"We are pleased Broadcom will integrate DivX Plus Streaming on their platforms and can begin to support manufacturers and retailers combining to provide consumers a high quality entertainment experience," said Matt Milne, EVP worldwide sales and marketing, Rovi Corporation. "For consumer electronics manufacturers as well as content owners and retailers, DivX Plus Streaming provides a true end-to-end solution for the secure encoding, delivery, and consumption of high-quality streamed video content; however, ultimately, it's about providing a better product that will drive increased usage and greater consumer satisfaction."
Broadcom's BCM7241 IP set-top box platform features a high performance CPU that supports over-the-top (OTT) content and services delivery with a full suite of Internet-based frameworks and applications. Additional key features include powerful 3D graphic performance, high speed memory and low power to meet new code of conduct requirements.
To develop DivX Plus Streaming, Rovi built upon core DivX ® technologies recognized by millions of consumers around the world for delivering great video performance, visual quality, and multi-screen interoperability.
About BroadcomBroadcom Corporation (Nasdaq:BRCM), a FORTUNE 500 ® company, is a global leader and innovator in semiconductor solutions for wired and wireless communications. Broadcom ® products seamlessly deliver voice, video, data and multimedia connectivity in the home, office and mobile environments. With the industry's broadest portfolio of state-of-the-art system-on-a-chip and embedded software solutions, Broadcom is changing the world by Connecting everything ®. For more information, go to www.broadcom.com . The Broadcom Corporation logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=14554 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 approximately 5,200 issued or pending patents worldwide and is headquartered in Santa Clara, California. More information about Rovi can be found at 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, 2012 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.
CONTACT: Chris Taylor Rovi Corporation 408-562-3077 Chris.D.Taylor@rovicorp.com Dana Brzozkiewicz Manager, Public Relations 949-926-6367 Danabrz@broadcom.com
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts