Dolby develops and commercializes audio and video technologies for entertainment, enabling high-quality experiences across movies, television, music, sports, and streaming content by serving content creators, distributors, and consumer electronics manufacturers worldwide. The company generates revenue primarily through licensing proprietary audio codecs (such as Dolby Digital Plus and Dolby AC-4), spatial audio technology (Dolby Atmos), and video enhancement (Dolby Vision) to semiconductor manufacturers and original equipment makers on a per-unit royalty basis, supplemented by patent licensing fees and products and services including cinema equipment, theatrical distribution solutions, and digital engagement platforms. With a portfolio of thousands of patents and deep expertise in signal processing, Dolby has established itself as an industry standard across broadcast, mobile, personal computing, consumer electronics, and automotive markets globally.