DivX and Hisense Forge New Licensing Agreement for Innovation
DivX and Hisense Patent License Agreement
DivX, LLC, recognized as a frontrunner in digital video technology, has officially announced a groundbreaking intellectual property (IP) license agreement with Hisense, a prominent player in the consumer electronics industry. This significant development concludes ongoing litigation between the two companies, allowing Hisense to tap into DivX’s extensive video technology patent portfolio. With this agreement, DivX is proud to count Hisense among its growing roster of licensees, a move that reflects DivX's commitment to innovation in the realm of smart television technology.
Transforming the Smart TV Landscape
By securing this licensing agreement, DivX now boasts that over 75% of the global smart TV market is covered by its licensed technology. This achievement underscores the importance of collaboration within the tech industry, as companies seek to enhance their product offerings through licensed innovations. Hisense, which is well-regarded for its clear vision and cutting-edge products, is expected to leverage DivX’s technology to advance its capabilities in video streaming and playback.
Comments from Leadership
Noel Egnatios, CEO of DivX, expressed his enthusiasm about the agreement, stating, “We are excited to conclude an agreement with Hisense, and welcome them to our family of licensees.” He emphasized the significance of this partnership by highlighting that it reflects Hisense’s acknowledgment of intellectual property rights, further solidifying the value of DivX's innovative patent portfolio in the fast-paced tech landscape.
The Legacy of DivX Technology
Since its inception in 2000, DivX has been at the forefront of creating transformative digital video technology that enhances consumer experiences across various devices. The company has continuously expanded its licensing agreements, partnering with firms in consumer electronics and streaming services worldwide. This commitment to innovation has positioned DivX as a global leader in digital video technology, enabling seamless playback and content enjoyment for millions globally.
About DivX, LLC
DivX, LLC specializes in developing advanced technology that delivers extraordinary entertainment experiences for consumers everywhere. Over the years, the company has successfully set benchmarks in the digital video landscape by creating pioneering solutions that cater to both consumers and device manufacturers. Today, DivX technology is present in over 1.7 billion DivX-enabled devices distributed worldwide, demonstrating its extensive reach and influence in the market.
The Future of Digital Entertainment
With over 1 billion downloads of its consumer software that provides users with tools to play, convert, and cast their content, DivX continues to innovate and expand its footprint in the digital entertainment sector. The headquarters of DivX is based in San Diego, California, where a dedicated team drives forward the mission of enhancing video experiences across the globe.
Frequently Asked Questions
What is the main point of the licensing agreement between DivX and Hisense?
The agreement allows Hisense to access DivX’s extensive video technology patent portfolio, resolving ongoing litigation and expanding DivX's licensing footprint.
How does this agreement benefit DivX?
The agreement further validates DivX’s innovative patent portfolio while increasing its licensed market coverage, enhancing its influence in the smart TV sector.
What does DivX specialize in?
DivX specializes in developing technology that enhances digital video experiences across various devices, focusing on quality and innovation in consumer electronics.
When was DivX established?
DivX was established in the year 2000 and has since become a leader in digital video technology.
How many devices have integrated DivX technology?
Over 1.7 billion DivX-enabled devices have been shipped globally, showcasing the widespread adoption of DivX technology in the market.
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