Digital Cinematography

DTS Sells Digital Cinema Business for $3.3 Million
By Staff
May 13, 2008, 12:02

New York - DTS Inc., which makes audio parts for speakers, DVD players and computers, said Monday it sold its digital cinema business to Beaufort California Inc., a member of U.K.-based Beaufort International Group PLC.

The sale closed on Friday for about $3.3 million in cash and the assumption of certain debt.

DTS said that under certain circumstances it also could get up to an additional $11.7 million over the next few years.

DTS shares rose 21 cents to $28.71 in aftermarket trading, after falling 34 cents to $28.50 in the regular session.

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