Rafat Ali
Jun 2, 2010 7:02 AM
Someone finally cares enough for Divx. Sonic Solutions, the digital media solutions firm and owner of CinemaNow online movie service, has announced its intent to buy DivX (NSDQ: DIVX), the long outlier in the digital video codec space. Sonic will pay $3.75 in cash and 0.514 of its own shares…
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Entertainment, Movies, DVD, Money, M&A & Venture Capital, Mergers & Acquisitions, divx, sonic solutions
Tameka Kee
Sep 1, 2009 6:00 PM
Digital video tech firm DivX has acquired IPTV-enabler AnySource Media in a deal that’s potentially worth $15 million. DivX (NSDQ: DIVX) will pay $7.5 million in cash up front, with additional cash payments totaling $7.5 million over the next three years, if the company hits specific technical, revenue and distribution…
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E-Commerce, Media & Publishing, TV, IPTV, Money, M&A & Venture Capital, Mergers & Acquisitions, divx
Tameka Kee
Aug 26, 2009 9:07 AM
Funny how certain Hollywood studios have chosen to embrace certain new movie distribution strategies, and yet fight hard against the evolution of others. Warner Bros., Lionsgate, Sony (NYSE: SNE) Pictures and Paramount have all agreed to seed a new download-to-own movie store from DivX (NSDQ: DIVX) and film site Film…
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Entertainment, Movies, DVD, Technologies / Formats, Companies, Best Buy, Cablevision, Comcast, Disney, ABC, Playdom, Microsoft, MSN, NBC Universal, CNBC, Playboy, Spotify, Time Warner, Warner Bros., Warner Music Group, divx, paramount, sony pictures entertainment
Rafat Ali
Nov 17, 2008 4:13 PM
DivX (NSDQ: DIVX), the San Diego-based online video codec and tech firm, has filed a lawsuit against Yahoo (NSDQ: YHOO), accusing it of going back on its two-year advertising services agreement announced in September last year. Yahoo notified the company that it intends to breach the contract and discontinue making…
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Legal, Companies, Yahoo, divx
Joseph Weisenthal
Aug 7, 2008 3:35 PM
Digital video technology firm DivX (NSDQ: DIVX) has announced Q2 revenue of $21.3 million, up 16.6 percent from last year. Net income jumped to $1.67 million ($.05 per share) from $1.0 million ($.03 per share). Set against a self-provided chart of quarterly expectations, the key numbers all came in high.…
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Money, Earnings, divx
Joseph Weisenthal
May 5, 2008 3:15 PM
Digital encoding firm DivX (NSDQ: DIVX) announced Q1 revenue of $25 million, a 24 percent increase from $20.2 million in the year-ago quarter. Net income slid to $2.48 million ($.07 per share) from $3.6 million ($.10 per share), although this current quarter included various one-time charges. Among them: the shutdown…
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Money, Earnings, divx
Joseph Weisenthal
Mar 17, 2008 5:15 PM
Mounting costs and legal issues contributed to the shuttering of DivX (NSDQ: DIVX) video sharing site Stage6, the company again emphasized in its 10-K filing today. The filing provides a precise timeline of events related to the copyright infringement and legal battles with UMG that were discussed on the company’s…
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Money, Social Media, divx
Joseph Weisenthal
Mar 12, 2008 10:19 AM
Copyright issues contributed to the shutdown of Stage6, the video sharing site owned by DivX, says management. On last night’s conference call, reported by CNET, CFO Dan Halvorsen cited “potential copyright litigation” in explaining the move. Apparently, the company preemptively went to court to win an order proclaiming it not…
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Legal, Social Media, Video, divx, stage6
Joseph Weisenthal
Mar 11, 2008 4:16 PM
Digital encoding firm DivX (NSDQ: DIVX) announced Q4 revenues of $24.5 million, a 47 percent year-over-year increase from $16.7 million in the year-ago period. Net income went the other way, narrowing to $3.7 million ($.11 per share) from $7.4 million ($.21 per share). However, the company said it took about…
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Money, Earnings, divx, stage6
Joseph Weisenthal
Mar 8, 2008 11:44 AM
This is a new one even for Brad Greenspan… after having established a reputation for attempting to thwart deals (News Corp.-MySpace, News Corp.- Dow Jones (NYSE: NWS), Linktone (NSDQ: LTON) -PT Media Nusantra Citra), now he’s trying to stop a site from closing down. His company LiveUniverse has made a…
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Money, M&A & Venture Capital, Mergers & Acquisitions, Social Media, Video, divx, liveuniverse, revver, stage6
Rafat Ali
Dec 21, 2007 1:06 PM
DivX (NSDQ: DIVX) certainly had its share of activity this year, even if most of it wasn’t all that great: it went public a little over a year ago, and has bought a few companies since then. In an attempt to arrest its financial troubles, in July, it decided to…
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Technologies / Formats, Broadband, divx, jordan greenhall, stage6
Joseph Weisenthal
Nov 14, 2007 4:12 PM
Video compression firm DivX (NSDQ: DIVX) has acquired MainConcept AG for $22 million in cash and stock ($16.2 million in cash and rest in stock) plus $5.8 million in potential earnouts through 2008. The German company is a provider of H.264 and other digital video technologies for use in media…
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, divx, mainconcept
Joseph Weisenthal
Nov 5, 2007 4:32 PM
Video compression company DivX (NSDQ: DIVX) reported Q3 revenue of $21.9 million, up 42 percent over last year’s $15.4 million. Excluding share-based compensation and certain other items, the company earned net income of $5.9 million, up 73 percent from last year’s $3.4 million. Including those items, earnings in the quarter…
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Money, Earnings, divx
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