ShowEast to Use Dolby Digital Cinema; Dolby Showcasing Innovative Digital Cinema and Audio Technologies at ShowEast

Business Wire,  Oct 24, 2005  

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SAN FRANCISCO -- Dolby Laboratories (NYSE:DLB) announced today that the ShowEast 2005 convention will utilize Dolby's innovative digital cinema system, Dolby(R) Digital Cinema, for the presentation of key movie feature screenings in Orlando's AMC Pleasure Island 24 Theatres complex.

In addition, Dolby will showcase its digital cinema and audio technologies at the ShowEast 2005 convention expo, held in Orlando, Oct. 24 through 27, at the Orlando World Center Marriott. In the Dolby booth (no. 900), the company will demonstrate the Dolby Digital Cinema system as well as its CP650 audio processor, the engine of Dolby's modern cinema sound system.

On Monday, October 24, ShowEast will present a double feature at the AMC Pleasure Island that will use Dolby Digital Cinema. The presentation will show both Touchstone Pictures' Casanova and a special viewing of Disney's Chicken Little in full in 2-D, followed by selected clips in 3-D. Prior to the screenings, from 3:30-5:00 p.m., Tim Partridge, Senior Vice President and General Manager, Professional Division, Dolby Laboratories, will participate on a panel entitled "A Different Picture: New Dimensions in 3-D Technology--A Look at Digital 3-D and the Rollout of Chicken Little" with Chuck Viane from Buena Vista Pictures Distribution, Glenn Kennell from DLP Cinema, and Joshua Greer from Real D.

"Digital cinema is reshaping the moviegoing experience, and we believe it is an important technological breakthrough that this industry will embrace," said Partridge. "We're already seeing strong signs of both studio and exhibitor support as we initiate the rollout of digital cinema. Based on our relationships with studios and long-term involvement in theatrical distribution, we believe that there will be a steady flow of digital movies moving forward."

Dolby Digital Cinema is a reliable digital cinema system that provides cinemas with the technology to securely store and decode digital files, and then deliver pristine digital movies to the big screen. Dolby's system incorporates the open standards established by the Digital Cinema Initiatives (DCI) and Dolby continues to work with studios in planning for their future needs. In an effort to ensure that the director's vision is delivered to audiences worldwide, Dolby has mastered 17 digital movies, some with multiple language versions, released over the past 12 months, and is currently working with studios on future offerings. Since the introduction of Dolby Digital Cinema at ShowEast 2004, Dolby has installed, or has installations underway, in more than one hundred cinemas worldwide.

For more information, please visit Dolby in booth 900.

About Dolby Laboratories

Dolby Laboratories (NYSE: DLB) develops and delivers products and technologies that make the entertainment experience more realistic and immersive. For 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, features, reliability and capabilities of Dolby's digital cinema system; its modern cinema sound system, including its CP650 Cinema Processor; the potential benefits that Dolby's customers, including studios and exhibitors, and audiences may derive from these products and technologies; Dolby's plans regarding the rollout of the Dolby Digital Cinema products; increased demand for Dolby's digital movie mastering services; Dolby's ability to develop, maintain, and strengthen relationships with industry participants; and the anticipated market acceptance of these technologies 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 that the rollout of the installation of the Dolby Digital Cinema products may not occur as currently anticipated, risks that Dolby Digital Cinema products may not perform as anticipated, risks associated with building market acceptance of and demand for Dolby Digital Cinema product lines and digital cinema in general by filmmakers, studios, cinema operators, and audiences, competition risks for digital theatre technologies, rapid changes in technical requirements for movie theatrical playback technologies, specifically, and entertainment technologies for movies in general, risks associated with developing proprietary technologies and products based on "open standards", risks associated with the health of the motion picture industry in general, risks associated with developing, maintaining, and strengthening relationships with industry participants, risks associated with increased demand for Dolby digital movie mastering services, and other risks detailed in Dolby's Securities and Exchange Commission filings and reports, including its quarterly report on Form 10-Q for its fiscal quarter ended July 1, 2005. Dolby disclaims any obligation to update information contained in these forward-looking statements, whether as a result of new information, future events, or otherwise.