Is video compression outfit DivX finally shedding the lingering taint of being tool for content pirates?

It appears so, based on two deals the San Diego company announced this month.…

NEW YORK

Shares of Divx Inc. soared Tuesday after the video technology company announced a distribution agreement with Sony Pictures Television Inc.

Sony said the deal was part of its attempts to find legitimate ways of distributing its content online.

Sony Pictures Television oversees digital distribution for parent company, Sony Pictures Entertainment Inc., responsible for selling major Hollywood titles including…