Dolby's Expansion Includes OTT, Cable, CEO Says
Dolby's expansion included being supported by over-the-top partners Amazon, Netflix, Tencent and Vudu, with more than 90 Dolby Vision movie titles and 100 hours of original TV content available from streaming partners, CEO Kevin Yeaman said on the company’s call…
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on Q1 ended Dec. 30. Use cases for the company's Atmos have spread, he noted: Lenovo’s gaming PC announced at CES will be the first PC to support Atmos, and Microsoft announced support for Atmos last month in Windows 10. On the content side, Comcast is beginning to deliver content in Atmos, and BT Sport in the U.K. will add Atmos to content in its UHD TV packages, he said Wednesday evening. In Q1, revenue was $266 million, up from $240 million in the year-ago quarter; net income grew to $53.4 million from $30.9 million, said Chief Financial Officer Lewis Chew. Growth was driven by new initiatives, broadcast and cinema products, he said.