|This Slide: #32 of 100|
Slide #32. Dolby Laboratories, Inc. — Doremi Labs
Dolby Laboratories, Inc. (NYSE:DLB)
Dolby Laboratories, Inc. (NYSE:DLB) today announced it has signed a definitive agreement to acquire Doremi Labs, the leading provider of digital cinema video playback solutions. Together with Dolby's award winning Dolby Atmos object-based sound platform, Dolby and Doremi will enable exhibitors and content creators to redefine the movie experience for audiences around the world. Dolby is acquiring Doremi for $92.5 million in cash plus an additional $20 million in contingent consideration that may be earned over a four-year period.
Dolby Laboratories designs and manufactures audio and imaging products for the cinema, television, broadcast, and entertainment industries. These products are used in content creation, distribution, and playback to improve image and sound quality, and improve transmission and playback. Co. leases hardware that facilitates the Dolby conferencing experience, including the Dolby Conference Phone, and the Dolby Voice Room solution. Co. provides various services to support theatrical and television production for cinema exhibition, broadcast, and home entertainment. Co. also provides post-contract support for products sold and equipment installed at Dolby Cinema theaters.
DLB SEC Filing Email Alerts Service
Open the DLB Page at The Online Investor »
Buy (3.25 out of 4)