SONIC SOLUTIONS

Filed

by

DivX,

Inc.

Pursuant

to

Rule

425

under

the

Securities

Act

of

1933

and

deemed

filed

pursuant

to

Rule

14a-12

under

the

Securities

Exchange

Act

of

1934

(the

“Exchange

Act”)

Subject

Company:

DivX,

Inc.

Exchange

Act

File

Number:

001-33029

SUPERSEDED

SONIC SOLUTIONS

SONIC SOLUTIONS

Disclaimer

Cautionary Note Regarding Forward-Looking Statements:

This presentation includes statements about future economic performance, finances, expectations, plans and prospects of Sonic

Solutions

and

DivX,

both

individually

and

on

a

consolidated

basis,

that

constitute

forward-looking

statements

for

purposes

of

the

safe

harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to certain risks

and uncertainties that could cause actual results to differ materially from those expressed in or suggested by such statements,

including, but not limited to, the following: (1) the parties may not obtain the requisite shareholder or regulatory approvals for the

transaction;

(2)

the

anticipated

benefits

of

the

transaction

may

not

be

realized;

(3)

the

parties

may

not

be

able

to

retain

key

personnel;

(4) the conditions to the closing of the transaction may not be satisfied or waived; (5) the impact of general economic conditions on

the

businesses

and

results

of

operations

of

the

two

companies;

and

(6)

other

factors

set

forth

in

Sonic

Solutions’

and

DivX’s

most

recent Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q filed subsequent to the Annual Reports and other documents

filed by them with the Securities and Exchange Commission (“SEC”) and available on or through their respective corporate websites,

www.sonic.com

and

www.divx.com.

In

light

of

the

inherent

risks

and

uncertainties

in

all

forward-looking

statements,

the

inclusion

of

such

statements

in

this

presentation

should

not

be

considered

as

a

representation

by

Sonic

Solutions,

DivX

or

any

other

person

that

Sonic Solutions’

or DivX’s

objectives or plans, both individually and on a consolidated basis, will be achieved. These risks, as well as

other risks of the consolidated company may be different from what the companies expect and each party’s management may

respond differently to any of the aforementioned factors. These risks, as well as other risks associated with the transaction, will be

more fully discussed in the joint proxy statement/prospectus that will be included in a Registration Statement on Form S-4 to be filed

by Sonic Solutions with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which

speak only as of the date on which they are made.  For further information regarding cautionary statements and factors affecting

future business or financial results of Sonic Solutions or DivX, please refer to their most recent Annual Reports on Form 10-K,

Quarterly Reports on Form 10-Q filed subsequent to the Annual Reports and other documents filed by them with the SEC and

available

on

or

through

their

respective

corporate

websites,

www.sonic.com

and

www.divx.com.

Neither

Sonic

Solutions

nor

DivX

undertakes any obligation to update or revise publicly any forward-looking statement whether as a result of new information, future

developments or otherwise except as required by law. 

SONIC SOLUTIONS

SONIC SOLUTIONS

Disclaimer

Additional Information :

This material is not a solicitation of a proxy, an offer to purchase, nor a solicitation of an offer to sell shares of Sonic Solutions, and it

is not a substitute for any proxy statement or other filings that may be made with the SEC with respect to the merger. When such

documents are filed with the SEC, investors will be urged to thoroughly review and consider them because they will contain important

information.

Any

such

documents,

once

filed,

will

be

available

free

of

charge

at

the

SEC's

website

(www.sec.gov)

and

from

Sonic

Solutions

and

its

corporate

website

(www.sonic.com)

or

from

DivX

and

its

corporate

website

(www.divx.com).

Sonic Solutions, DivX

and their respective directors, executive officers and other members of their management may be

deemed

to

be

soliciting

proxies

from

shareholders

of

Sonic

Solutions

or

DivX

in

favor

of

the

merger.

Investors

and

stockholders

may

obtain more detailed information regarding the direct and indirect interests in the merger of persons who may, under the rules of the

SEC, be considered participants in the solicitation of these shareholders in connection with the merger by reading the preliminary and

definitive proxy statements regarding the merger, which will be filed with the SEC. Information about the directors and executive

officers

of

Sonic

Solutions

may

be

found

in

its

definitive

proxy

statement

filed

with

the

SEC

on

October

1,

2009.

Information

about

the

directors

and

executive

officers

of

DivX

may

be

found

in

its

definitive

proxy

statement

filed

with

the

SEC

on

April

20,

2010.

These

documents

will

be

available

free

of

charge

once

available

at

the

SEC's

web

site

at

www.sec.gov

or

by

directing

a

request

to

either

Sonic Solutions or DivX.

SONIC SOLUTIONS

Transaction Overview

Structure

•

Acquisition of DivX by Sonic for cash and stock

Terms

•

$9.83 per DIVX Share (based on SNIC closing price 6/1)

Cash: $3.75

Stock: 0.514 shares of SNIC per DIVX share

Contingencies

•

Regulatory approvals

•

Shareholder approvals

•

Customary closing conditions

Expected Closing

•

September 30, 2010

Management

•

Current Sonic management, augmented with key DivX managers

•

2 additional board members from DivX board to be named later

SONIC SOLUTIONS

Why We’re Doing This

* Removing purchase accounting non-cash charges and stock-based compensation

Compelling

Economics

•

Highly accretive deal

•

Pro Forma FY2012 non-GAAP* earnings over $0.40/share

(More than double the pro forma results without the deal)

Distinctive

Technology

Assets

•

DivX and MainConcept are the “go to guys”

for Internet video codec

technology –

they power the worlds leading companies with H.264 video

encoding

•

Codec and DRM deployment on 300 million devices

•

DivX TV platform enhances our position with retailers

Consumer

Electronics

Leverage

•

DivX partners with more than 150 CE mfrs to support over 8500 models with

over 300 million units shipped

•

Significantly enhances our CE partnerships and operational capabilities

•

Accelerates our RoxioNow platform initiatives

Strong Brand

•

DivX is synonymous with high-quality video delivery

•

Billions of player launches every year

SONIC SOLUTIONS

PC, Macs

BD Players

Sonic’s

Strategy:

Enabling Digital Media from Hollywood to Home

Mobile devices

Connected TVs

DVRs/STBs/DMAs

(Ramping to 30 million devices in 2011)

SONIC SOLUTIONS

PC, Macs

BD Players

With DivX, Our Strategy is

Accelerated, Enhanced & Expanded

Mobile devices

Connected TVs w. Digital

servcies

DVRs/STBs/DMAs

>300 million devices + expanded services

PS3

SONIC SOLUTIONS

Sonic + DivX: A Virtuous Cycle

•

500M downloads

•

1.8 billion player & web

player launches/year

•

12M unique website

visits/month

•

16,000

retail

storefronts

•

50

million

installed

on

PC

s

each

year

via

OEM

•

> 300 M DivX

devices

shipped worldwide

•

Emerging segments:  DTV,

Blu-ray, mobile, PS3

•

RoxioNow

platform

on

leading

DTV,

BD,

and

STBs

•

Billions of DivX

video files on the Internet

•

All digital titles for Warner Bros., Sony Pictures, Paramount,

Lionsgate

and Starz

Media’s Overture Films

•

Agreements

with

all

major

studios,

250

indies

SONIC SOLUTIONS

SONIC SOLUTIONS

Distinctive Technology Assets

Software &

Community

-

500 million

downloads

-

Encoders and

players for HD

content

-

Rich consumer

ecosystem

DivX

TV

-

TV “Start page”

-

Aggregates paid

and free web

content

-

Rev-share to CE

OEMs with

accelerated retail

store placement

Main Concept

-

Enterprise video 

platform

-

H.264 codec

experts

-

Powering leading

video companies

globally

CE Licensing

-

300 million

device footprint

-

High-efficiency

codecs

and

profiles

-

Hollywood-

approved DRM

-

Moving to DivX

Plus HD (H.264)

SONIC SOLUTIONS

The DivX

Community

•

One of the most recognized codecs

in the world

•

RoxioNow

+ DivX

= opportunity to drive DivX

awareness in US via premium content

>500 Million total software downloads

>1.8 Billion Player launches per year

>12 Million monthly visitors to DivX.com

SONIC SOLUTIONS

SONIC SOLUTIONS

Deeper & New CE Partnerships & Delivery Expertise

Mobile Phones

Gaming Consoles

Digital TVs

Blu-ray Disc Players

Set-Top Boxes

Portable Media Players

In-Car Entertainment

DVD Players

Media Streamers

SONIC SOLUTIONS

SONIC SOLUTIONS

SONIC SOLUTIONS

DivX

TV:

The best content; easily deployed; rapidly monetized

•

Content

–

Premium: VOD, EST

–

Web: free, ad supported

–

Personal videos, photos

•

Deployment

–

Lightweight architecture

–

Easily adapted for retailers

–

Simple to deploy for CE makers

•

Monetization

–

Expanded services revenue

–

Improved CE economics

–

Superior consumer connection

Broadcast & Professional

IPTV & Streaming

Multimedia

Digital Signage

Security & Surveillance

Medical

Enterprise Video Platform

Powering H.264 Globally

SONIC SOLUTIONS

Global Scale, 24/7 Operations

Sonic

DivX

Dots indicate major offices by employee

size

scale & reach for our partners and customers

SONIC SOLUTIONS

SONIC SOLUTIONS

Summary: Combined Strengths

•

Rich technology portfolio

•

Longstanding relationships with

Hollywood studios

•

Powering third party content

services (Best Buy, Blockbuster,

etc.)

•

Device manufacturers (LG,

Samsung, etc.)

•

50 million copies of Roxio

software shipped annually

•

15,000 retail outlets

•

65% retail market share

•

500 million software downloads

•

Install base of 300 million DivX

enabled devices

•

Embedded Internet TV Platform

•

Supplying codec to the world’s

leading companies (Adobe,

Google, etc.)

•

Hollywood approved DRMs

•

Vibrant and extensive Web-based

community of enthusiasts

SONIC SOLUTIONS

Appendix

SONIC SOLUTIONS

SONIC SOLUTIONS

Financial Impact

FY12

Revenues

~$250

Gross Margin

80%

Operating Margin

20%

EPS

>$0.40

•

Very Accretive

•

Significant operational efficiencies and cost savings

•

Possible (not modeled) revenue leverage

SONIC SOLUTIONS

Mobile Handsets

Blu-ray Players

Digital TVs

Set-top Boxes

Gaming Consoles

Portable Media Players

Personal Navigation Devices

DVD and Emerging Products –

Addressable Markets for DivX

Source: DivX, Displaysearch, IMS, iSuppli, ABI, Strategy Analytics, IDC

Mobile:

All

mobile

handsets,

Strategy

Analytics,

Q209

|

DTV:

All

DTVs,

including

digital

CRT

and

RPTV,

Displaysearch,

Q209

|

STB:

All

Digital

STBs,

all

transmission

types,

both

operator

andretail,

IMS,

Q209

|

PMP:

all

video-enabled

PMPs,

no

mp3

only,

IMS,

Q209

|

PND:

all

PNDs.

IMS,

Q209

|

DVD:

all

red

laser

DVD

players/recorders

(including

HTiB),

iSuppli

Q209

|

DSC:

all

dedicated

DSCs,

IMS,

Q209

|

VGC:

all

current

and

next-gen

consoles

from

Sony,

MS,

and

Nintendo,

iSuppli,

Q209

|

BD:

all

standalone

BD-players/recorders, NO PS3,  iSuppli, Q209 | DMR:  Contains standalone DMAs, internet TV boxes, as well as connected AVRs, InStat, 12/08

DVD Market

New Growth

Segments

SONIC SOLUTIONS

Thank You