SANTA CLARA, Calif. and CHIBA, Japan, Nov. 12, 2013 (GLOBE NEWSWIRE) -- (Inter BEE 2013) — Driving digital entertainment innovation, Rovi Corporation (Nasdaq:ROVI) today announced that it has signed an agreement with Panasonic Corporation System LSI Business Division (Panasonic SoC) to integrate Rovi's DivX® HEVC technology into its next-generation digital television and Blu-ray Disc ICs. The announcement marks a significant milestone for Rovi as the first licensing agreement for DivX HEVC technology and will help enable consumer electronics original equipment manufacturers (OEMs) to release devices that support the high-quality streaming and playback of HD 720p/1080p and UltraHD/4K HEVC content.
"Representing a continuing evolution in compression technology, HEVC is a key to delivering consistently high-quality video experiences across a broad range of devices," said Koji Kitamura, General Manager, Solution Development Group, Division 2, Panasonic Corporation System LSI Business Division. "Integrating DivX HEVC streaming and playback support into our chipsets is very instrumental to high-quality video applications and services."
"We continue to make progress in helping accelerate HEVC adoption across the video ecosystem," said Dr. Kanaan Jemili, senior vice president, product management at Rovi. "Rovi has delivered tools to help consumers and professionals create HEVC content, and now with this agreement, we are bringing HEVC streaming and playback capability to the IC ecosystem to support the next-generation entertainment experience."
At the International Broadcast Equipment Exhibition (Inter BEE) taking place from November 13th to 15th at Makuhari Messe in Chiba, Japan, Rovi (booth #6302) is showcasing its end-to-end solution for enabling and accelerating HEVC adoption through the entire video value chain — from professional and consumer content creation to solutions that facilitate secure delivery and multi-screen enhanced playback.
Rovi's end-to-end solution consists of new MainConcept® encoding SDKs for professional content creators; the DivX Video Service™ with DivX DRM for protected content delivery for service providers, mobile operators and content retailers across multi-screen devices; DivX 10 software tools for PC-based DivX HEVC creation and playback, and an extension to the DivX Certification program to allow IC and OEM customers to quickly bring to market mobile and consumer electronics products that support high-quality DivX HEVC playback. DivX HEVC Certified Devices will support an advanced feature set for media playback including multi-language subtitles and audio tracks, trick-play track for smooth fast forward and rewind, chapter points for quick scene navigation, and resume playback across devices. To date, over one billion DivX devices have shipped worldwide — representing over 30,000 unique models from multiple major consumer electronics brands.
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 over 5,000 issued or pending patents worldwide and is headquartered in Santa Clara, California. More information about Rovi can be found at rovicorp.com.
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 September 30, 2013 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.