SAN DIEGO, Jan. 22 /PRNewswire/ -- Project Mayo, the international group
of Internet and video technologists who are creating the next generation of
the popular DivX(TM) video format, announced today a new corporate identity
called DivXNetworks. By leveraging the DivX brand, DivXNetworks, Inc.
(www.divxnetworks.com) will focus on building a business model around DivX and
developing the standard for high-quality broadband video -- a standard that
will set the pace for fast, secure and easy Internet downloads of near
DVD-quality movies and videos.
DivXNetworks is the first step by Project Mayo to transition the preferred
DivX video format from the underground to mainstream. As a part of this
process, the Project Mayo site (www.projectmayo.com) will become an open
source DivX technology hosting site for Internet and video technology
"DivXNetworks is entering the market at the right time. Serious advances
in video compression technology, Internet security and the rapid adoption of
broadband and broadband-ready platforms over the past year have created a
harmonic convergence that will fundamentally change the dynamics of the movie
industry," said Jordan Greenhall, co-founder and CEO of DivXNetworks, Inc.
"DivXNetworks will leverage all of these critical technologies to deliver pure
viewing satisfaction to movie enthusiasts, while allowing the film and video
industries to profit from a new distribution channel for their high-quality
Later this year, DivXNetworks will announce the DivX Distribution
System(TM), a sophisticated back-end infrastructure powered by the next
generation of DivX technology that will deliver the following benefits to
independent filmmakers, major film studios and video production houses:
-- Quality -- delivery of near DVD-quality compressed to CD sizes. With
DivX, content providers can use the existing Internet to deliver to
their viewers an experience that they are familiar with (e.g.,
television and DVD) while maintaining the personalization power of the
-- Security -- complete support for digital rights management (DRM)
technology. Secure transactions on the Internet and playback of
content is limited to the person who purchased the content.
-- Economics -- using the Internet as a distribution channel will come at
a fraction of the cost of other popular channels, such as VHS, DVD and
theatrical distribution, providing a less expensive means to deliver
high-quality content directly to consumers.
-- Speed, Instant gratification -- in 25 minutes or less, movie
enthusiasts can download popular movies over a DSL or cable modem and
enjoy near-DVD quality movies, without leaving the home or office.
DivXNetworks is the leader and developer of DivX(TM), which is emerging as
the standard for high-quality broadband digital video. The company operates
Project Mayo, the popular development site of the next generation of DivX
technology. DivXNetworks is transitioning the popular DivX video compression
technology from the underground to mainstream, setting the pace for fast,
secure and easy Internet downloads of near DVD-quality movies and videos.
DivXNetworks is headquartered in San Diego, California, with satellite offices
in New York and Los Angeles. A European office will be opened soon in Paris,
France. For more information about DivXNetworks, visit
About Project Mayo
Created by the leaders and developers of DivX, the popular movie
compression technology, Project Mayo is the first open source DivX technology
hosting site for more than 10 million Internet and video technology
enthusiasts around the world. Its members include a former MP3.com executive,
MPEG-4 experts, and "Gej," the creator of the DivX format. Project Mayo can
be reached at http://www.projectmayo.com.
SOURCE DivXNetworks, Inc.