DivX

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DivX stands for Digital Video Xtreme. It is known as a video codec which has good compression ratios while preserving a good quality based on the H.263 codec.
When DivX Inc.[dead link] introduced the DivX6 format DivX became a container, too. The file extension for the DivX container is .divx (Still under development) but normally the DivX encoded video will reside inside an AVI container.