DivX is a package that includes all the DivX codec, player, utilities, and documentation that you need to play DivX files. DivX codec is based on the MPEG-4 compression standard. This codec can reduce an MPEG-2 video (DVD format) to ten percent of its original size. DivX is a digital video compression technology based on the ISO MPEG-4 standard.
New Features Include:
- support for 1080HD encoding
- faster multipass encoding
- better compression when using the internal resize
- adaptive noise reduction
Link: Neowin Forum Discussion
News source: DivX Labs