The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Globe Investor

News Sources

Take control of your investments with the latest investing news and analysis

Press release from GlobeNewswire (a Nasdaq OMX company)

Rovi Launches DivX Stash at Mobile World Congress

Sunday, February 24, 2013

Rovi Launches DivX Stash at Mobile World Congress23:30 EST Sunday, February 24, 2013BARCELONA, Spain, Feb. 25, 2013 (GLOBE NEWSWIRE) -- Mobile World Congress 2013 – Rovi Corporation (Nasdaq:ROVI), driving digital entertainment innovation, announced today that a beta version of its new DivX® Stash service is now available to the general public. DivX Stash enables users to personalize their online video experience while simplifying the process of collecting, organizing and enjoying videos from around the web on mobile devices (iOS and Android) and computers (Safari, Chrome and Firefox). According to Cisco's annual Visual Networking Index, the number of Internet video users is expected to reach 1.5 billion by 2016, with Internet video traffic estimated to account for 54 percent of all consumer online traffic. This forecasted surge in Internet video consumption is due to an increase in global Internet connections, as well as the proliferation of web-connected devices such as smartphones, tablets and connected TV devices. "Internet video has been on the rise over the past 10 years and it's not expected to slow down anytime soon," said Sebastian Braun, director, Distribution & Analysis, Rovi Corporation. "With a seemingly infinite number of Internet videos available from a vast number of websites, it's becoming difficult for consumers to cut through the clutter. DivX Stash is designed to alleviate the clutter and make the online video experience far more personalized and enjoyable by allowing consumers to build personal video playlists that can be enjoyed anywhere." DivX Stash supports a growing number of popular video websites, including YouTube, Vimeo, Daily Motion, and TED Talks and provides users with a destination to collect favorite content, organize it into playlists, and then watch it on computers, tablets and smartphones. Users can even access videos that are posted on their Facebook Timeline and add them to DivX Stash quickly and seamlessly. Rovi plans to add exciting new features and capabilities to DivX Stash throughout 2013 and use the service to introduce new consumers to the DivX brand, which is recognized by millions of consumers around the world for delivering great video performance, visual quality, and multi-screen interoperability. You may learn more about the service or create a DivX Stash account at: https://stash.divx.com.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 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. The Rovi Corporation logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6482Forward 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