Xperi (XPER) unit DTS and Imax (IMAX) said Thursday that Sony (SONY) Pictures Entertainment plans to expand its catalog of Imax-enhanced content featuring DTS:X immersive sound.
The expansion will add hundreds of Sony Pictures titles to catalog of films available in the format.
Content from the catalog is expected to be first available via ad-supported video on demand on certain Hisense and Toshiba television models in the UK and Germany beginning early next year, the companies said.
Xperi shares were up 1.4% in recent premarket activity, while Sony rose 2.3%. Imax was down 0.2%.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.