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Changhong Chooses Rovi's DivX for Integration in Digital TVs(March 21, 2013)
SANTA CLARA, Calif., March 21, 2013 (GLOBE NEWSWIRE) -- Rovi Corporation (Nasdaq:ROVI), driving digital entertainment innovation, today announced that Changhong, a leading consumer electronics manufacturer in China, has selected DivX® video solutions for integration into its digital TVs. Changhong plans to add DivX Plus® HD Certification into TVs and support DivX Plus Streaming™ in its Smart TV line. The combination is designed to enhance the consumer digital entertainment experience, providing high quality playback of personal, user generated and protected premium content in the DivX video format and providing support for a range of online digital storefronts.
"DivX solutions are an ideal complement to the cutting-edge feature set of our DTVs and Smart TV ranges," said Yu Wenjun, Overseas Marketing Director, Changhong. "DivX Certification ensures our televisions support video playback of the highest possible quality along with a range of online entertainment services that add value out of the box and increase consumer satisfaction."
This agreement marks a significant milestone for Rovi, as the company continues to garner momentum with OEMs and ODMs in China. The company has now secured licensing agreements with the top five DTV brands in China. These agreements should help drive consumer access to a wide range of premium video content in the DivX format. Rovi's DivX Plus Streaming solution builds upon core DivX video technologies and capabilities in order to foster broad device interoperability and enhance the playback quality of streaming entertainment.
"Rovi is extremely pleased to be working with innovative manufacturers such as Changhong, and we support their objective of offering consumers easy access to a range of high quality entertainment." said Simon Adams, SVP, Sales and Marketing, Consumer Electronics, Rovi Corporation. "As a leading manufacturer of digital TVs, Changhong's selection of DivX further validates the technology and Rovi's dedication to powering an advanced viewing experience."
DivX Plus® HD Certified devices enable the high quality playback of personal, user-generated and protected premium content in the DivX video format in video resolutions up to 1080p. To date, well over 750 million DivX devices have shipped worldwide. DivX movies can be transferred via optical disc, USB drive or SD cards, or streamed to any DLNA-compatible device in the home. DivX Plus Streaming expands the value of the DivX Certification program, which brings these same advanced multimedia features to 'download to own' video content. The advanced adaptive streaming format brings a cutting-edge feature set to streaming media that is typically characteristic of the Blu-ray Disc consumer experience.
Established in 1958 and produced its first TV in 1972, Changhong is now one of the largest consumer electronic products providers in China. The company recorded revenue of CNY 52 billion (around 8 billion U.S. dollars) in 2011. In 2012, Changhong brand value hit 12.6 billion. In the 45th session of the international Consumer Electronic Show (CES), Changhong was successfully selected to the Top 50 of global consumer electronics. Changhong has energy-saving core technology and both its flat-panel TV category and household refrigerators won "2012 China energy-saving products business leader list". Reliability engineering of Changhong is listed as 2012 quality standard of China.
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-K for the period ended December 31, 2012 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.
CONTACT: Chris Taylor
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