BERLIN, Sept. 6, 2011 (GLOBE NEWSWIRE) -- IFA -- Rovi Corporation (Nasdaq:ROVI) and Samsung Electronics Co., Ltd. today announced the companies have signed a multi-year licensing agreement enabling Samsung to continue to integrate DivX technology on its comprehensive range of consumer electronic devices. The DivX technology will continue to feature prominently on Samsung's range of popular mobile devices including the greatly anticipated Galaxy S II LTE and Galaxy Note smartphone.
"Our strategic relationship with an industry leader like Samsung is a significant achievement that advances our mission to help consumers enjoy high-quality video entertainment, whenever and wherever they choose," said Matt Milne, senior vice president of CE sales for Rovi. "We look forward to continuing our valued collaboration, supporting a new generation of Samsung devices, and empowering millions more consumers to maximize their digital media experience across any screen."
Since the launch in 2007, DivX technology has been featured on more than 80 Samsung phones models. Samsung was the first to offer phones with DivX technology on multiple mobile platforms including LiMo, Symbian, Windows Mobile, bada and Android. DivX technology has also played an integral role in the launch of several leading-edge Samsung mobile devices including the Galaxy S, the world's first Android mobile phone that is DivX Certified for HD at 720p, as well as the Galaxy line of tablets.
Devices certified for DivX provide consumers with a comprehensive digital media solution that makes it easy to transfer Internet video for enjoyment on an extensive, multi-manufacturer ecosystem of consumer electronics devices. All DivX devices contain digital rights management technology to enable the secure playback of premium movies in the DivX format. Global online retailers offering titles in the DivX format include Film Fresh, the WB Shop, and Media Markt. Over 500 million DivX home and mobile consumer electronics devices have shipped into the market worldwide from leading manufacturers.
About Samsung Electronics Co., Ltd.
Samsung Electronics Co., Ltd. is a global leader in semiconductor, telecommunication, digital media and digital convergence technologies with 2010 consolidated sales of US$135.8 billion. Employing approximately 190,500 people in 206 offices across 68 countries, the company consists of nine independently operated business units: Visual Display, Mobile Communications, Telecommunication Systems, Digital Appliances, IT Solutions, Digital Imaging, Memory, System LSI and LCD. Recognized as one of the fastest growing global brands, Samsung Electronics is a leading producer of digital TVs, semiconductor chips, mobile phones and TFT-LCDs. For more information, please visit www.samsung.com.
About Rovi Corporation
Rovi Corporation is focused on revolutionizing the digital entertainment landscape by delivering solutions that enable consumers to intuitively connect to new entertainment from many sources and locations. The company also provides extensive entertainment discovery solutions for television, movies, music and photos to its customers in the consumer electronics, cable and satellite, entertainment and online distribution markets. These solutions, complemented by industry leading entertainment data, create the connections between people and technology, and enable them to discover and manage entertainment in an enjoyable form.
Rovi holds over 5,100 issued or pending patents worldwide and is headquartered in Santa Clara, California, with numerous offices across the United States and around the world including Japan, Hong Kong, Luxembourg, and the United Kingdom. More information about Rovi can be found at http://www.rovicorp.com/.
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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, 2011 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.