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Tag: Kevin Yeaman

  • Dolby declares improved q-o-q results for Q2-2015

    Dolby declares improved q-o-q results for Q2-2015

    BENGALURU:  Audio equipment maker Dolby Laboratories Inc (Dolby) reported a 16 per cent quarter on quarter (q-o-q) growth in revenue for the quarter ended 27 March, 2015 (Q2-2015, current quarter) to US$ 271.95 million as compared to the US$ 234.24 million reported for the immediate trailing quarter. However, y-o-y, revenue fell 2 per cent from the US$ 278.59 million reported for Q2-2015. The company says that total revenue for Q2-2014 included a back payment settlement of US$ 24.7 million, which did not repeat in Q2- 2015.

     

    “We had another solid quarter driven by growth in our broadcast business,” said Dolby Laboratories president and CEO Kevin Yeaman. “In addition, we saw significant progress with our new initiatives as AMC Theatres and Disney announced their support for Dolby Cinema and Vizio announced the first Dolby Vision TV.”

     

    Revenue

     

    Three streams add to the company’s revenue – Licensing, products and services, with licensing contributing the lion’s share. Q-o-q licensing revenue increased 4 per cent to US$ 243.33 million in Q2-2015 as compared to the US$ 216.6 million in Q1-2015, but was 6 percent less than the US$ 258.62 million reported for Q2-2015.

     

    A major chunk of licensing revenue comes from broadcast licensing (42 per cent in Q2-2015, 41 per cent in Q1-2015 and 46 per cent in Q2-2014). PC licensing, Consumer Electronics licensing, mobile licensing and other licensing are the other contributors to licensing revenue. Mobile licensing in Q2-2014 contributed just 11 per cent to licensing revenue, as compared to 16 per cent in the previous quarter and the corresponding year ago quarter.

     

    Products revenue for Q2-2015 was US$ 22.99 million, for Q1-2015 it was US$ 13.26 million and for Q2-2014 it was 14.56 million. Services revenue for Q2-2015 was US$ 5.63 million, for Q1-2015, it was US$ 4.38 million and for Q2-2014, it was US$ 5.41 million.

     

    Income

     

    Q2-2015 GAAP net income was US$ 58.0 million, or US$ 0.56 per diluted share, compared to US$ 75.9 million, or US$ 0.73 per diluted share, for Q2-2014. On a non-GAAP basis, Q2-2015 net income was US$ 74.9 million, or US$ 0.72 per diluted share, compared to US$ 91.7 million, or US$ 0.88 per diluted share, for Q2-2014.

     

    Dividend

     

    Dolby today announced a cash dividend of US$ 0.10 per share of Class A and Class B common stock, payable on May 12, 2015, to stockholders of record as of the close of business on May 4, 2015.

     

    Company forecast

     

    For Q3-2015, Dolby estimates that total revenue will range from US$230 million to US$240 million. Gross margin percentages are projected to range between approximately 89 percent and 90 percent on a GAAP basis and between 90 percent and 91 percent on a non-GAAP basis.

     

    For FY-2015, Dolby anticipates that total revenue will range from US$ 970 million to US$ 1 billion.

     

  • Dolby Vision to debut on Disney’s ‘Tomorrowland’ and ‘Inside Out’

    Dolby Vision to debut on Disney’s ‘Tomorrowland’ and ‘Inside Out’

    MUMBAI: Disney’s Tomorrowland, which releases in theatres on 22 May, 2015, and Disney Pixar’s Inside Out, which releases on 19 June, 2015, will be the first Dolby Vision titles to be shown at Dolby Cinema locations around the globe.

     

    In addition, Disney’s The Jungle Book, due on 15 April, 2016, will also be presented in Dolby Vision, with more titles to be announced.

     

    Dolby Cinema, featuring Dolby Vision and Dolby Atmos, is a premium cinema offering for exhibitors and moviegoers that combines spectacular image and sound technologies with inspired design to make every visit a completely captivating cinematic event.

     

    “Dolby is thrilled to collaborate with Disney and Pixar to push the cinematic boundaries through the powerful combination of Dolby Vision and Dolby Atmos. Dolby Cinema delivers an unforgettable cinema experience that transports moviegoers into the heart of the action,” said Dolby Laboratories president and CEO Kevin Yeaman.

     

    Dolby Cinema begins with the filmmaker’s vision—using the full storytelling capabilities that Dolby offers in image and sound production to transform the way movies are made. Combined with state-of-the-art image, sound, and acoustic capabilities, the movie comes alive to deliver cinema in its purest form.

     

    “The Dolby Cinema experience is a very exciting prospect for both filmmakers and film fans. Dolby has been so vital to the advancement of cinema sound, it makes complete sense for them to turn their attention to enhancing and improving the quality of motion picture images as well. Our team was delighted to collaborate with Dolby, and we are proud thatTomorrowland is the first film to be presented in their stellar new Dolby Vision process. The brightness and clarity of the images, yet with richness and detail in the blacks—WOW. The picture quality, especially in 4K laser projection, is nothing short of stunning,” said Tomorrowland director Brad Bird.

     

    Dolby Cinema features the Dolby Vision projection system, which uses state-of-the-art optics and image processing, to deliver high dynamic range with enhanced color technology and a contrast ratio that far exceeds that of any other image technology on the market today. The result is a richer, more detailed viewing experience that delivers strikingly vivid and realistic images that make viewers feel like they are in the movie’s world. Dolby Cinema also includes the award-winning Dolby sound technology, Dolby Atmos, which moves audio around the theatre, even overhead, with amazing richness and depth. Dolby Atmos debuted in 2012 on Disney Pixar’s Brave.

     

    “Our studio and our filmmakers put so much into creating high-quality, immersive experiences for audiences, and that includes using the latest, cutting-edge technology to enhance the stories we tell. Disney has been a longtime collaborator of Dolby, and we’re excited for the continued storytelling possibilities that technologies like Dolby Cinema deliver,” said The Walt Disney Studios EVP – theatrical distribution Dave Hollis.