Find Companies:
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Digital Cinema Technology Sep. 27, 2016
Please Login
Login/Signup
Sponsors

RSS News
RSS Info About RSS

Member
logo
logo
logo
logo
logo

# 1938 Baird

Skip Navigation LinksStart / Menu > Find Press Releases > Full Press Release
San Francisco—Feb 24, 2014

Dolby Signs Agreement to Acquire Doremi Labs

Dolby Laboratories, Inc. 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 and Doremi Labs have complementary technology expertise and solutions,” said Kevin Yeaman, President and CEO, Dolby Laboratories. “Together we’ll be able to advance the pace of innovation and create the kind of cinematic experiences that drive movie attendance for our exhibitor partners.”

“For more than 40 years, Dolby has provided innovative technology to the cinema exhibition industry, offering storytellers the tools and technology to express their visions in new ways,” said Camille Rizko, Founder and President, Doremi Labs. “But more importantly, Dolby shares our commitment to working closely with exhibitors to bring amazing experiences to moviegoers.”

The acquisition is subject to customary closing conditions, including review by US and international regulators. Depending on these conditions, the transaction is anticipated to close by the end of 2014. The impact of the acquisition on fiscal year 2014 revenue and non-GAAP results is not expected to be material.

About Dolby Laboratories
Dolby Laboratories creates audio, video, and voice technologies that transform entertainment and communications in mobile devices, at the cinema, at home, and at work. For nearly 50 years, sight and sound experiences have become more vibrant, clear, and meaningful in Dolby®. For more information, please visit www.dolby.com .

About Doremi Labs
Doremi Labs, established in 1985, is a leading developer and manufacturer of digital servers and format converters for the broadcast, postproduction, and professional audio/visual markets and is the world’s leader in digital cinema technology. Doremi Labs’ technology is installed in more than 47,000 screens with a broad customer base of leading exhibitors. Doremi Labs has about 130 employees and has offices in Burbank, California, as well as other international sites including France.
Dolby Contacts: Sales:
DDCinfo@dolby.com

Media Contact:
Joshua Gershman
Dolby Laboratories
415-645-5611
Joshua.gershman@dolby.com
Dolby Web Site:
Logo: Dolby Laboratories, Inc. About Dolby Laboratories, Inc.: Dolby Laboratories (NYSE: DLB) is the global leader in technologies that are essential elements in the best entertainment experiences. Founded in 1965 and best known for high-quality audio and surround sound, Dolby creates innovations that enrich entertainment at the movies, at home, or on the go. Dolby Laboratories, Inc. Directory page Dolby Laboratories, Inc. Web Site
More Dolby Press Releases: Sep 26, 2016 L.O.R.D (Legend of Ravaging Dynasties) to be Released in Dolby Vision Imaging and Dolby Atmos Sound for Dolby Cinema Aug 17, 2016 Wanda Cinema Line Selects Dolby Digital Cinema Servers for Cinemas in China Aug 8, 2016 AMC Theatres and Dolby to Accelerate Deployment to 100 Dolby Cinema at AMC Sites By End of 2017 Jul 25, 2016 Disney’s Pete’s Dragon and Marvel’s Doctor Strange Among Seven New Disney Releases Announced for Dolby Cinema Jul 8, 2016 For a Few Bullets Becomes First Chinese Local-Language Title for Dolby Cinema Jun 29, 2016 Cineplexx Raises the Stakes By Bringing Dolby Cinema to Cineplexx Salzburg Airport Jun 27, 2016 Dolby Laboratories and Amazon Announce Availability of Dolby Vision High Dynamic Range on Amazon Video Jun 23, 2016 Dolby Cinema Now Available in Asia Through Wanda Cinema Line Jun 22, 2016 Cineworld / Cinema City to Bring Dolby Atmos Immersive Soundscapes to Audiences Across Europe Jun 20, 2016 Dolby to Demonstrate the Evolution of the Cinema Experience at CineEurope 2016 Jun 20, 2016 Dolby Surpasses Major Milestone of 600 Dolby Atmos Screens Installed Or Committed in EMEA Jun 16, 2016 Dolby Laboratories and Lionsgate Announce Collaboration to Bring Dolby Vision and Dolby Atmos Content to the Home May 12, 2016 Dolby Atmos Arrives in Cannes Celebrating Film Festivals May 3, 2016 Television Academy Names Dolby Official Audio Video Technology Sponsor of its Dynamic State-Of-The-Art Theatre in Soon-To-Be-Unveiled New Saban Media Center Apr 11, 2016 Dolby to Showcase the Complete Story of Innovation in Cinema at CinemaCon 2016 Apr 6, 2016 Wanda Cinema Line Selects Dolby Atmos and Dolby Digital Cinema Processors for New Cinema Screens in China in 2016 Mar 15, 2016 Jackie Chan Cinema and Dolby Laboratories to Bring Dolby Cinema to China’s Top-Grossing Cinema Site This Summer Mar 9, 2016 Justice Prevails in Dolby Cinema Feb 18, 2016 Dolby, Christie and Necsel Collaboration on Dolby Vision Laser Projector Wins Prism Award 2016 in ‘Displays & Lighting’ Category Feb 12, 2016 Disney, Lionsgate, and Twentieth Century Fox Continue Momentum in Bringing Hollywood Features to Dolby Cinema More
©Copyright 2003 - 2016 WHMCC, LLC. All rights reserved.   | Contact | Terms of Use | Privacy Statement
banner