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4-Traders Homepage  >  Equities  >  Nyse  >  Dolby Laboratories, Inc.    DLB

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Dolby Laboratories, Inc. : Huayi Brothers to Elevate Moviegoing Experience with Dolby Atmos

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01/25/2013 | 02:02pm CET


January 23, 2013

Huayi Brothers to Elevate Moviegoing Experience with Dolby Atmos

Beijing, January 23, 2013-Dolby Laboratories, Inc. (NYSE:DLB) today announced that it will collaborate with Huayi Brothers Media Co. to bring the Dolby® Atmos™ sound experience to moviegoers across China and beyond. Dolby Atmos is a new audio platform that revolutionizes the experience of sound in entertainment. The collaboration between Dolby and Huayi Brothers is helping to bring a truly lifelike audio experience to movie theatres in China and abroad.

In 2012, Huayi Brothers released two blockbuster titles in Dolby Atmos, including Feng Xiaogang's Back to 1942 (released on November 29), the first Chinese film produced in Dolby Atmos, and Jackie Chan's CZ12 (released in China on December 20). In 2013, Huayi Brothers plans to release additional titles in Dolby Atmos, starting with the Spring Festival release of Journey to the West (China release date: February 10).

"We are very excited to work with Huayi Brothers to enrich Chinese films in Dolby Atmos. It is a big milestone in our efforts to mix local-language films in Dolby Atmos and enhance the cinematic experience for Chinese moviegoers," said Mike Chao, Managing Director, Dolby Laboratories, Greater China. "Dolby Atmos is one of Dolby's most significant innovations in years and represents the future for entertainment sound. It gives content creators a new dimension for storytelling and helps transport audiences right into the onscreen adventure with a lifelike, sensory experience."

About Dolby Atmos
Dolby Atmos brings a powerful new listening experience to the cinema with more natural, realistic sound that truly envelops the audience. It is an end-to-end solution that helps mixers, studios, and distributors dramatically improve the audio experience. The Dolby Atmos platform makes it easy for content creators to create immersive soundscapes, and it ensures the best possible audience experience, regardless of theatre configuration or the number of speakers.

In 2012, Hollywood studios including Disney•Pixar (Brave), Paramount Pictures/DreamWorks Animation (Rise of the Guardians), Twentieth Century Fox (Taken 2, Chasing Mavericks, Life of Pi), and Warner Bros. (The Hobbit: An Unexpected Journey) released features using the Dolby Atmos format. In addition, 2012 international titles released in Dolby Atmos include Back to 1942, The Guillotines, CZ12, and The Last Tycoon in China; Ah Boys to Men in Singapore; and Sivaji 3D in India.

In 2013, four Hollywood titles, including Gravity and Pacific Rim (Warner Bros.), Star Trek into Darkness (Paramount Pictures), and A Good Day to Die Hard (Twentieth Century Fox) are scheduled to receive the Dolby Atmos treatment, with additional studio titles to follow. European productions Lost Place, Mama, and Trance have been released or are scheduled to be mixed in Dolby Atmos.

To learn more about Dolby Atmos, visit dolby.com/Atmos.

About Dolby Laboratories
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 in environments from the cinema to the living room to mobile devices, Dolby creates innovations that enrich entertainment at the movies, at home, or on the go. For more information about Dolby Laboratories or Dolby technologies, please visit www.dolby.com.

Dolby and the double-D symbol are registered trademarks of Dolby Laboratories. Dolby Atmos is a trademark of Dolby Laboratories. S13/26507 DLB-G

Media Contact:
Lila Fu
Dolby Laboratories
Tel: 86-10-5910-3026
Mobile: 86-1391-092-0986
lila.fu@dolby.com

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EBIT 2017 256 M
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P/E ratio 2017 24,81
P/E ratio 2018 21,52
EV / Sales 2017 5,21x
EV / Sales 2018 5,13x
Capitalization 4 753 M
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VIACOM, INC.-5.73%15 514
HUAYI BROTHERS MEDIA C..--.--%4 801
BEIJING ENLIGHT MEDIA ..--.--%4 738
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