Dolby Laboratories is acquiring Burbank’s Doremi Labs for $92.5 million in cash and a possible $20 million earn-out over the next four years. Doremi manufactures and develops digital cinema products such as format converters and digital servers. Dolby, based in San Francisco, is a leading maker of audio technologies used in theaters, home entertainment and other consumer electronics. “Dolby shares our commitment to working closely with exhibitors to bring amazing experiences to moviegoers,” Camille Rizko, Doremi’s founder and president, said in a statement. The deal, announced Monday, is anticipated to close by the end of the year.
