The Walt Disney Company has announced it has signed an intellectual property (IP) licensing agreement with DivX, LLC, a pioneer in digital video technology, for its streaming services which include Disney+, Hulu, and ESPN+.
DivX, LLC develops innovative technology to provide extraordinary digital entertainment experiences on any device. This video codec helps reduce the size of the files being sent from the servers to your device.
Since 2000, DivX has been setting the standard for high-quality digital video by creating pioneering technologies for consumers, device manufactures and streaming services around the world. DivX licenses its technology to enable stunning video playback, and major consumer electronics brands have shipped 1.7 billion DivX-enabled devices worldwide.
DivX also licenses its global portfolio of foundational video patents to leading consumer electronics and video streaming companies. The DivX consumer software has over 1 billion worldwide downloads and provides consumers the tools to play, convert and cast their content