Beaufort International Group Plc announced today that it has acquired the business and assets of DTS Digital Cinema from DTS, Inc. for an undisclosed sum. Beaufort made the acquisition through its US subsidiary, Beaufort California, Inc.
Chris Thomas, Beaufort California, Inc.’s CEO, 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 (FilmStore® Content Management System and DTS Digital Cinema Theatre Management System) are now proven and in service. These products have undergone substantial design and development and are ideal as the basis for the latest-generation D-Cinema networks. Our focus is on our customers and leveraging the strength of our products and services to meet their needs in the changing marketplace. We will continue to use the DTS brand for the foreseeable future under our agreement with DTS.”
Jon Kirchner, President and CEO of DTS, Inc. 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.”
Beaufort International Group Plc is majority-owned by Datasat Communications Ltd., a UK-based satellite services provider. Datasat’s Managing Director Phil Emmel stated, “We decided to invest in the DTS Digital Cinema business because the company is one of the few golden brands that is established within the production and distribution and exhibition marketplaces. It is our vision that we can build a significant presence as a provider of products and services to the digital cinema industry. We want to work with all of the stakeholders to make their lives easier in the transition to D-Cinema and also to provide unparalleled levels of service to everyone working with media content. It is a natural extension of our existing managed service business in which we routinely deliver data and media content over secure networks.