MEDIA RELEASE PR36877
DivX Acquires AnySource Media, Creator of On-Demand Internet Television Platform
SAN DIEGO and MALVERN, Pa., Nov. 2 /PRNewswire-AsiaNet/ --
AnySource's streaming platform accelerates DivX's development of turn-key
Internet TV solution
DivX, Inc. (Nasdaq: DIVX), a digital media company, today announced it has acquired AnySource Media
LLC, creator of a leading Internet Television streaming platform that allows users to directly connect their TV
to a wide variety of content and services on the Internet, enabling hundreds of virtual on-demand channels.
"Internet TV will transform the landscape for media distribution and advertising as we know it," stated Kevin
Hell, Chief Executive Officer, DivX, Inc. "The AnySource streaming platform combined with our high-quality
device certification program and our deep relationships with both consumer electronics companies and
Hollywood studios puts us in an enviable position in this rapidly emerging market. We look forward to bringing
these two great teams together to realize our open, consumer-focused vision for digital media as it moves to a
connected world."
Based in Malvern, PA, AnySource Media has developed a software solution that can support e-commerce
transactions and enable rapid navigation and seamless playback of hundreds of virtual on-demand channels
directly via HDTVs, Blu-ray disc players and other consumer electronics devices such as mobile phones. The
AnySource Internet Video Navigator(TM) enables online video on a living room TV and easy access to
Internet-based videos, music, photos, games and data content at the touch of a button through a standard
remote control.
"AnySource is a solid strategic complement to DivX," said Mike Harris, Chief Executive Officer and co-
founder, AnySource Media, and who has joined the DivX management team reporting to Kevin Hell. "We are
very excited to join DivX to redefine the TV viewing experience for millions of consumers, leveraging DivX's
technology and vast ecosystem which now includes more than 200 million DivX devices shipped into the
market."
Total consideration for the acquisition is $7.5 million, paid in cash at closing, and additional cash payments
up to $7.5 million payable over three years upon the achievement of certain technical, and revenue and
distribution milestones.
"The acquisition of AnySource's technology platform and the addition of their talented team advance our
development schedule by at least one year," said Dan Halvorson, Executive Vice President and Chief
Financial Officer. "For the remainder of 2009, the acquisition will increase our headcount and integration costs
by approximately $1.3 million, or $0.02 per diluted share, net of taxes."
About DivX
DivX, Inc. is a digital media company that enables consumers to enjoy a high-quality video experience
across any kind of device. DivX creates, distributes and licenses digital video technologies that span the "three
screens" comprising today's consumer media environment-the PC, the television and mobile devices. Over
200 million DivX devices have shipped into the market from leading consumer electronics manufacturers. DivX
also offers content providers and publishers a complete solution for the distribution of secure, high-quality
digital video content. Driven by a globally recognized brand and a passionate community of hundreds of
millions of consumers, DivX is simplifying the video experience to enable the digital home. For more
About AnySource
AnySource Media is the creator of Internet Video Navigator(TM), a part of its Internet Television platform,
which allows the television set to be directly connected to the Internet. The Malvern, PA - based company
produces software that can be embedded directly into HDTVs and other consumer electronics devices with a
data center back-end to support easy and fast TV navigation and e-commerce transactions, as well as content
and data aggregation deals for consumer electronic devices. For more information, please visit
Forward-Looking Statements
Statements in this press release that are not strictly historical in nature constitute "forward-looking
statements." Such statements include, but are not limited to, statements regarding the anticipated benefits of
the acquisition of AnySource Media LLC to DivX, its customers and shareholders, activities expected to occur
in connection with the acquisition, the anticipated utilization of AnySource Media products and technology
following the acquisition, the ability of AnySource Media products and technology to increase the Company's
market opportunity and accelerate penetration of key emerging products, and the potential impact of the
acquisition on earnings. Such forward-looking statements involve known and unknown risks, uncertainties and
other factors which may cause DivX's actual results to be materially different from historical results or from any
results expressed or implied by such forward-looking statements. These factors include, but are not limited to:
risks related to the integration of AnySource Media technology with the Company's products; risks related to
the implementation of the acquisition; risks related to any uncertainty surrounding the acquisition; risks
associated with any disruption to the Company as a result of the acquisition; risks that the expected financial
effect of the acquisition may not be realized; risks that the expected customer benefits may not be realized
and risks associated with the operation of the business in general; risks that the anticipated benefits of the
acquisition may not materialize to the extent expected, or at all; the risk that anticipated market opportunities
may not materialize at expected levels, or at all; risks and uncertainties related to the maintenance and
strength of the DivX brand; the risk that customer use of DivX technology may not grow as anticipated; the risk
that the Company's activities may not result in the growth of profitable revenue; risks associated with DivX's
ability to penetrate existing and new markets; risks regarding the effects of competition; the risk of DivX's
dependence on its licensees and partners; risks related to the effect of intellectual property rights claims; and
other factors discussed in the "Risk Factors" section of DivX's most recent report filed with the Securities and
Exchange Commission. All forward-looking statements are qualified in their entirety by this cautionary
statement. DivX is providing this information as of the date of this release and does not undertake any
obligation to update any forward-looking statements contained in this release as a result of new information,
future events or otherwise.
SOURCE: DivX, Inc.
CONTACT: Media,
Jennifer Baumgartner,
+1-503-901-5371,
jbaumgartner@divxcorp.com,
or Investors,
Karen Fisher,
+1-858-882-6415,
kfisher@divxcorp.com,
both of DivX, Inc.
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