DivX Plus Streaming has been approved by studios and adopted by companies helping to drive over-the-top entertainment distribution. The advanced adaptive streaming format has gained the support of IC vendors including Broadcom, MediaTek, MStar, and Qualcomm and has been selected to power video delivery for a range of online entertainment services. The DivX DRM (digital rights management) solution, as used in DivX Plus Streaming, was also recently approved by the DECE (Digital Entertainment Content Ecosystem consortium). With the approval, DivX Plus Streaming may be easily used by UltraViolet retailers to deliver a consistently high quality over-the-top video streaming experience. Designed for a new generation of entertainment experiences, Rovi is currently integrating support for High Efficiency Video Coding (HEVC/H.265) into DivX Plus Streaming. The latest compression standard is expected to help reduce storage and bandwidth costs and deliver an optimized viewing experience.
Hubee is a service provider specializing in developing and publishing technology solutions for publishers of video content and interactive services that want to extend their offerings to new screens. Our mission is to design solutions and develop interactive platforms and applications that enable clients to accelerate the distribution of their programs and services to the new media (VOD, catch-up TV, web TV, apps, and more).
About Rovi CorporationRovi 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-K for the period ended December 31, 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