Agoura Hills, CA—Apr 17, 2006
DTS Finalizes Digital Booking Systems Acquisition
DTS Expands Cinema Services With Addition Of DBS
DTS, Inc. (Nasdaq: DTSI) announces that the company has finalized its acquisition of Digital Booking Systems (DBS) from FilmStew International, Inc. DBS, the only Application Service Provider (ASP) that enables cinema exhibitors and distributors to manage communications via the Internet, has transitioned all operations and customer support to DTS. The acquisition represents DTS’ continuing expansion of products and services for an increasingly digital and software-based film industry.
Created by FilmStew, DBS allows exhibitors and distributors to conduct business online by accelerating the process of booking playdates, scheduling showtimes, programming trailers, tracking data and facilitating film rental payments. Uniting geographically scattered organizations and enabling them to function as a single, cohesive business unit, the functionality of the application has been carefully designed to accurately model standard practices in the exhibition industry.
“We have had tremendous cooperation between DTS and FilmStew in completing this acquisition,” said Don Bird, Senior Vice President, Cinema Division at DTS. “DTS is pleased and excited to add Digital Booking Systems to our increasingly diverse offerings for the cinema industry.”
J. Sperling Reich, Founding Director and President of DBS, will assume the role of Director, Product Development, Digital Content Networks for DTS. As a result of the acquisition, www.digitalbooking.com will remain active.
About DTS Cinema Division
DTS, a leading digital sound company, is now a leading digital entertainment company, with emergent capabilities and resources to integrate and support a fully digital experience for high-quality cinema presentation.
DTS’ expanded range of products and services are founded upon our proven expertise in the creation and delivery of digital media for cinema, and have been developed to meet the opportunities and challenges of the industry transition to a digital entertainment platform. Our content creation and delivery tools for D-cinema and E-cinema, and media network systems offer new standards of quality and ease of operation. These tools and systems are designed to define and support new opportunities for increased revenues and efficiencies for content providers and exhibitors.
Alongside the existing advantages of DTS’ single print solution for cinema sound, we provide an extended portfolio of products and services that allow flexibility and easy implementation of the latest delivery, scheduling and presentation solutions for pre-show, advertising and alternative content.
DTS continues its relentless commitment to partnering with exhibitors in providing value-added products and support in the transition from film to a fully digital entertainment experience.