As its video compression and playback technology catches on in U.S., company eyes high-definition television and artists.
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With DivX 6's compression technology and a couple high-profile deals, the company hopes to woo Hollywood.
Tiny digital-media upstart DivX Networks may yet see a Hollywood ending for its controversial video format, long associated with online piracy.
DivXNetworks, a provider of video compression technology, on Tuesday said it raised $6 million in a second round of funding, led by Los Angeles-based Zone Ventures. Other investors included venture capitalist Tim Draper, Draper Atlantic, Wasatch Venture Fund and WI Harper Group. DivXNetworks, whose technology helps deliver full-motion video over Internet Protocol (IP) networks, plans to use the funds for sales, marketing and product development, as well as to expand into Asia and Europe. Since its founding in 1999, the San Diego-based company has raised a total of $11.5 million. The funding comes just months after the company launched DivX 5.0, its latest technology to compress video clips into small files so they can be easily transferred over the Web. --Stefanie Olsen, Special to ZDNet News
The company, once associated with the online movie piracy, is touting its video compression format for services such as legal downloads and videoconferencing.
DivXNetworks, creator of a technology most closely associated with the growing piracy of Hollywood movies on the Web, said it has licensed its MPEG-4 video compression to The Jim Henson Co., which is known for the popular entertainment characters "The Muppets." Under the deal, San Diego-based DivXNetworks said The Jim Henson Co. will use its technology for a promotional campaign commemorating the 25th anniversary of "The Muppet Show" by offering promotional CDs featuring Muppet video clips encoded in DivX format. According to the company's Web site, DivXNetworks' technology can transfer a feature film over a high-speed connection in about 30 minutes. --Gwendolyn Mariano, Special to ZDNet News
DivX, a technology long associated with online movie piracy, has taken another step toward becoming a format for legal downloads and video-on-demand services. Broadway Television Network, which produces and distributes digital recordings of Broadway musicals, has launched a video-on-demand service at BroadwayOnline.
A video-compression technology 'liberated' from Microsoft and renamed DivX is letting pirates download full-length movies on a CD.
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