JVC to Include Divx Player in DVD Line
biz.yahoo.com
ELMWOOD PARK, N.J., Jan. 16 /PRNewswire/ -- JVC Company of America, one of the world's leading manufacturers of consumer electronics, announced today that it will manufacture DVD players which include the new Divx feature, an enhancement that gives consumers additional choices to enjoy digital home movie entertainment.
''JVC is currently celebrating our 70th Anniversary. Our success reflects a commitment to staying on the cutting edge of home consumer technology and our ability to accurately assess and produce quality products and features that offer consumers what they want to purchase,'' said Harry Elias, Executive Vice President and C.O.O. of JVC Company of America. ''We believe that manufacturing DVD players with the Divx feature gives our customers more versatility while broadening the choices available in DVD technology.''
The Divx system allows consumers to purchase a special, encrypted movie disc for about $4.50. The price includes a two-day viewing period that begins, not when the consumer leaves the store, buy only when he or she inserts a disc into a Divx player and pushes play for the first time, either on the day of purchase, the next week, or months away. Divx plans to make an ample inventory of each title available so the consumer can conveniently purchase discs for future play. Discs never have to be returned and so the consumer can incur no late fees for a video rental. A Divx player will play all standard DVD discs, but players without the Divx feature will not play the more modestly priced Divx discs.
JVC anticipates that its Divx-enhanced DVD players will be available to consumers through authorized JVC dealers within a year.
Disney's Buena Vista Home Entertainment, Paramount, Universal and DreamWorks have agreements to make titles available for release on Divx discs. Close to 500 titles are expected to be available during the product's first year.
Divx players also enable movie enthusiasts to both purchase additional viewing periods at reduced costs over initial purchases and convert most titles to unlimited viewing. All transaction information is recorded through a phone line connection from the player to the Divx transaction processing center. No phone connection is required to play a Divx disc. Digital Video Express, LP is making the Divx capability available to JVC.
JVC, headquartered in Elmwood Park, New Jersey, is a leading consumer electronics manufacturer. The company distributes a complete line of video and audio equipment including camcorders, VCRs, color televisions, home and portable audio equipment, mobile audio and blank tapes. For more information on JVC consumer products, contact Nancy Fleming Bird or Arlene Rupp at 201-794-3900 or visit JVC's web site at www.jvc.com.
SOURCE: JVC Company of America |
