May 11, 2005
Cannes, France, May 11, 2005--Dolby Laboratories (NYSE: DLB) announced today that its Production Services Group will be on-site at the Cannes Film Festival (May 11-22) to assist with film presentations. In addition to ensuring high-quality screenings at the festival, Dolby will also showcase for the first time at the festival Dolby® Digital Cinema technology with a presentation of Death Train with Lasko and Dolby ScreenTalkTM with a screening of Kung Fu Hustle, during which English subtitles will be digitally superimposed on the screen.
Dolby Laboratories has a long history of supporting the world-renowned Cannes Film Festival, providing both products and services to ensure quality audio presentations. Last year, Ray Dolby, founder and Chairman of Dolby Laboratories, was awarded the Médaille du Festival de Cannes in recognition of the company's ongoing support and technical expertise at Cannes.
For more than 30 years at Cannes, Dolby engineers have calibrated cinema sound systems, installed the latest Dolby technologies, and provided 24-hour assistance to help resolve last-minute technical issues in the cinemas. Their efforts have supported the presentation of hundreds of films, including Palme d'Or winners such as Apocalypse Now, Pulp Fiction, and Sex, Lies, and Videotape (see below for a complete listing of Palme d'Or winners since 1975). Last year, more than 800 film screenings at the festival used Dolby audio technologies.
"We believe that the technical support provided by Dolby every year is part of the reason why, since 1988, nearly every Palme d'Or winning film at Cannes has had a Dolby soundtrack," commented Dominique Schmit, Dolby Film Consultant, France. "In France, we have worked on 165 original films this year, plus 189 French language dubs, and are always closely involved with the creation of innovative audio experiences."
In addition to Dolby's traditional audio expertise, the company will be showcasing some of its newest digital imaging technologies. This year the Cannes Film Festival will experience its first Dolby Digital Cinema screening in the Riviera Theatre for the presentation of action concept's Death Train with Lasko, which was digitally mastered in Dolby Laboratories' recently opened European digital cinema mastering facility. Dolby Digital Cinema is a high-quality, secure, and reliable solution that is designed and built specifically for today's cinemas. It offers superb picture quality, simplified operation, and outstanding reliability, plus high levels of security.
Dolby will also be working with Titra Film, the subtitle provider, for an English-language-subtitled screening of Columbia's Kung Fu Hustle, using the Dolby ScreenTalk system. Dolby ScreenTalk is an innovative and practical solution for projecting subtitles with conventional 35 mm film presentations. The system superimposes clear digital subtitles over the main film picture using a conventional video projector.
"It's always an honor to lend our support to the prestigious Cannes Film Festival," said Graham Edmondson, Development Manager, Production Services Group, Dolby Laboratories. "Our company remains committed to bringing technologies to market that significantly improve the cinema-going experience by providing filmmakers with the tools to ensure moviegoers experience the films as the filmmakers intended."
About Dolby Laboratories
Dolby Laboratories (NYSE: DLB) develops and delivers products and technologies that make the entertainment experience more realistic and immersive. For nearly four decades, Dolby has been at the forefront of defining high-quality audio and surround sound in cinema, broadcast, home audio systems, cars, DVDs, headphones, games, televisions, and personal computers. Based in San Francisco with European headquarters in England, the company has entertainment industry liaison offices in New York and Los Angeles, and licensing liaison offices in London, Shanghai, Beijing, Hong Kong, and Tokyo. For more information about Dolby Laboratories or Dolby technologies, please visit www.dolby.com.
Certain statements in this press release, including statements regarding the performance and capabilities of Dolby's Digital Cinema system and its ScreenTalk system, the potential benefits that Dolby' customers, including studios and exhibitors and audiences may derive from these products and technologies, the anticipated market acceptance of these products and technologies, and the benefits derived by film industry professional and audiences from Dolby's engineering services are "forward-looking statements" that are subject to risks and uncertainties. These risks and uncertainties, which could cause the forward-looking statements to differ materially from anticipated results, include, without limitation, risks associated with building customer and consumer acceptance of and demand for Dolby's Digital Cinema system and ScreenTalk system, including competition risks; risks associated with the development of digital cinema market generally; rapid changes in technical requirements for digital cinema, cinema sound and subtitling technologies; risks associated with introducing new digital cinema and subtitling technologies to cinemas; risks associated with being providing engineering services to successfully increase the quality of movie presentations in theatres; and other risks detailed in Dolby's Securities and Exchange Commission filings and reports, including, its registration statement on Form S-1, as amended, filed in connection with its initial public offering. Dolby disclaims any obligation to update information contained in these forward-looking statements whether as a result of new information, future events or otherwise.
Dolby and the double-D symbol are registered trademarks of Dolby Laboratories. ScreenTalk is a trademark of Dolby Laboratories. W05/54
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