Dolby says its acquisition of THEO Technologies will help create real-time digital experiences for live events that are more interactive and personalised.
The Belgian firm provides video players and solutions for low-latency, live delivery of sports and entertainment content.
It plans to combine its ultra-low latency streaming solution – that delivers less than half a second of latency – with the THEO Technology product set to deliver experiences with no perceptible difference between what you see in-person and what is streaming on your device, making them as close to a shared live experience as possible.
“People want to engage with their content in real-time and have a more personal relationship with their content,” said Giles Baker, Senior Vice President of Dolby Cloud Solutions. “With Dolby Millicast, we’ve enabled service providers to improve the audiovisual experience, and offer experiences that are delivered in real-time. Adding THEO’s suite of products creates a comprehensive cross-platform solution for sports and entertainment companies seeking to enable the most interactive real-time digital experiences.”
“Dolby and THEO have a shared vision to offer customers the best in real-time streaming experiences that drive fan engagement and interactivity. Together, we are set to transform the industry, creating streaming experiences so immersive they rival being there in person,” adds Steven Tielemans, co-founder and CEO of THEO Technologies.
“By joining forces, we will leverage Dolby’s expertise, resources, and market presence to accelerate growth and product innovation. We’re excited to create new era of content innovation, making it more compelling, interactive, and accessible,” said Pieter-Jan Speelmans, co-founder and CTO of THEO Technologies.
In addition to Dolby Millicast and cross-platform video player THEOplayer, the combined product range includes THEOlive: a live streaming solution that delivers high-quality, ultra-low latency streaming at scale and Dolby Hybrik: a comprehensive cloud-based media workflow management service designed to deliver optimised media experiences across a variety of platforms.
Terms for the transaction have not been made public.
