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DivX Showcases DivX Live Streaming and DivX HEVC 4K Streaming at CESLAS VEGAS --(Business Wire)-- Rovi Corporation (NASDAQ: ROVI) is introducing new DivX technologies and showcasing some of the latest innovations designed to accelerate broad market adoption of High Efficiency Video Coding (HEVC/H.265). During CES (News - Alert) 2014, DivX plans to host a range of demonstrations of DivX HEVC technology including DivX Live and DivX HEVC UltraHD/4K in collaboration with industry leaders. DivX is also launching updates to DivX 10 and its MainConcept HEVC SDK to enable consumers and professionals to apply the benefits of the latest compression technology to reduce file sizes and create UltraHD/4K content experiences. "During CES 2014, we are showcasing what represents the culmination of a significant, two-year development effort designed to enable the entertainment ecosystem to use HEVC to recognize new video delivery efficiencies and drive high-quality video experiences," said Dr. Kanaan Jemili, senior vice president, product management at Rovi. "Working with other pioneers fueling the market for HEVC, we are hosting live cutting-edge demonstrations that showcase the true power of HEVC and how DivX HEVC technologies can be used to enable the live and on-demand streaming of next-generation video experiences to a broad range of home and mobile devices." DivX HEVC, 4K and Live Streaming Demonstrations During CES 2014
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 company's 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 powers the discovery, delivery, display and monetization of digital entertainment. With innovative technology solutions for consumer electronics manufacturers, service providers, content producers, advertisers, retailers and websites, Rovi connects people and the entertainment they love. The company holds over 5,000 issued or pending patents worldwide and is headquartered in Santa Clara, California. More information about Rovi can be found 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 Company's or its management's 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 Company's 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 http://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.
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