DivX Announces Appointment of New Board Member

DivX Announces Appointment of New Board Member

Alex Serge Vieux, Publisher and CEO of Red Herring, to Join DivX Board

SAN DIEGO, March 9 /PRNewswire-FirstCall/ -- DivX, Inc. (NASDAQ:DIVX) , a digital media company, today announced that its Board of Directors has elected Alex Serge Vieux, Publisher of Red Herring and Chief Executive Officer of Red Herring, Inc., to the Board increasing the size of the Board from seven to eight members.

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"We are pleased to add individuals of Alex's caliber to our board," commented Kevin Hell, Chief Executive Officer for DivX. "Alex's global entrepreneurial experience coupled with his background as a publisher of one of the leading technology publications will provide valuable perspectives to our already diverse Board. His current board appointments on numerous international public and private companies bring a unique combination of business and technical knowledge and skills to our organization."

"Alex's strengths as a high-tech journalist, entrepreneur, professor and advisor bring a wealth of knowledge and leadership to our Board," said Chris McGurk, Chief Executive Officer for Overture Films and chairman of the Board's Nominating and Corporate Governance Committee. "We look forward to working with Alex as our Board continues to shape the direction of DivX while supporting its ongoing efforts to bring high-quality digital media to consumers."

Mr. Vieux's contributions to the technology industry span more than 20 years and include co-founding two banking software companies, CATS and Renaissance Software, as well as DASAR, a European incubator and conference company. Repeatedly named by Time magazine as one of the top 25 people shaping a Digital Europe, Mr. Vieux has been elected to the Board of Directors of ten public companies, including Tandem Computers (until the company's merger with Compaq), Computer Associates, Commerce One, BVRP, and Check Point Software. He was a special advisor to the French Minister of Finance, Industry and Economics from 1991 until 1993, and served as president of the French Republic's Infotech Commission between 1997 and 1999.

"DivX has already impacted the life of millions of people across the globe with its technology," stated Mr. Vieux. "It will undoubtedly transform the living room experience in many more ways than we can even dream of. DivX's team and their accomplishments are exceptional assets for our sector. I am thrilled and honored to have been selected by its Directors and management."

Mr. Vieux has held positions at the University of Paris Dauphine and the Universite de Paris Sorbonne, lecturing on the development of the IT industry. He is a graduate of the Institute d'Etudes Politiques and the French business school HEC. He also holds a law degree from the Universite de Paris and an MBA from Stanford University where he was a Fulbright Scholar.

DivX's current Board of Directors consists of Dr. James Brailean, Chief Executive Officer for NextWave Mobile Products Division, Frank Creer, founder and managing director of Zone Ventures, Fred Gerson, Senior Vice President and Chief Financial Officer for the San Diego Padres, Kevin Hell, Chief Executive Officer for DivX, Inc., Chris McGurk, Chief Executive Officer for Overture Films, Jerry Murdock, co-founder and managing director of Insight Venture Partners, and Jerome J.P. Vashisht-Rota, co-founder of DivX, Inc.

About DivX, Inc.

DivX, Inc. is a digital media company that enables consumers to enjoy a high-quality video experience across any kind of device. DivX creates, distributes and licenses digital video technologies that span the "three screens" comprising today's consumer media environment--the PC, the television and mobile devices. Millions of DivX Certified devices have shipped into the market from leading consumer electronics manufacturers. DivX also offers content providers and publishers a complete solution for the distribution of secure, high-quality digital video content. Driven by a globally recognized brand and a passionate community of hundreds of millions of consumers, DivX is simplifying the video experience to enable the digital home.

First Call Analyst:
FCMN Contact: kfisher@divxcorp.com

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Source: DivX, Inc.

CONTACT: media, Jen Baumgartner, +1-503-901-5371,
jbaumgartnerdivxcorp.com, or investors, Karen Fisher, +1-858-882-6415,
kfisher@divxcorp.com, both of DivX, Inc.

Web Site: http://www.divx.com/

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Profile: International Entertainment