NEW YORK, Jan. 4 /PRNewswire-FirstCall/ -- On2 Technologies, Inc. (AMEX:ONT) announced today that muvee Technologies, the pioneer and leader in instant personal video, has partnered with On2 to enhance muvee autoProducer with Flash 8 video encoding capability. Under the terms of the agreement, muvee has licensed On2 Flash 8 Video SDK and will pay a per-unit royalty fee for each copy of muvee autoProducer sold. muvee's autoProducer software is bundled with many industry-popular personal computers, with over 30 million units shipped to consumers per year.
"A growing number of our users are taking advantage of broadband and online video hosting services such as video blogging sites to instantly share their muvees in a whole new way with a wider audience," said Terence Swee, muvee's founder and Chief Opportunities Officer. "Adding On2's Flash 8 encoding capabilities to muvee autoProducer now gives our users the added option of making their muvee productions in high quality Flash 8 video, which is great for online streaming."
muvee's award-winning autoProducer software is the first in the world to deliver an intelligent, automatic and effective home video production solution that caters to the majority of consumers who often struggle with manual video editing tools. Users simply choose their video and pictures, add their favorite music, pick a muvee style and click 'make muvee'. In minutes, autoProducer intelligently analyzes the selected media, then automatically cuts footage highlights to the music, with appropriately-styled effects and transitions synchronized to the beat, creating a professional-looking, finished 'muvee'. muvees can be previewed in real time, instantly remade in over 100 different styles, and saved in a variety of popular formats.
"Pioneers like muvee Technologies are accelerating the adoption of powerful, feature-rich consumer video editing applications with capabilities that were once reserved for professional video editors," said Douglas A. McIntyre, On2's chairman, president and chief executive officer. "With this agreement, On2 and muvee are empowering consumers with the fastest growing, most acclaimed Internet video format to hit the market, Flash 8 video. We're pleased that On2 is quickly becoming the source for Flash 8 video technology for digital media application producers like muvee."
About muvee Technologies
Founded in 2001, muvee Technologies is the pioneer and global leader in a dynamic new field: Instant Personal Video. muvee's award-winning autoProducer software features unique patented technology which revolutionizes the process of video production, allowing people to automatically transform their raw video and photos into professional-looking, polished 'muvees' in hundreds of different styles. Users need no prior experience working with video, and each production is finished in seconds -- literally thousands of times faster than is possible with conventional video editing technology. muvee's products are available for the PC, camera phones and other platforms, and have sold into more than 150 countries worldwide. muvee's global partners include Hewlett- Packard, Nokia, Sony, Nikon and ATI. For more information, please visit http://www.muvee.com/.
About On2 Technologies, Inc., The Duck Corporation
On2 Technologies (AMEX:ONT) is a leading technology firm at the forefront of digital video compression. The company revolutionized digital media delivery with the creation of its advanced full-motion, full-screen On2 Video compression and streaming technologies. On2 Video codecs are widely used in the Internet, video-on-demand, VOIP, and mobile media markets. They operate with On2's Flix and On2 TrueCast software, as well as third-party products. On2's software is used by such leading global companies as Adobe/Macromedia, AOL, Skype, XM Satellite Radio, Sony, VitalStream, and Tencent. The On2 Video decoder has an installation base of millions through its inclusion in Adobe Flash Player, Skype 2, AOL Media Player, Viewpoint, and others. Located in New York City, the company has an office in Clifton Park, NY, and operations in Cambridge, UK. To contact On2, write to firstname.lastname@example.org or visit http://www.on2.com/.
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Source: On2 Technologies, Inc.
Web site: http://www.on2.com/