On2 takes licence to produce DivX IP Video coresTuesday, September 15th, 2009
DivX and On2 Technologies Finland Oy Partner to Develop Multimedia Solutions for Mobile Devices and Set-top Boxes
SAN DIEGO and CLIFTON PARK, N.Y. — DivX, Inc. (Nasdaq: DIVX), a digital media company, and On2 Technologies Finland Oy, a leading supplier of embedded multimedia solutions to chip manufacturers, today announced a license agreement for DivX® technology. The agreement enables On2 Technologies Finland Oy to develop hardware-based Intellectual Property (IP) video cores for mobile devices and set-top boxes (STB) that are capable of decoding high quality DivX Home Theater video.
DivX technology produces compressed video that requires minimal storage for the highest quality media experience. This is particularly beneficial on mobile platforms due to their limited storage capacity. Mobile devices and STBs with DivX solutions embedded in their semiconductor chips are able to playback DivX video stored in internal memory, on microSD flash cards or USB drives.
“We are pleased to partner with DivX and bring the best of our two technologies together,” said Jani Huoponen, General Manager at On2 Technologies Finland Oy. “Chips embedded with our new IP core solutions that include DivX technology will allow mobile devices and STBs to play back the increasing amount of DivX digital video and premium Hollywood content now available for consumers to enjoy.”
“This partnership allows us to further expand the DivX ecosystem into two fast growing markets,” said Eric Rodli, Executive Vice President, Licensing at DivX. “We’re excited to work with On2 Technologies Finland Oy to enable consumers worldwide to enjoy their DivX video collections any time, on any device, from any manufacturer.”