Mumbai: Beaufort International Group has acquired the business and assets of DTS Digital Cinema for an undisclosed sum. Beaufort made the acquisition through its US subsidiary, Beaufort California.
Beaufort California CEO Chris Thomas commented, "We are very pleased to have made this acquisition. DTS is an established brand in the cinema industry, and provides a solid foundation for us to develop our plans in digital cinema." Thomas continues, "DTS has laid the groundwork for us with its 15-year history in providing the highest quality digital audio for film to over 30,000 screens worldwide."
DTS Digital Cinema has delivered soundtracks for over 9,000 releases in over 100 countries and its digital cinema products (Film Store Content Management System and DTS Digital Cinema Theatre Management System) are now proven and in service.
DTS president and CEO Jon Kirchnera added, "We have now completed the sale of the Digital Cinema business which allows DTS to focus entirely on building a high growth consumer business. I truly appreciate the dedication of the management team and employees who continued to build the digital cinema business throughout the sale process, ultimately positioning it for future success under Beaufort’s ownership."