DivX and Hisense Reach Patent License Agreement

February 11, 2025 10:47 AM IST | By Businesswire India

Recent News

From Grandstand to Every Person: Sting Makes F1 Dream a Reality for Fa...

Ant Group Launches AI Healthcare App AQ Amid Push into Healthcare Sect...

Rigaku Expands Production Facilities for the Semiconductor Market

CB Insights Unveils Industry's First AI Agent Workforce for M&A, Partn...

Business Wire India

DivX, LLC, a pioneer in digital video technology, today announced that Hisense, a global leader in consumer electronics and home appliances, signed an intellectual property (IP) license agreement. The agreement resolves ongoing litigation between the two companies and grants Hisense access to DivX’s global video technology patent portfolio. By adding Hisense to its growing list of licensees, DivX has now licensed more than 75% of the global smart TV market.

“We are excited to conclude an agreement with Hisense, and welcome them to our family of licensees,” commented Noel Egnatios, DivX's CEO. “We believe that this agreement both demonstrates Hisense’s respect for intellectual property rights owners and further validates the immense value in DivX’s patent portfolio.”

Since 2000, DivX has established itself as a global leader in the research and development of innovative digital video technology. DivX continues to license its broad IP portfolio to companies in the consumer electronics and streaming video industries around the world.

About DivX, LLC

DivX, LLC develops innovative technology to provide extraordinary digital entertainment experiences on any device. Since 2000, DivX has been setting the standard for high-quality digital video by creating pioneering technologies for consumers, device manufactures and streaming services around the world. DivX licenses its technology to enable stunning video playback, and major consumer electronics brands have shipped over 1.7 billion DivX-enabled devices worldwide. The DivX consumer software has over 1 billion worldwide downloads and provides consumers the tools to play, convert and cast their content. DivX is headquartered in San Diego, California. For more information, please visit www.divx.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250210165246/en/

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Limited, Company No. 12643132 (“Kalkine Media, we or us”) and is available for personal and non-commercial use only. Kalkine Media is an appointed representative of Kalkine Limited, who is authorized and regulated by the FCA (FRN: 579414). The non-personalized advice given by Kalkine Media through its Content does not in any way endorse or recommend individuals, investment products or services suitable for your personal financial situation. You should discuss your portfolios and the risk tolerance level appropriate for your personal financial situation, with a qualified financial planner and/or adviser. No liability is accepted by Kalkine Media or Kalkine Limited and/or any of its employees/officers, for any investment loss, or any other loss or detriment experienced by you for any investment decision, whether consequent to, or in any way related to this Content, the provision of which is a regulated activity. Kalkine Media does not intend to exclude any liability which is not permitted to be excluded under applicable law or regulation. Some of the Content on this website may be sponsored/non-sponsored, as applicable. However, on the date of publication of any such Content, none of the employees and/or associates of Kalkine Media hold positions in any of the stocks covered by Kalkine Media through its Content. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media.
The content published on Kalkine Media also includes feeds sourced from third-party providers. Kalkine does not assert any ownership rights over the content provided by these third-party sources. The inclusion of such feeds on the Website is for informational purposes only. Kalkine does not guarantee the accuracy, completeness, or reliability of the content obtained from third-party feeds. Furthermore, Kalkine Media shall not be held liable for any errors, omissions, or inaccuracies in the content obtained from third-party feeds, nor for any damages or losses arising from the use of such content. Some of the images/music/video that may be used in the Content are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music or video used in the Content unless stated otherwise. The images/music/video that may be used in the Content are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.
This disclaimer is subject to change without notice. Users are advised to review this disclaimer periodically for any updates or modifications.

View All

Entertainment News

Education

Tech Corner

DivX and Hisense Reach Patent License Agreement

Related Articles

Sponsored Articles