Cinépolis is committed to installing Dolby's cinema solutions on all refresh and newly built screens throughout their global circuit.

Cinépolis will install Dolby's IMS3000 servers, audio processing, loudspeakers, and Dolby Multichannel Amplifiers (DMA), as the core technology architecture for their remodeled theaters and new theater complexes.

"Our agreement with an industry leader such as Cinépolis marks a significant milestone for us as we strive to extend spectacular Dolby experiences to more moviegoers around the world," said Michael Archer, Vice President, Worldwide Cinema Sales & Partner Management, Dolby Laboratories.

Price Action: DLB shares traded higher by 0.78% at $83.74 on the last check Monday.