DivX to go public this week

DivX, the little video compression software company that could, is aiming to go public this week, CNET is reporting. The company has almost matched last year's annual revenue of $29.3 million in the first 6 months of 2006, and after adding copy protection to its software which helped it land in over 50 million DivX-certified devices to date, the company is now shaking hands with its former enemy: Hollywood studios. DivX is hoping to strike it big with said studios in a lucrative web distribution deal for films, though as far as we can tell, no deals are itching to be signed just yet.

Tags: business, copy, divx, drm, hollywood, offering, protection, public, revenue, software, stock