For more information about Samsung Electronics, visit
www.samsung.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
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.
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
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.
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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