BERLIN, Sept. 6, 2011 (GLOBE NEWSWIRE) -- IFA -- Rovi Corporation (Nasdaq:ROVI) today announced that it has signed a multi-year licensing agreement for DivX® technology with Shenzhen MTC Co., Ltd. (MTC), a China-based manufacturer of consumer electronics products. Through the new agreement, MTC will expand its implementation of DivX Plus HD, the premium level of Certification, and use it across its product lines, including digital set-top boxes, DVD and blu-ray disc players, and digital TVs. Building on Rovi's expansive ecosystem that includes more than 500 million devices with DivX technology, MTC devices will be able to take full advantage of the range of Internet video and Hollywood entertainment available around the world in DivX formats.
"The foundation of MTC is to develop and create high quality, technically advanced products. We recognize that by adding DivX technology into our products, we're increasing the value we can bring to consumers. We're working with Rovi to create a better entertainment experience for the consumer, providing them the opportunity to enjoy their library of video content on all of our devices," said Ken Chow, General Manager of MTC.
Devices certified for the DivX Plus HD profile can easily play back DivX .AVI and DivX Plus .MKV files up to 1080p as well as protected Hollywood entertainment in the DivX and DivX Plus HD format for an optical disc, USB drive, or streamed wirelessly between devices in a home network using DLNA. The Certification program has resulted in the creation of a comprehensive digital media solution that makes it easy for consumers to enjoy video entertainment across an extensive, multi-manufacturer ecosystem of consumer electronics devices.
"MTC's use of DivX technology across product lines allows them to provide customers a very flexible and convenient way to enjoy high quality premium entertainment," said Matt Milne, senior vice president of CE sales, Rovi. "We're working with MTC to help them take the next step in satisfying consumer demands for an advanced entertainment experience."
All certified devices contain digital rights management technology to enable the secure playback of premium content in the DivX format. Global online retailers offering titles in the DivX format include Film Fresh, the WB Shop, and Media Markt.
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/.
The Rovi Corporation logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6482
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.