Press release from GlobeNewswire (a Nasdaq OMX company)
Leading Digital TV Manufacturer in China Adopts DivX Plus Streaming
Thursday, September 12, 2013
Leading Digital TV Manufacturer in China Adopts DivX Plus Streaming00:01 EDT Thursday, September 12, 2013
AMSTERDAM, Netherlands, Sept. 12, 2013 (GLOBE NEWSWIRE) -- IBC - Rovi Corporation (Nasdaq:ROVI), driving digital entertainment innovation, today announced that TongFang Global, a leading manufacturer of consumer electronics in China, will adopt DivX Plus Streaming™ into its digital TVs for the European and US market. The integration of Rovi's advanced adaptive streaming format advances the consumer digital entertainment experience, enabling the high-quality playback of protected premium content.
"DivX Plus Streaming offers unique advantages that enable our consumers to enjoy high-quality streaming entertainment on their DTVs in the comfort of their own homes," said the CTO of TongFang Global. "In working with Rovi and selecting DivX Plus Streaming, TongFang Global is well-positioned to evolve with growing consumer entertainment needs."
DivX Plus Streaming brings a robust feature set to streaming media that is typically characteristic of the Blu-ray-like consumer experience. This feature set includes multi-language subtitles and audio tracks, trick-play track for smooth fast forward and rewind, chapter points for quick scene navigation, and resume playback across devices. To help eliminate buffering or the "spinning wheel", DivX Plus Streaming includes Dynamic Resolution Scaling, which provides smooth and seamless transitions between different resolutions. Dynamic Resolution Scaling helps consumers enjoy quick start times and continuous play even in low or fluctuating bandwidth environments.
"Rovi is pleased with to be working with TongFang Global in powering the delivery of high-quality digital entertainment into the consumer's home," said Bob Shallow, SVP, product sales & marketing at Rovi. "DivX Plus Streaming continues to garner traction with top manufacturers in China and across the globe, which is further testament to Rovi's video technology and our commitment to delivering breakthrough entertainment experiences."
DivX Plus Streaming has gained the support of integrated circuit (IC) vendors, consumer electronics device manufacturers and studios. The advanced adaptive streaming format is also rapidly gaining the support of entertainment service providers on a worldwide basis. DivX Plus Streaming has been adopted by Dixons, Sainsbury's and Media Markt in Europe, and selected by Mei-ah, a film production company in China that recently launched an on-demand entertainment offering for mobile users in collaboration with China Mobile (Hong Kong).
Visitors to IBC in Amsterdam, September 13-17, can view live demonstrations of DivX Video Service™ with DivX Plus Streaming along with Rovi's complete range of solutions driving the advanced discovery, delivery, and monetization of digital entertainment at Rovi's Stand 5.A31. Also on display at the show is Rovi's end-to-end solution for High Efficiency Video Coding (HEVC/H.265).
About TongFang Global
TongFang Global is a progressive, international company focusing on the development and manufacturing of the Consumer Electronics. It possesses wide-covered, well-established sales and service networks globally. Overseas business mainly focuses on OEM and ODM business, and significant success has been seen in the US and European markets in recent years with the self-owned brands, Element and SEIKI. After the launch of the first 50-inch affordable UHD TV in April, 2013 to the US market, SEIKI has been recognized as the leader in the UHD TV market. The exportation of TongFang's TVs covers more than 20 countries and regions around the world like US, England, Germany, Australia, Russia, Singapore, Hong Kong, etc.
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.
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, 2013 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 (+1) 408-562-3077 Chris.D.Taylor@rovicorp.com