Dedicated DivXNetworks hardware - on the way
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