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What have you heard about this and is a company that is banking on the sound that you're listening to from your television set.
To movies and all the way to your Smartphone.
Joining us now from Los Angeles and a Fox Business exclusive as part of our special series inside your gadgets -- curious the chairman CEO president of audio technology maker.
DTS and and -- it's great to have you on the show first let's talk about.
The technology you are an 80%.
-- Blu-ray players.
Around the world it's mandatory.
Wanna -- the other 20%.
Well you gotta start somewhere.
Can we've we've we've been fortunate because the industry is widely recognized DTS for having the best audio experience possible on direct me.
But that's a majority of your revenue are you concerned at all about this trend that we're saying with regards to to streaming of movies do you think that if we get rid of our -- -- players but that courier business longer term.
-- not really because the trend is very favorable people are consuming entertainment in more ways on more devices than ever before.
And DTS is a company is all about making your sound experience effort -- exciting and engaging no matter what the platform whether it be your PC your Smartphone.
Your home theater system or in your car.
Now let me ask you this you know it and -- it kind of goes along the lines of -- getting -- of -- -- players we are looking to stream.
Contents through mobile devices you mentioned that the vehicles as well what about network connected devices Smartphones for example duke -- that's the next kind of -- A technology where people like ourselves the Hollywood sect in fact would push their new technology were -- it's as -- entertainment value.
Absolutely network and activity is going to be -- trend for the next three to five years in consumer electronics.
Every one of your devices is going to be able to tap into a cloud based entertainment experience.
And you're going to be able to move it from your car to your house to your Smartphone and as the pictures get better the next frontier is audio and and that's exactly what we're all about.
So right now you think of that network connected segment we were showing a breakdown of revenues for the company again 80% -- now is coming from.
From Blu-ray you think -- that's actually get a jump for your for your company how soon do you think that's gonna happen.
How -- to get the consumer can catch up with technology that they're buying right now say at -- for instance.
I think you're gonna see consumers move aggressively into -- anytime anywhere entertainment.
And I think over the next two to three years you're gonna see tremendous growth in the segment and I think we're gonna benefit from that.
Let me ask you about the stock of the company is well -- looking at an AJ chart right now see your dollar let's say 2710 bit more than 15%.
At this point total shares outstanding in your company or short.
Take this opportunity to talk to investors.
Are they getting something wrong on DT yes.
Absolutely I think I think investors do not appreciate the fact that we've got a range of technologies that can play in all of these fast growing markets.
Entertainment will define the mobile experience over the next three to five years.
And I believe we're gonna continue to see tremendous growth over that period making entertainment better for for everyone no matter what the application.
What about we're sharks and other charts above its dolby and Sony what about these groups that mean these are dolby sound -- -- we know that from the theaters.
Are you concerned about competition because they also want to get into the next phase.
Of mobile entertainment.
DCS has been a leading audio brand for nearly twenty years.
We continue to compete with many of the same people that we have over the past two decades and and I think what separates us is as innovation and differentiation.
We fundamentally deliver -- better experience which is why 80% of your blue -- content out there is in the DTS format.
And it's -- leading brands like Samsung and LG and Intel and others are working with us to define the future audio experience that that is possible.
OK you know John I have to ask you about the -- the company started back in 93 is it true that you.
And -- -- thank Steven Spielberg and further but for the history of DT yes.
-- -- was an absolute catalysts -- he understood the power of audio creating a motion for his movies.
And he could join with us to to present the first.
Widely available five point one system for theaters and in and in essence.
Not set audio on -- course in the motion picture entertainment industry that we've continued to ride along ever cents.
While he's still making movies and hopefully -- CF shareholders -- continue to make some money.
Done correctly the chairman CEO president DTS thank you thank.
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