Roxio to Support DivX 6 Video Technology; Next Version of DivX Video to Offer Higher Performance, Advanced Media Features
LAS VEGAS, NV -- Jan. 6, 2005 -- Roxio, a division of Sonic Solutions (Nasdaq:SNIC) and producer of the best-selling digital media software in the world, and DivXNetworks Inc., the company that created the revolutionary, patent-pending DivX(R) video compression technology, announced today that Roxio will include support for the next version of DivX 6 in its leading digital media software products, including the next generation of the market-leading Roxio Easy Media Creator(TM).
DivX 6, currently in beta and scheduled for official release in the first quarter of 2005, is a high-performance video technology that enables anyone to create full-featured, highly-compressed video for playback on a range of DivX Certified devices, including DVD players, portable media players, set top boxes and more. DivX 6 is designed to enable the ultimate media experience with advanced new multimedia features including interactive video menus. The new release will also offer compression and visual quality ratios superior to any other video codec on the market.
“DivX is very pleased to be working with Roxio to provide the enhanced features and improved visual quality of DivX 6 that will offer an entirely new digital video experience for Roxio users -- with better performance, visual quality and wider interoperability than any other video technology on the market,” said Jordan Greenhall, founder and chief executive officer at DivXNetworks, Inc. “Most importantly, Roxio users will be able to create video files with new DivX features that are entirely interoperable with millions of DivX Certified DVD players and other devices.”
A DivX Licensed software partner, Roxio currently supports DivX video functionality on its leading consumer products including Easy Media Creator(TM) 7 and VideoWave(R) 7 Professional. With the addition of DivX 6 support, users will be able to easily create high-quality, highly-compressed DivX discs with interactive video menus.
“DivX is already among the most popular video technologies in the world. The next version promises significant enhancements in compression and visual quality as well as new features that we believe will be very compelling to our customers,” said Dave Habiger, senior vice president and general manager of Sonic’s Roxio division. “We are pleased to extend our partnership with DivXNetworks, and we look forward to working together to bring this great new technology to consumers.”
DivXNetworks is providing a full demonstration of the DivX video ecosystem by invitation at the Consumer Electronics Show in Las Vegas, Nevada.
DivXNetworks is a consumer-focused video technology company positioned at the center of multimedia convergence. The company’s core offering is the DivX(R) video codec, among the world’s most popular video compression technologies with over 160 million users worldwide. Often called “the MP3 of video,” the patent-pending DivX video technology offers DVD-quality at 10 times greater compression than MPEG-2 files, enabling full-length films to easily fit on a CD or be delivered over broadband connections. DivX video technology powers a range of applications that span the convergence value chain, from a secure IP-based video-on-demand solution to next-generation consumer electronics products and video software applications. DivXNetworks is headquartered in San Diego, California.
Roxio, a division of Sonic Solutions, provides the best selling digital media software in the world. Roxio makes award-winning software products for CD/DVD burning, photo editing and video editing, and its current installed base is in excess of 100 million users. Roxio distributes its products globally through strategic partnerships with major hardware manufacturers, in stores with the leading worldwide retailers, through Internet partnerships and also sells its products direct at www.roxio.com.
Roxio’s parent company, Sonic Solutions (NASDAQ:SNIC) (http://www.sonic.com) is the leader in digital media software, providing a broad range of interoperable, platform independent software tools and applications for creative professionals, business and home users, and technology partners. Sonic’s products range from advanced DVD authoring systems and interactive content delivery technologies used to produce the majority of Hollywood DVD film releases, to the award-winning Roxio- and Sonic-branded CD and DVD creation, playback and backup solutions that have become the premiere choice for consumers, prosumers and business users worldwide. Sonic’s digital media creation engine is the de facto standard and is licensed by major software and hardware manufacturers, including Adobe, Microsoft, Scientific-Atlanta, Sony, and many others. Sonic Solutions is headquartered in Marin County, California.
Sonic, the Sonic logo, Sonic Solutions, Roxio, Roxio Easy Media Creator, and VideoWave are trademarks or registered trademarks of Sonic Solutions or its subsidiaries in the United States and/or other countries. All other company or product names are trademarks of their respective owners and, in some cases, are used by Sonic Solutions under license.
Forward Looking Statements
The above paragraphs of this press release may contain forward looking statements that are based upon current expectations. Actual results could differ materially from those projected in the forward looking statements as a result of various risks and uncertainties including, among others, the timely introduction and acceptance of new products, costs associated with new product introductions, the transition of products to new hardware configurations and platforms and other factors, including those discussed in the Company’s annual and quarterly reports on file with the Securities and Exchange Commission. This press release should be read in conjunction with the Company’s most recent annual report on Form 10-K, Form 10-Q and Registration Statement on file with the Securities and Exchange Commission, which contain a more detailed discussion of the Company’s business including risks and uncertainties that may affect future results. The Company does not undertake to update any forward looking statements.
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