11 Facts About DivX Inc

DivX, Inc is a privately held video technology company based in San Diego, California.

DivX, Inc incurred net losses from its creation through the second quarter of 2005.

In December 2006, DivX, Inc was added to the Russell 2000 and Russell 3000 Indexes.

In November 2007, DivX bought MainConcept AG, a specialist provider of video and audio codec solutions.

Under the agreement DivX, Inc would distribute Google products such as the Chrome browser and Google Toolbar along with its own products and would receive fees from Google for successful activations of these products.

Related searches

Stage 6 was a user-generated content site run by DivX, Inc that was similar to YouTube but that allowed for uploading and viewing of high-definition video.

All videos on Stage6 were playable on all consumer electronics devices that DivX Inc had certified as being capable of playing DivX Inc encoded video.

Previously, UMG had demanded that DivX, Inc take a license from the company to cover works on Stage6 that it owned and, in addition, pay UMG $30 million for past damages.

In December 2007, DivX, Inc announced that it needed additional time to consider the alternatives available to the company with respect to the future of Stage6.

On February 25,2008, DivX, Inc announced its plan to permanently shut down Stage6 on February 28,2008 instead of selling it or spinning it off.

DivX, Inc paid $22 million for the company, and will pay up to additional $6 million upon the completion of certain milestones in 2008.