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Stage6 Youtube clone shutdown

DivX, Inc., a digital media company, started Stage6 to provide high quality online video. Following an exploration of
strategic options that began in July 2007, the Company has decided to
cease operation of the site and focus its resources on the Company’s
core DivX technology licensing business while also continuing to power
the distribution of DivX video content on third-party sites.

“Our
core business is to work with a wide variety of partners to give
consumers a high-quality digital video experience on any device or
platform,” said Kevin Hell, CEO of DivX, Inc. “By no longer expending
resources on Stage6, we sharpen our focus on creating a global standard
for digital video while building a business that maximizes shareholder
value. We will provide more information related the Stage6.com shutdown
on our fourth quarter earnings call, scheduled for March 11, 2008.”

Videos
on Stage6.com will be available for viewing and download through
February 28, 2008. The Company will work with certain content
publishers to migrate content to alternative web distribution
platforms.


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