Andre Yoskowitz
3 Sep 2009 16:44
DivX has announced the corporate acquisition of the Internet TV-streaming company AnySource Media, a move that should allow the digital company to bring movies and TV shows in DivX format to Internet-connected devices such as phones, TVs and Blu-ray players.
DivX CEO Kevin Hell says the move is a “key step of delivering on the vision of the Internet TV experience.”
The deal is for $7.5 million in cash upfront, with another $7.5 million in incentive based payments until 2012.
DivX is a company that distributes and licenses digital-video technologies. The company says there have been over over 100 million DivX Certified devices purchased, including the PS3 among many devices.
AnySource created the Internet Video Navigator software found in many HDTVs, software which allows users to navigate their TVs for music, photos, and videos from online sites such as CinemaNow, Amazon VOD and others. AnySource can handle up to 1080p.