Your Universal Remote Control Center
What's New @ Remote Central
Up level
Up level
The following page was printed from

Plug Pulled on DIVX
Posted by Daniel Tonks on June 16, 1999 at 1:00 AM
RC News Story
DIVX gets plug pulled: In an announcement today that surprised everyone in the online community, Digital Video Express (DIVX) officially closed it's doors and canceled operations, with Circuit City posting a $114 million loss after disposal of the division. Richard L. Sharp, chairman and CEO of Circuit City Stores, Inc., claims an inability to obtain adequate support from move studios and other retailers for the failure of the pay-per-view format. Current DIVX owners will have a 2-year window to continue watching DIVX discs. Silver conversion will no longer be possible, while all current Silver-disc owners may choose to continue watching until the window expires or may request a full refund of the conversion price. Current DIVX player owners may also apply for a $100 cash rebate.

The ultimate irony is that this closure comes mere days after controversy erupted on the Internet over Disney DIVX-exclusive titles such as Who Framed Roger Rabbit -- titles that will no longer be released. The demise of DIVX will ultimately clear confusion in the digital home video market, leaving one clear winner for all studios and consumers to support. Further information may be obtained on the offical DIVX web site, on ZD Net or Reuters.

Recent Related Headlines
In searching for the perfect day, Timmy discovers something unexpected!
That childhood favorite is back in a new Timmy video.
Share this!

Hosting Services by ipHouse