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Rovi Enters DivX Plus Streaming Agreement With Panasonic SoC

Supports the Delivery of a Feature-Rich, Premium Digital Entertainment Experience to Connected Devices

Company Release - 7/19/2012 6:30 AM ET

SANTA CLARA, Calif., July 19, 2012 (GLOBE NEWSWIRE) -- Rovi Corporation (NASDAQ: ROVI) today announced its DivX® Plus Streaming technology will be integrated into the "UniPhier®" series of digital television and Blu-ray Disc integrated circuit (IC) solutions from Panasonic Corporation's Semiconductor Business Group. Designed to quickly enable advanced entertainment experiences across the connected device ecosystem, DivX Plus Streaming was selected by Panasonic SoC for its ability to deliver more high-quality video content and advanced multimedia features as part of the over-the-top entertainment experience.  

DivX Plus Streaming brings a robust, cutting-edge feature set to streaming media that is typically characteristic of the Blu-ray Disc consumer experience. By dynamically adjusting video streams and delivering maximum visual quality based on available bandwidth, DivX Plus Streaming eliminates jumpiness, pauses, and buffering during video playback. The solution supports 1080p high definition, subtitles, multiple language tracks, and trick-play features such as smooth fast forward and rewind, quick-start playback, and resume playback across devices. DivX Plus Streaming also works in conjunction with Rovi's DivX Plus HD certification to enable offline playback of digital video files with similar advanced features.

"The agreement with Panasonic SoC is evidence of the momentum of DivX Plus Streaming and will help quickly fuel expansion of the ecosystem of digital entertainment products that support this next-generation technology," said Matt Milne, EVP, worldwide sales and marketing, Rovi Corporation. "DivX Plus Streaming offers an end-to-end solution for retailers, and CE and IC manufacturers that is lightweight and easy to integrate yet provides the benefits of a flexible DRM framework for the secure encoding, delivery and consumption of streamed video content."

To develop DivX Plus Streaming, Rovi built upon core DivX® technologies recognized by millions of consumers around the world for delivering great video performance, visual quality, and multi-screen interoperability. The solution also utilizes trusted digital rights management technology currently used by a number of online retailers offering movies in the DivX format including WB Shop and Media Markt. To accelerate time to market and device integration, Rovi has built out the existing certification program used for DivX technology device validation and compatibility – a program that has resulted in shipment by top-tier manufacturers of over 600 million DivX-compatible consumer electronics devices into the market.

*"UniPhier" is a registered trademark of Panasonic Corporation

About Rovi Corporation

Rovi Corporation is focused on revolutionizing the digital entertainment landscape by delivering solutions that enable consumers to intuitively connect to new entertainment from many sources and locations. The company also provides extensive entertainment discovery solutions for television, movies, music and photos to its customers in the consumer electronics, cable and satellite, entertainment and online distribution markets. These solutions, complemented by industry leading entertainment data, create the connections between people and technology, and enable them to discover and manage entertainment in an enjoyable form.

Rovi holds over 5,100 issued or pending patents worldwide and is headquartered in Santa Clara, California, with numerous offices across the United States and around the world including Japan, China, Luxembourg, and the United Kingdom. More information about Rovi can be found at http://www.rovicorp.com/.

The Rovi Corporation logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6482

Forward Looking Statements

All statements contained herein that are not statements of historical fact, including statements that use the words "will" or "is expected to," or similar words that describe the Company's or its management's future plans, objectives, or goals, are "forward-looking statements" and are made pursuant to the Safe-Harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause the actual results of the Company to be materially different from the historical results and/or from any future results or outcomes expressed or implied by such forward-looking statements. Such factors are further addressed in the Company's most recent report on Form 10-Q for the period ended March 31, 2012 and such other documents as are filed with the Securities and Exchange Commission from time to time (available at www.sec.gov). The Company assumes no obligation to update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release, except as required by law.

CONTACT: Chris Taylor
         Rovi Corporation
         408-562-3077
         Chris.D.Taylor@rovicorp.com

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Source: Rovi Corporation