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DivX Networks to Offer Net Video-on-Demand

"Internet video bad boy DivX Networks is poised for a breakthrough deal that would see two major Hollywood studios announce support for its technology by Christmas, a top executive at the company said Tuesday.

"DivX already has a partnership with News Corp.’s 20th Century Fox to encode films for an airline movie-rental service. Now its video file format will be used in planned Internet video-on-demand services that would be available to consumers by the first half of 2005, DivX President Shahi Ghaman told CNET News.com.

"According to Ghaman, at least two unnamed studios are now planning to use DivX for so-called progressive download scans, allowing consumers to purchase movies directly from the Internet without going through the video store or cable and television networks."

Michael Kanellos  and Evan Hansen. DivX Networks Touts New Studio Deals. News.com. Oct. 26, 2004.

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Written by sesomedia

11/01/2004 at 06:52

Posted in Web & Online