Saturday, October 25, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Internet Explorer 11 Toolkit Allows Enterprise Admins "Spy" On Their Employees
FCC Says Airwave Auction To Delay Until 2016
HP Broadens Moonshot Portfolio With Intel-powered Models
Microsoft To Keep Nokia Brand For Low-end Smartphones
LG Introduces Its First Octa-Core Application Processor
Cloud and Surface 3 Drive Microsoft's Revenue
Micron Urges Investors To Reject TRC Capital's Unsolicited Tender Offer
Facebook Returns To Chat Roots With Rooms App
Active Discussions
Copied dvd's say blank in computer only
How to generate lots of different CDs quickly
Yamaha CRW-F1UX
help questions structure DVDR
Made video, won't play back easily
Questions durability monitor LCD
Questions fungus CD/DVD Media, Some expert engineer in optical media can help me?
CD, DVD and Blu-ray burning for Android in development
 Home > News > General Computing > Sonic t...
Last 7 Days News : SU MO TU WE TH FR SA All News

Wednesday, June 02, 2010
Sonic to Acquire DivX


Sonic Solutions and DivX, Inc. today jointly announced that they have signed a definitive merger agreement for Sonic Solutions to acquire DivX, Inc.

Under the terms of the agreement, approved by the boards of directors of both companies, Sonic would acquire all the outstanding shares of DivX and merge DivX operations into those of Sonic. The acquisition, which is expected to close in September 2010, is subject to approval of the shareholders of both companies as well as applicable regulatory approvals and customary closing conditions.

For more than 20 years, Sonic has been developing technologies for the preparation and delivery of entertainment content in popular formats - CD, DVD, Blu-ray Disc and most recently Internet delivery of video. DivX is expected to enable Sonic to deepen and broaden the technology it offers for Internet-based video delivery and expand its relationships with retailers and consumer electronics manufacturers.

DivX enables consumers to enjoy a high-quality video experience across any kind of device. The DivX brand is recognized worldwide and supported by a community of millions of consumers. DivX technology - encoders for formatting video, decoders for playback, and digital rights management (DRM) for content protection - resides on over 300 million devices shipped into the global market from all major CE manufacturers including over 8,500 models of digital televisions, DVD and Blu-ray Disc players, and over 80 different mobile handsets.

Sonic believes that the acquisition of DivX wiil be accretive to Sonic?s shareholders, potentially doubling fiscal year 2012 earnings per share on a non-GAAP basis. The DivX technologies are also expected to give Sonic a more extensive solution for Internet video delivery including the dominant tools for content preparation in "the cloud," video playback, and Hollywood-approved DRM. Finally, DivX is expected to provide leverage to Sonic's strategy of consumer electronics deployment - the DivX player and DRM is deployed in products from more than 150 different CE manufacturers worldwide on millions of devices.

"Our studio, storefront, and consumer electronics partners agree: they want a clear and efficient path to deliver premium content to their customers," said Dave Habiger, president and CEO of Sonic Solutions. "The combination of Sonic and DivX promises to be the foremost provider of platforms, tools, and technologies for the efficient delivery of premium video entertainment to virtually any type of consumer electronics device. We expect DivX?s deep technology and broad deployment in the CE and mobile areas to give us significant leverage as we expand and enhance our RoxioNow premium entertainment platform."

"Sonic and DivX are both market leaders in digital media and share similar visions about a better media future for consumers," stated Kevin Hell, CEO of DivX. "We also share similar cultures and both recognize the tremendous market opportunity that lies ahead for Internet video services. By combining our products, technologies, partnerships, and talented employees, we immediately create a complete end-to-end delivery platform for digital media, with expanded reach and capacity, at a perfect time to capitalize on the market's rapid development. With the acquisition of DivX, Sonic should be extremely well positioned to serve existing customers, attract new partners, and increase our market presence and potential."

Sonic plans to release its financial results for the fourth fiscal quarter and full year (ending March 31, 2010) on Thursday, June 3. Members of the Sonic and DivX management teams will lead a conference call to discuss details of the acquisition on Wednesday, June 2, 2010 at 5:30 am PDT (8:30 am EDT).


Previous
Next
Sony to Close Blu-ray Player Factory in Hungary        All News        First Android 3.5G Smartphone with Analog TV
ARM, Freescale, IBM, Samsung, ST-Ericsson and Texas Instruments Form New Company to Speed the Rollout of Linux-Based Devices     General Computing News      Google's Chrome OS To Launch This Fall

Get RSS feed Easy Print E-Mail this Message

Related News
Panasonic Develops 85-inch 4k Touch Screen, Showcases New HEVC LSI
Panasonic Commercializes Pin-Shaped Lithium Ion Battery For Wearables
Panasonic To Close DVD-player Factory In Slovakia
Panasonic and Leica Expand Partnership Agreement
Panasonic Reveals The Lumix DMC-LX100, Lumix DMC-GM5 Cameras And the DMC-CM1 Smartphone
Panasonic Showcases Optimized Workflow at IBC 2014
Panasonic Announces Rugged Toughpad FZ-E1 Tablet at IFA 2014
Panasonic Legendary Audio Brand Technics Returns
Panasonic and Tesla Sign Agreement for the Gigafactory
Panasonic Seeks To Sell Its Mobile Base Station Business to Nokia
ViewSonic Launches 28-inch VX2858Sml Monitor
Panasonic Updates Toughpad FZ-G1 10-inch Tablet

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .