Cinema technology company Dolby Laboratories Inc. DLB, +1.23% on Friday said it plans to sign a deal with France’s largest theater chain, Les Cinemas Gaumont Pathe, to open 10 Dolby Cinema locations in France and the Netherlands. Recently Hollywood, including film exhibitors, have made more of an effort to extend their reach to international markets. “Les Cinemas Gaumont Pathe’s presence throughout France and the Netherlands will introduce Dolby Cinema to more consumers in Europe who seek out the best in entertainment,” said Doug Darrow, the vice president of Dolby’s cinema business group. Dolby’s cinema technology includes state-of-the-art laser projection and sound systems. Dolby cinema will open seven of its 10 new locations in France, and the other three in the Netherlands. Shares of Dolby have gained nearly 12% in the year to date, while the S&P 500 index SPX, +0.03% is up 8%.
Source: Dolby Labs to sign cinema deal with France’s largest theater chain – MarketWatch