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Chinese Consumer Electronics Brand Driving Adoption of 4K/Ultra HD video
PLAINVIEW, NY --(Marketwired - January 06, 2016) - NeuLion, Inc. (TSX: NLN), a leading technology product and service provider specializing in the broadcasting, distribution and monetization of live and on-demand digital video content to Internet-enabled devices, today announced that Changhong Electric Co. has renewed its licensing agreement and has achieved DivX® Certification for HEVC for its latest line of Ultra HD (UHD) televisions.
A leading consumer electronics manufacturer based in China, Changhong is helping to fuel the adoption of Ultra HD TVs in the country's growing market and abroad. The agreement comes at a time when consumer demand for 4K video is on the rise and steadily increasing bandwidth around the world is making the transfer of large videos possible. Changhong is the most recent in a series of device makers to announce support for the DivX HEVC solution. The latest video compression standard, DivX HEVC technology is being licensed to both IC and OEM companies and is designed to facilitate delivery and drive adoption of 4K video content.
"DivX® is building a 4K ecosystem to provide consumers with the highest quality video experiences possible. Already, DivX software users are presently creating more than 50,000 HEVC videos each month, and we're pleased to partner with Changhong, a visionary that shares our goal of enabling playback of the highest possible quality video in the living room and beyond," said NeuLion CEO Kanaan Jemili, Ph.D.
"HEVC technology is a must for playing 4K video online and on devices. With DivX's track record of integrating its technology into well over 1 billion devices, we feel confident that DivX® HEVC will help drive 4K video adoption on a mass scale," said Jared Yang, the deputy general manager of Changhong overseas marketing and sales center.
The DivX Certified® program allows IC and OEM customers to quickly bring to market mobile and consumer electronics products that support high-quality DivX HEVC playback. Devices certified for HEVC support 4K video playback and advanced media features including multi-language subtitles and audio tracks, smooth fast forward and rewind and chapter points for quick scene navigation.
To date, more than one billion DivX devices, including 41,000+ unique models, have shipped worldwide from multiple major consumer electronics brands.
Established in 1958, Changhong is one of the largest consumer electronics providers worldwide and the biggest supplier of consumer electronics in Asia. For 18 consecutive years, Changhong has been ranked No. 1 in the Chinese domestic market by the China General Chamber of Commerce and China Nation Commercial Information Center, and employs over 72,000 people across the globe. A global network with a leading presence in Asia, Europe, and the Middle East, Changhong is committed to bringing its quality television product lineup to households in the United States.
NeuLion, Inc. (TSX: NLN) offers solutions that power the highest quality digital experiences for live and on-demand content up to 4K on any device. Through its end-to-end technology platform, NeuLion enables digital content management, distribution and monetization for content owners worldwide including the NFL, NBA, World Surf League, Univision Deportes, Euroleague Basketball and others. With the recent acquisition of DivX, LLC, NeuLion also operates a robust consumer electronics licensing business that has enabled over 1 billion devices worldwide with secure, high-quality video playback, and delivers a DivX consumer software offering that has been downloaded over 1 billion times. NeuLion's customers include major sports, entertainment and global content companies as well as major consumer electronics manufacturers and software companies. NeuLion is headquartered in Plainview, NY. For more information about NeuLion, visit www.NeuLion.com.
Certain statements herein are forward-looking statements and represent NeuLion's current intentions in respect of future activities. Forward-looking statements can be identified by the use of the words "will," "expect," "seek," "anticipate," "believe," "plan," "estimate," "expect," and "intend" and statements that an event or result "may," "will," "can," "should," "could," or "might" occur or be achieved and other similar expressions. These statements, in addressing future events and conditions, involve inherent risks and uncertainties. Although the forward-looking statements contained in this release are based upon what management believes to be reasonable assumptions, NeuLion cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this release and NeuLion assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law. Many factors could cause NeuLion's actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including: our ability to derive anticipated benefits from the acquisition of DivX; our ability to successfully integrate the operations of DivX; our ability to realize some or all of the anticipated benefits of our partnerships; general economic and market segment conditions; our customers' subscriber levels and financial health; our ability to pursue and consummate acquisitions in a timely manner; our continued relationships with our customers; our ability to negotiate favorable terms for contract renewals; competitor activity; product capability and acceptance rates; technology changes; regulatory changes; foreign exchange risk; interest rate risk; and credit risk. These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements. A more detailed assessment of the risks that could cause actual results to materially differ from current expectations is contained in the "Risk Factors" section of NeuLion's Annual Report on Form 10-K for the fiscal year ended December 31, 2014, which is available on www.sec.gov and filed on www.sedar.com.