SANTA CLARA, Calif., June 22, 2011 (GLOBE NEWSWIRE) -- Rovi Corporation (Nasdaq:ROVI) and LG Electronics have signed multi-year licensing agreements that expand their relationship and provide further integration of DivX® technology into a wider range of consumer electronics devices. LG's latest agreements support its plans to continue to promote the technology on devices beyond Blu-ray Disc players, to ultimately include HDTVs, in-car players, set-top boxes, tablets and mobile phones.
"We believe our collaboration with LG is an ideal combination of state-of-the-art devices, with optimized, multi-screen video playback," said Matt Milne, senior vice president of CE sales, Rovi. "We look forward to extending our valued relationship with LG and helping LG provide its customers consistent, high-quality video experiences, whether they are connected or offline, across multiple types of home entertainment and mobile devices."
The agreement with Rovi enables LG to implement DivX Plus® HD, the premium level of certification available, and will add to the more than half a billion home and mobile consumer electronics devices that have shipped with DivX technology. The newly DivX Plus HD Certified devices can play back DivX.MKV files up to 1080p and previous versions of DivX video.
"Consumers around the world know that when they see the DivX logo on an LG product, they can rest assured that their digital video files will play flawlessly," said Dr. Nandhu Nandhakumar, senior vice president, advanced technology, LG Electronics Inc. "Renewing our agreement with Rovi underscores LG's commitment to continue that level of quality for our customers."
The Rovi Certification program provides consumers with a digital media solution that makes it easy to transfer internet video for enjoyment on an extensive, multi-manufacturer ecosystem of consumer electronics devices with great video performance and visual quality. Certified DivX devices contain digital rights management technology to enable the playback of protected premium movies in the DivX format easily via optical disc, USB drive or streamed wirelessly over a home network using DLNA. Global online retailers offering Hollywood titles in the DivX format include Film Fresh, as well as the WB Shop, Media Markt, and Best Buy's CinemaNow, which are powered by the RoxioNow™ platform from Rovi.
About Rovi Corporation
Rovi Corporation is focused on revolutionizing the digital entertainment landscape by delivering solutions that enable consumers to intuitively connect to new entertainment from many sources and locations. The company also provides extensive entertainment discovery solutions for television, movies, music and photos to its customers in the consumer electronics, cable and satellite, entertainment and online distribution markets. These solutions, complemented by industry leading entertainment data, create the connections between people and technology, and enable them to discover and manage entertainment in an enjoyable form.
Rovi holds over 5,000 issued or pending patents worldwide and is headquartered in Santa Clara, California, with numerous offices across the United States and around the world including Japan, Hong Kong, Luxembourg, and the United Kingdom. More information about Rovi can be found at .
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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 March 31, 2011 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 Rovi Corporation 408 367 5231 chris.d.taylor@rovicorp.com John Taylor LG Electronics USA 847 941 8181 john.taylor@lge.com
