DivXNetworks, which provides video compression technology, has agreed to secure a video player from software developer LockStream. Under the deal, the companies said LockStream's Morphing Player will incorporate DivXNetworks' MPEG-4 video decoder. The deal also entails a marketing partnership in which the two companies will work together to promote the device.
Seattle-based LockStream, which is backed by companies such as AOL Time Warner and Artisan Entertainment, created a player that aims to portray an artist's image and personality. Artists can customize the player's design by offering media components such as news, bios, lyrics, e-cards and photo galleries. San Diego-based DivXNetworksa code that is based on the MPEG-4 video standard, a successor to the technology behind the popular MP3 audio format. The company says its technology can transfer a feature film over a high-speed connection in about 30 minutes.