OREANDA-NEWS. August 18, 2016. Dolby Laboratories, Inc. (NYSE: DLB) and Wanda Cinema Line Corporation announced today that Wanda is committed to purchasing 1,500 Dolby® digital cinema server units for its cinema screens in China through 2018, including the Dolby ShowVault/IMB and the Dolby Integrated Media Server IMS2000.

"Dolby is Wanda's long-term partner in the cinema industry, and together we've delivered so many amazing experiences to consumers in China," said John Zeng, President, Wanda Cinema Line Corporation. "By continuously leveraging the high reliability and great performance of Dolby's cinema products, we look forward to sustaining the high-quality cinema experience for our patrons."

"Dolby is committed to offering innovations and ensuring that cinemas provide a high-quality experience to their audiences," said Doug Darrow, Senior Vice President, Cinema Business Group, Dolby Laboratories. "We are honored to further enhance our collaboration with Wanda, who share the same passion with Dolby for quality experience and innovation."

The Dolby ShowVault/IMB is one of the most widely deployed integrated media block (IMB) product in the cinema industry. Its superb reliability and enriched feature set continues to make it a much sought-after solution.

The Dolby Integrated Media Server IMS2000 is a single-board solution that delivers faster ingest speeds, simplifying operations to save you time and money. The Dolby IMS2000 offers cost-effective reliability proven on more than 90,000 screens worldwide, plus the flexibility that today's cinemas need. The Dolby IMS2000 is the next-generation offering in the Dolby Integrated Media Server line of products. It continues the trend of providing on-board RAID storage, server control, and a DCI-compliant media block in a compact form enabling it to fit in a TI DLP® Series 2 projector. User control is via a web-based UI, allowing access from anywhere on the theatre network, with full compatibility with Dolby Theatre Management System TMS4 and any third-party TMS that supports Dolby products.

About Wanda Cinema Line

Established in 2005, Wanda Cinema Line Corporation Limited is a subsidiary of Wanda Group. As of July 31, 2016, Wanda Cinemas was operating 330 theatres in over 110 cities in China as well as major cities in Australia and New Zealand, with 2,878 total screens. Wanda Cinemas accounted for approximately 14% of China's market share in terms of box office revenue, ranking no. 1 in the China market for seven consecutive years. In 2015, Wanda Cinemas grossed 6.3 billion yuan in box office revenue.

With "prioritizing audience value and their moviegoing experience" as its business philosophy over the years, Wanda Cinema Line strives to provide high-standard design and construction, high-class exhibition technologies, and high-quality standardized services, offering the cinema environment of choice for more than 60 million Wanda fan club members. In 2015, Wanda Cinema Line officially announced its "membership+" strategy, aiming at building a world-leading cinema lifestyle ecosystem, marking its transformation from a cinema chain to a technology, platform, and ecosystem-based company.