Dolby
#2222
Rank
$7.06B
Marketcap
United States
Country
Mr. Kevin J. Yeaman (Pres, CEO & Director)
Mr. Andy Sherman (Exec. VP, Gen. Counsel & Corp. Sec.)
Mr. Todd Pendleton (Sr. VP & Chief Marketing Officer)
Summary
History
Dolby Labs was founded by Ray Dolby in London, England, in 1965. In the same year, he invented the Dolby Noise Reduction system, a form of audio signal processing for reducing the background hissing sound on audio tape recordings. His first U.S. patent on the technology was filed in 1969, four years later. The method was first used by Decca Records in the UK.He moved the company headquarters to the United States in 1976. The first product Dolby Labs produced was the Dolby 301 unit which incorporated Type A Dolby Noise Reduction, a compander-based noise reduction system. These units were intended for use in professional recording studios.
Dolby was persuaded by Henry Kloss of KLH to manufacture a consumer version of his noise reduction. Dolby worked more on companding systems and introduced Type B in 1968.
Dolby also sought to improve film sound. As the corporation's history explains:
Upon investigation, Dolby found that many of the limitations in optical sound stemmed directly from its significantly high background noise. To filter this noise, the high-frequency response of theatre playback systems was deliberately curtailed… To make matters worse, to increase dialogue intelligibility over such systems, sound mixers were recording soundtracks with so much high-frequency pre-emphasis that high distortion resulted.The first film with Dolby sound was A Clockwork Orange , which used Dolby noise reduction on all pre-mixes and masters, but a conventional optical soundtrack on release prints. Callan was the first film with a Dolby-encoded optical soundtrack. In 1975, Dolby released Dolby Stereo, which included a noise reduction system in addition to more audio channels . The first film with a Dolby-encoded stereo optical soundtrack was Lisztomania , although this only used an LCR encoding technique. The first true LCRS soundtrack was encoded on the movie A Star Is Born in 1976. In less than ten years, 6,000 cinemas worldwide were equipped to use Dolby Stereo sound. Dolby reworked the system slightly for home use and introduced Dolby Surround, which only extracted a surround channel, and the more impressive Dolby Pro Logic, which was the domestic equivalent of the theatrical Dolby Stereo.Dolby developed a digital surround sound compression scheme for the cinema. Dolby Stereo Digital was first featured on the 1992 film Batman Returns. Introduced to the home theater market as Dolby AC-3 with the 1995 laserdisc release of Clear and Present Danger, the format did not become widespread in the consumer market, partly because of extra hardware that was necessary to make use of it, until it was adopted as part of the DVD specification. Dolby Digital is now found in the HDTV standard of the United States, DVD players, and many satellite-TV and cable-TV receivers.
Dolby developed a digital surround sound compression scheme for the TV series The Simpsons.On February 17, 2005, the company became public, offering its shares on the New York Stock Exchange, under the symbol DLB. On March 15, 2005, Dolby celebrated its fortieth anniversary at the ShoWest 2005 Festival in San Francisco.On January 8, 2007, Dolby announced the arrival of Dolby Volume at the International Consumer Electronics Show.On June 18, 2010, Dolby introduced Dolby Surround 7.1, and set up theaters worldwide with 7.1 surround speaker setups to deliver theatrical 7.1 surround sound. The first film to be released with this format was Pixar's Toy Story 3 which was later followed by fifty releases using the format. About 80% of films released are now mixed in Dolby Surround 7.1 by default.
In April 2012, Dolby introduced its Dolby Atmos, a new cinematic technology adding overhead sound, first applied in Pixar's motion picture Brave. In July 2014, Dolby Laboratories announced plans to bring Atmos to home theater. The first television show to use the technology on disc was Game of Thrones.
On February 24, 2014, Dolby acquired Doremi Labs for $92.5 million in cash plus an additional $20 million in contingent consideration that may be earned over a four-year period.In May 2019, Dolby decided to add Dolby Atmos to hundreds of newer songs in the music industry.In May 2020, Dolby launched a developer platform, Dolby.io, aimed at providing developers self-service access to Dolby technologies through public APIs. It allows any person, organization, small and big, to integrate in their websites, apps, games, etc. features such as media enhancements and transcoding, spatial audio, high-quality video communication and low-latency streaming.
Mission
Vision
Key Team
Mr. Giles Baker (Sr. VP of Cloud Media Solutions)
Mr. Craig Todd (CTO & Sr. VP)
Mr. Robert J. Park (Sr. VP & CFO)
Mr. Ryan Nicholson (VP & Corp. Controller)
Ms. Maggie O'Donnell (Head of Investor Relations)
Mr. Ioan Allen (Sr. VP)
Ms. Linda Rogers (Sr. VP & Chief People Officer)
Recognition and Awards
References
https://en.wikipedia.org/wiki/Dolby
https://in.investing.com/equities/dolby-laboratories
https://finance.yahoo.com/quote/DLB/profile?p=DLB
https://www.comparably.com/companies/dolby-laboratories/mission
https://www.crunchbase.com/organization/dolby-laboratories
https://sec.report/CIK/0001308547
Mr. Kevin J. Yeaman (Pres, CEO & Director)
Mr. Andy Sherman (Exec. VP, Gen. Counsel & Corp. Sec.)
Mr. Todd Pendleton (Sr. VP & Chief Marketing Officer)