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DivX video format to challenge giants.(Brief Article)

DivX, MPEG-4 based video compression format behind growing piracy of Hollywood movies on the Internet, has found a legitimate champion. DivXNetworks (USA; +1/858 909 5300; www.divxnetworks.com), which has released an updated version of the software, DivX 4.0, has licensed system to its first commercial partner. Independent film distributor Strand Releasing will use DivX Open Video System for secure pay-per-view downloads of a range of on-demand movies. Consumers can rent films for $4.95 directly from Strand Releasing's website for five days, after which the file becomes inaccessib

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