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Rovi Enters DivX Plus Streaming Licensing Agreement With Hisense(August 31, 2012)
BERLIN, Aug. 31, 2012 (GLOBE NEWSWIRE) -- IFA – Driving digital entertainment innovation, Rovi Corporation (Nasdaq:ROVI) and Hisense, a world leading CE manufacturer, today announced they are collaborating to integrate DivX Plus Streaming™ into a new range of Hisense Smart TVs. The latest agreement continues the momentum for the advanced adaptive streaming format, which has quickly gained the support of major studios, IC manufacturers, device makers, and retailers since being unveiled last year. Rovi will be demonstrating DivX Plus Streaming at IFA 2012, August 31 to September 5 (Hall 25, Stand 146) in Berlin.
"Hisense is constantly looking for ways to innovate and improve our product lines," said Chuansheng Zhang, Product Director, Hisense. "Bringing new features to over-the-top entertainment and helping virtually eliminate playback problems or interruptions, DivX Plus Streaming supports this mandate and will be a welcome addition to our Smart TVs."
DivX Plus Streaming brings a robust, cutting-edge feature set to streaming media that is typically characteristic of the Blu-ray Disc consumer experience. By dynamically adjusting video streams and delivering maximum visual quality based on available bandwidth, DivX Plus Streaming virtually eliminates skipping, pauses, and buffering during video playback. The solution supports 1080p high definition, subtitles, multiple language tracks, and trick-play features such as smooth fast forward and rewind, quick-start playback, and resume playback across devices. DivX Plus Streaming expands the value of the already popular DivX Plus® HD Certification program, which brings these same advanced multimedia features to 'download to own' video content.
"As the number one TV brand in China, Hisense will help us quickly build a large footprint of devices that support our DivX Plus Streaming technology in the region," said Matt Milne, EVP worldwide sales and marketing, Rovi Corporation. "Simultaneously, we are continuing to work with content owners and distributors in China to enable over-the-top storefronts that will provide convenient access to premium movies and TV entertainment in our advanced streaming format."
About Hisense Co. Ltd
Founded in 1969 as a small radio factory in China, Hisense has grown into a multibillion-dollar global conglomerate with a workforce of over 60,000 worldwide. Hisense is recognized as a world leading provider of flat panel TVs, household appliances, and mobile communications and is recognized as a top 10 player by large global institutions, such as Euromonitor, IDG, and the Consumer Electronics Association. Its 20+ subsidiaries are in the multimedia, household appliance, telecommunications, information technology, technology services, and real estate industries, while its products are sold in over 130 countries and regions throughout the world.
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 approximately 5,200 issued or pending patents worldwide and is headquartered in Santa Clara, California. More information about Rovi can be found at rovicorp.com.
The Rovi Corporation logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6482
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 June 30, 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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