Dolby Laboratories, Inc. (NYSE:DLB) Q3 2023 Earnings Call Transcript

Jim Goss: You’re very focused on Atmos and Vision, which you should be obviously, and that’s increased penetration is driving the company right now. We always look for the next big thing. Are there any things more that can be done in terms of sound, quality and placement that their models are probably not considering, right now? It always seems that something might come along. I’m just wondering if your engineers, are developing things that might not be obvious on the surface that could create that extra category or even a nuance that can command some higher royalty rates in the future say, with the top level of products?

Kevin Yeaman: They’re always focused on the next thing. We just had our Tech Summit, a couple of weeks ago and it’s a combination of tech talks, kind of a hackathon, if you will, of top ideas. And what they’re doing in that week and hopefully, what they’re doing here — and I believe, what they’re doing year-round, is yes, they’re looking at the current state of technology, the future state of technology, what types of experience is that going to make possible? Obviously, we engage across the ecosystem whether it’s creators, content owners and distributors and where hardware manufacturers are pushing the boundaries and looking to solve the problems that are going to pave the way for that next set of experiences. And in that respect, there’s a lot of things that go into that equation of the types of things you’re thinking about, whether it’s where AR and VR take us what the implications of AI are, but that’s what they are always thinking about.

And yes, we have a lot of things we’re excited about.

Jim Goss: Okay. Well, thank you, very much.

Operator: I will now turn the call over to Kevin for closing remarks.

Kevin Yeaman: Okay. Great. Well, thank you everybody, for joining us today and we look forward to updating you again soon.

Operator: Ladies and gentlemen, that concludes today’s call. Thank you for all joining. You may now disconnect.