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Dedicated DivXNetworks hardware - on the way
By Jon Newton, p2pnet.net
(more articles from this author)
2002-04-11
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Music Industry News - as it happens
Source: Mi2N - April 10, 2002

The arrival of a major new player in the high tech online digital media market could follow a strategic partnership agreement between digital product development and designers e.Digital Corp and DivXNetworks Inc, the company behind DivX MPEG-4 compatible video compression technology.

The two companies say they'll jointly develop and market DivX certified handheld DivX video players, DivX-enabled DVD players, home video jukeboxes, digital video recorders, digital set-top boxes, digital video cameras, and more, with the first product expected to be available by the end of the year. They'll also work together to integrate digital rights management (DRM) technology into the devices to ensure secure playback of high-quality digital video, they say.

"This partnership is a key step in our hardware strategy to integrate DivX technology across a range of next-generation convergence devices," said Jordan Greenhall, CEO and Co-Founder of DivXNetworks.

Jim Collier, President and COO of e.Digital said, "I don't think that it's possible to overestimate the importance of DivX video technology and the global influence it will have on entertainment media. It holds the promise to be to video what MP3 compression technology has been to audio, but on a much wider and far reaching scale. Its potential to become a streaming video standard, and its applications for use in portable video products, home network entertainment and storage systems, as well as automotive telematics applications make it one of the golden technologies of the decade."

Related News from Mi2N:
» E.Digital Corporation And DivXNetworks Form Strategic Partnership To Design And Develop DivX Video Devices


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