Reliance ADAG arm acquires image business of DTS Inc.

Reliance Big Entertainment has acquired the digital images business of US-based DTS Inc for an undisclosed amount.

DTS Digital Images, also known as Lowry Digital Images, is a market leader in the digital restoration and enhancement of moving pictures. It delivers stunning picture quality using groundbreaking algorithms developed by visionary founder John Lowry.

The acquisition is the first by Reliance Big Entertainment in the digital services space overseas.

Reliance Big Entertainment is the flagship media and entertainment company of Anil Ambani group. The firm plans to have three main lines of business - internet and new media, film entertainment and TV broadcasting.

The Reliance Anil Dhirubhai Ambani (ADA) Group is among India's top three private sector business houses on all major financial parameters, with a market capitalization of US $81 billion. The interests of the Group comprise communications, financial services, generation, transmission and distribution of power, infrastructure and entertainment.

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