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PRESS RELEASE: ACD Systems And DivXNetworks Partner To Bring User-Friendly Video Editing To Consumers
ACD VideoMagic Will Integrate DivX Technology To Enable Easy Creation And Sharing Of High Quality Videos
SAN DIEGO, CA and VICTORIA, BRITISH COLUMBIA --(INTERNET WIRE)--Nov 6, 2002 -- ACD Systems International Inc. (Toronto:ASA.TO - News), the digital imaging company, and DivXNetworks, Inc., the creator of the patent-pending DivX(TM) video compression technology, today announced a licensing agreement to produce a DivX Pro enabled version of ACD VideoMagic, ACD's automatic movie maker for digital video clips and stills. ACD VideoMagic with DivX Pro includes advanced video encoding features offered by DivX Pro to enable the creation of high quality DivX videos that are easy to share via email, Internet, or CD-ROM. The new product will be co-marketed on both companies' websites.
ACD VideoMagic with DivX Pro makes it fast and easy for consumers to create high quality DivX music videos by automatically combining video clips of vacations, birthdays, weddings, sporting events and weekend fun with one or more music tracks. The new product brings the fun of video creation to mainstream users as it automatically analyzes video content for color, texture, motion and human faces, and then analyzes audio tracks for tempo, rhythm and emotional index. Motion and scene transitions are matched to the soundtrack's beat in one of over 20 video styles chosen by the user. With the advanced video encoding features of DivX Pro, the new version of ACD VideoMagic enables users to produce highly compressed, high-quality DivX videos for easy sharing.
DivX is a patent-pending digital video encoder/decoder technology created to enable reduction of file size while maintaining video picture quality. The most widely distributed MPEG-4 compatible technology available today, DivX is quickly becoming the format of choice for digital video professionals and amateurs as over 70 million people worldwide have downloaded and used DivX technology since its launch. With an average of over 2 million downloads per month, DivX currently ranks as the most downloaded multimedia application on CNET's Download.com. The DivX Pro version of the popular technology is available for sale for $30USD.
Jordan Greenhall, co-founder and CEO of DivXNetworks said, "An important part of the DivX vision has always been to empower mainstream consumers to take advantage of advanced video technology previously only available to professionals. ACD Systems is an ideal partner in this respect, as they have been a pioneer and a leader in creating and marketing powerful, easy-to-use digital media products to a broad user base. The combination of DivX Pro and VideoMagic will let experts and novices alike easily create professional quality video clips in a few simple steps."
Chair & CEO of ACD Systems, Doug Vandekerkhove said, "A recent study conducted by the Consumer Electronics Association shows that 61% of digital camera users surveyed ranked e-mailing of video clips as one of their favorite digital camera features. ACD VideoMagic with DivX Pro will meet the needs of the increasing number of digital camera owners who want the ability to easily create and share high-quality videos. We are confident that this product will be popular not only with photo hobbyists, amateur and professional photographers, but also with the large number of DivX users worldwide."
ACD VideoMagic with DivX Pro runs on Windows operating systems and is available as a stand-alone and as a plug-in to ACD's award-winning image management software, ACDSee(TM). ACD VideoMagic with DivX Pro works with common AVI, MPEG-1 and QuickTime and MPEG 4 video formats, and with MP3, WAV audio formats. For more information on ACDSee(TM) or other ACD Systems digital imaging products and solutions, please refer to www.ACDSYSTEMS.com.
Price and Availability
ACD VideoMagic with DivX Pro is available for sale for $64.99 USD through both companies' websites: www.ACDSYSTEMS.com and www.divx.com.
Recommended system requirements for ACD VideoMagic with DivX Pro include: Windows 98, ME, 2000, XP, Pentium III 500 MHz processor (or equivalent), Internet Explorer 5.5 or higher, 128 MB RAM, 64 MB free disk space, DirectX 8.0 or higher and QuickTime 6.0 or higher for viewing QuickTime(TM) movies.
DivXNetworks is a leading technology company that enables the rapid proliferation of video content over Internet Protocol (IP) networks by combining the lightweight, ubiquitous access of the Internet with DVD-quality video performance. The company's approach is built upon the success of the DivX(TM) codec, a leading standard for MPEG-4 compatible video distribution with over 70 million users worldwide, and the DivX Open Video System(TM), a next-generation content delivery system that provides unsurpassed aggregation, promotion, and distribution of video content for mass markets. DivXNetworks is headquartered in San Diego, California, with a satellite office in Los Angeles. For more information about DivXNetworks, visit www.divxnetworks.com.
About ACD Systems International Inc.
Headquartered in British Columbia since 1993, ACD Systems International (Toronto:ASA.TO - News) is one of the world's leading developers and marketers of digital imaging software. The company has a history of rapid revenue growth and consistent profitability. ACD has penetrated the global marketplace through advanced Internet distribution and strategic partnerships with manufacturers and developers. ACD has millions of consumer users and over 33,000 corporate customers including many Fortune 500 companies. For further details, please visit us at our corporate web site: www.ACDSYSTEMS.com
THIS NEWS RELEASE MAY CONTAIN FORWARD-LOOKING STATEMENTS BASED ON THE ESTIMATES AND OPINIONS OF MANAGEMENT AT THE DATE THE STATEMENTS WERE MADE AND THE COMPANY UNDERTAKES NO OBLIGATION TO UPDATE FORWARD-LOOKING STATEMENTS IF CONDITIONS OR OPINIONS SHOULD CHANGE.
(First posted on Wednesday, November 6, 2002 at 18:13 EST)