Editing DivX, LLC (section)

==History==
The origin of DivX, Inc. began with video engineer [[Jérôme Rota]] (aka '''Gej'''), who made the original "DivX ;-)" codec available on his personal website after he had [[reverse-engineer]]ed the [[Microsoft]] MPEG-4 V3 codec. Gej was looking for a way to compress his portfolio so he could transmit it using the [[Audio Video Interleave]] file format (AVI).<ref name="DivX_Hollywood">
 {{cite web
 | url = http://www.news.com/2100-1023-853881.html
 | title = DivX Creator Goes to Hollywood
 | author = Lisa M. Bowman
 | publisher = CNET
 | date = March 6, 2002
 | accessdate =September 27, 2007
 }}</ref> The codec became popular because it enabled reasonable quality video transmission over the internet (see [[DivX]]). Co-founder Jordan Greenhall, a former Mp3.com executive, learned of the codec from friends, and used it to download a copy of "The Matrix".<ref name="DivX_Hollywood"/> Greenhall eventually got in touch with Gej through an underground Dutch hacker group after a multi-month search.<ref name="DivX_Hollywood"/> In early 2000, Greenhall put forward the idea of using the "DivX ;-)" codec to found a company. With co-founders Joe Bezdek, Darrius Thompson and, Greenhall and Gej created DivXNetworks, Inc. After coming under scrutiny for the original "DivX ;-)" codec, which was not a [[clean room design]] codec, DivXNetworks created a new, clean room codec.<ref>{{cite book|last1=Dvorak|first1=John|title=DivX Reloaded|date=September 16, 2003|publisher=PC Magazine|page=53|url=https://books.google.com/books?id=2Ug6ukidWm8C&pg=PA53}}</ref>

In 2005, the company was renamed DivX, Inc. The company incurred net losses from its creation through the second quarter of 2005.<ref name="June_2007_10Q">
 {{cite web
 | url = https://www.sec.gov/Archives/edgar/data/1342960/000119312507182130/d10q.htm
 | title = Form 10-Q for Quarter Ending June 30, 2007
 | author = DivX, Inc.
 | publisher = [[United States Securities and Exchange Commission|SEC]]
 | date = August 14, 2007
 | accessdate =September 9, 2007
 }}</ref> The company was profitable for fiscal years 2005–07.<ref name="June_2007_10Q"/>

DivX, Inc. [[initial public offering|went public]] on September 27, 2006. It was listed on [[NASDAQ]] under the ticker symbol DIVX. In December 2006, DivX, Inc. was added to the Russell 2000 and Russell 3000 Indexes.<ref>
 {{cite press release|url=http://www.divx.com/company/press/press_detail.php?pr_id=205 |title=DivX, Inc. Joins Russel 3000 Index |publisher=DivX, Inc. |date=December 14, 2006 |accessdate=September 14, 2007 |url-status=dead |archiveurl=https://web.archive.org/web/20070216105854/http://www.divx.com/company/press/press_detail.php?pr_id=205 |archivedate=February 16, 2007 }}</ref>

In November 2007, DivX bought [[MainConcept]] AG, a specialist provider of video and audio codec solutions.<ref>{{cite news|title=DivX buys video technologies provider MainConcept for $22 mln|url=https://www.reuters.com/article/mainconcept-acquisition-divx/divx-buys-video-technologies-provider-mainconcept-for-22-mln-idUSWNAS249320071114/|accessdate=16 June 2021}}</ref>

In October 2010, [[Sonic Solutions]] completed their acquisition of DivX.<ref name="DivX_Sonic">
 {{cite web|url=http://www.roxio.com/enu/company/press/releases/2010/sonic_completes_divx_acquisition.html |title=Sonic Completes DivX Acquisition |author=Sonic Solutions |publisher=roxio.com |date=October 17, 2010 |accessdate=October 17, 2010 |url-status=dead |archiveurl=https://web.archive.org/web/20101017022622/http://www.roxio.com/enu/company/press/releases/2010/sonic_completes_divx_acquisition.html |archivedate=October 17, 2010 }}</ref>

In February 2011, [[Rovi Corporation]] acquired Sonic Solutions (including the DivX business).<ref>{{cite news|title=Rovi Corporation Successfully Completes Tender Offer for Shares of Sonic Solutions|url=https://www.reuters.com/article/2011/02/14/idUS135654+14-Feb-2011+GNW20110214|archive-url=https://web.archive.org/web/20150823030927/http://www.reuters.com/article/2011/02/14/idUS135654+14-Feb-2011+GNW20110214|url-status=dead|archive-date=23 August 2015|accessdate=14 February 2011}}</ref>

In April 2014, [[Rovi Corporation]] sold the DivX and MainConcept business to Parallax Capital Partners and StepStone Group.<ref>{{cite web|title=Rovi Sells DivX, MainConcept Businesses|url=http://www.rttnews.com/2295136/rovi-sells-divx-mainconcept-businesses.aspx|website=RTT News}}</ref>

In February 2015, [[NeuLion]], Inc. acquired DivX, LLC.<ref>{{cite web|last1=Dreier|first1=Troy|title=NeuLion Acquires DivX, Creates a Full Online Video Solution|url=http://www.streamingmedia.com/Articles/News/Online-Video-News/NeuLion-Acquires-DivX-Creates-a-Full-Online-Video-Solution-101416.aspx|website=streamingmedia.com|date=January 8, 2015 |publisher=Streaming Media|accessdate=8 January 2015}}</ref>

In February 2018, a deal was finalized to sell certain DivX assets, intellectual property and subsidiaries from NeuLion, Inc. to [[Fortress Investment Group]].<ref>{{Cite news|url=https://globenewswire.com/news-release/2018/02/12/1339475/0/en/NeuLion-Closes-Transaction-With-An-Affiliate-of-Fortress-Investment-Group.html|title=NeuLion Closes Transaction With An Affiliate of Fortress Investment Group|work=NeuLion Inc.|publisher=GlobeNewswire News Room|access-date=2018-02-23|language=en-US}}</ref>