San Diego, USA and Aachen, Germany - February 27, 2008 - DivX, Inc., a digital media company (NASDAQ: DIVX), today announced the appointment of Markus Moenig as Senior Vice President and Chief Technology Officer. Mr. Moenig will lead global engineering operations, where he will be responsible for the development of technologies designed to enable consumers to enjoy high-quality digital video across any device or platform. Chris Russell, who has served as DivX CTO since 2006, will continue to assist the Company in a consulting role focused on building relationships with premium content providers. | 
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Mr. Moenig, who brings over 20 years of experience in the consumer and professional video markets to his new role, joined DivX in November 2007 with the Company’s acquisition of MainConcept. Mr. Moenig founded MainConcept in 1993 at the age of 23 and grew the company into one of the leading worldwide suppliers of video technology with an award-winning implementation of H.264, the next-generation video codec widely adopted across the media industry. In his new role, Mr. Moenig will run the global DivX engineering organization and oversee the development of the DivX® technology platform, strategy and system architecture.
“Markus brings a broad and deep understanding of cutting-edge video technology coupled with a strong focus on organizational efficiency and execution, and we’re very pleased that he will be joining our executive team in San Diego,” said Kevin Hell, CEO of DivX, Inc. “I’d like to thank Chris Russell for his years of valuable service building a world-class engineering organization that has established DivX as a global standard for high-quality digital video on any device or platform.”
“DivX has led the way to creating a seamless and powerful digital video experience for consumers with its respected products,” said Markus Moenig, Senior Vice President and CTO of DivX, Inc. “I’m very pleased to move into the role of CTO and look forward to working closely with the excellent DivX engineering team to continue to develop and deploy innovative next-generation video technologies that further bridge the gap between the PC, the living room and versatile mobile environments. I believe we are well-positioned to build on the vast technology assets we have in place.”
About MainConcept
MainConcept is the worldwide leading provider of high-quality codec technology for the broadcast, film, consumer electronics, computer software, medical imaging and security markets. MainConcept solutions are optimized for various platforms including PCs, set-top boxes, portable media players and mobile phones. MainConcept supports the most popular industry standards such as MPEG-2, MPEG-4 Part 2, H.264/AVC, VC-1, DV, DVCPRO, DVCPro HD, JPEG2000, AAC, HE-AAC and AC3.
MainConcept is headquartered in Germany with subsidiaries in the USA, Russia, and Japan. The company serves the Asia-Pacific region through key distribution partners in China, Korea, and Taiwan. MainConcept customers include some of the most respected international companies including Adobe, Leitch/Harris, Microsoft, mobiTV, Sonic Solutions, Sony, and Panasonic. MainConcept is a wholly owned subsidiary of DivX, Inc. (NASDAQ: DIVX).
For more information about MainConcept and available codecs visit www.mainconcept.com. Parties interested in licensing MainConcept technology can contact the company at sales(at)mainconcept.com.
About Codec By
Long term partnerships are a natural result of MainConcept’s business relationships. To support its global base of customers and partners, MainConcept launched a dedicated “Codec-By” logo program in 2007 that industry partners can join to demonstrate that they deliver market leading solutions based on MainConcept’s high-quality codecs. To learn more about the ‘Codec-By’ program, visit www.codecby.com.
About DivX, Inc.
DivX, Inc. is a digital media company that enables consumers to enjoy a high-quality video experience across any kind of device. DivX creates, distributes and licenses digital video technologies that span the “three screens” comprising today’s consumer media environment—the PC, the television and mobile devices. Over 100 million DivX Certified devices have shipped into the market from leading consumer electronics manufacturers. DivX also offers content providers and publishers a complete solution for the distribution of secure, high-quality digital video content. Driven by a globally recognized brand and a passionate community of hundreds of millions of consumers, DivX is simplifying the video experience to enable the digital home.
Forward Looking Statement
Statements in this press release that are not strictly historical in nature constitute “forward-looking statements.” Such statements include, but are not limited to, statements regarding visibility within the investment community. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results to be materially different from historical results or from any results expressed or implied by such forward-looking statements. These factors include, but are not limited to: the risk that customer use of the identified technology may not grow as anticipated; the risk that anticipated market opportunities may not materialize at expected levels, or at all; the risk that the Company’s activities may not result in the growth of profitable revenue; risks and uncertainties related to the maintenance and strength of the applicable brands; risks associated with the Company’s ability to penetrate existing and new markets; risks regarding the effects of competition; the Company’s dependence on its licensees and partners; the effect of intellectual property rights claims; and other factors discussed in the “Risk Factors” section of DivX's quarterly report on Form 10-Q filed with the SEC on November 14, 2007. All forward-looking statements are qualified in their entirety by this cautionary statement. DivX is providing this information as of the date of this release and does not undertake any obligation to update any forward-looking statements contained in this release as a result of new information, future events or otherwise.
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