DTS hosted an investor call and discussed the company’s purchase of iBiquity Digital. Chairman and CEO Jon Kirchner said that although iBiquity was posted losses at the time of acquisition, it has since “made significant progress realizing operational and financial synergies.” Continue Reading
On the Move tracks hires, promotions, and other notable personnel changes within the online audio industry. Today’s moves include shuffled positions for iBiquity leaders now that the DTS acquisition is finished. Also CueSongs has promoted within its licensing department. Continue Reading
DTS announced that it will acquire iBiquity for a price of about $172 million. iBiquity is the exclusive developer and licensor of HD Radio technology, while DTS is a provider of high-definition audio solutions. Bob Struble, president and CEO of iBiquity, will continue to lead the HD Radio business following the acquisition. The deal is expected to close later this year. Continue Reading