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Dolby Laboratories, Inc. (DLB)

- NYSE
  • Feb. 24, 2014, 5:35 PM
    • Dolby (DLB -0.9%) is acquiring Doremi Labs, a maker of video playback servers for digital cinemas, for $92.5M in cash + $20M in performance pay-outs.
    • Doremi's hardware, which include 4K playback servers, complements Dolby's Atmos audio playback systems for theaters. The company also offers theater management software and post-production/mastering systems.
    • Dolby's product sales fell 29% Y/Y in the December quarter to $18.1M (8% of total revenue).
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Company Description
Dolby Laboratories Incdevelops audio, video and voice technologies that transform entertainment and communications in mobile devices, at the cinema, at home and at work.