DivX Swings To Loss; Revenues Drop 32 Percent

Digital video technology firm DivX, in the middle of trying to shift from its DVD licensing business to other categories, such as set-top boxes and mobile phones, swung to a loss of $319,000 as revenues fell 32 percent to $16.6 million. Kevin Hell, DivX’s CEO, cited the company’s August acquisition of AnySource Media for $7.5 million, plus earnout, as evidence of its intentions to broaden its product offerings. Earnings release |...

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