GDC Technology Limited (“GDC”) and Dolby Laboratories, Inc. (“Dolby”) have reached an agreement to resolve the litigation filed by GDC against Dolby. As part of the resolution, GDC will dismiss its lawsuit against Dolby, and GDC and Dolby will grant each other licenses that will allow their respective theater management systems to interoperate with the other party’s digital cinema servers. The terms of the settlement agreement are confidential.
Source: GDC and Dolby Resolve Litigation