India’s Reliance Big Entertainment has bought the digital imaging division of DTS, the audio and digital cinema group.
Deal, which closed Friday, is valued at $7.5 million. It marks Nasdaq-listed DTS’ exit from the image enhancement and restoration sector and leaves the group closer to concentrating on consumer businesses.
Reliance Big Entertainment is part of the Reliance ADAG conglom and is India’s largest entertainment outfit. Through its Adlabs unit, it recently announced that it had bought 250 cinema screens in the U.S.
According to a statement, DTS Digital Images “specializes in solving difficult film imaging problems like flicker, color breathing, dye fading, jitter and weave, misregistration, film damage, dirt, grain buildup and lost detail. It also specializes in repairing video images with problems like dead pixels, sensor patterns, RF interference, high noise levels, poor focus and many others.”