US-based DTS Digital Images has announced that it has completed the sale of its digital images business to Reliance Big Entertainment, a member of Reliance ADAG group, for around $7.5 million in cash.

The sale marks DTS’ exit from the image enhancement and restoration services business.

Jon Kirchner, president and CEO of DTS, Inc commented, “We are pleased to have completed this transaction, which takes us one step closer to our goal of focusing entirely on our consumer business.”

“We are delighted to have concluded a deal with a global industry leader in the media and entertainment space that will continue to build on the considerable talent and technology of the Digital Images business and continue to serve our long-term customers,” Mr. Jon added.

Anil Arjun, Senior Vice President of Reliance said, “DTS Digital Images, also popularly known as Lowry Digital Images, enjoys a superb reputation as the premier film imaging and restoration facility. The company fits well with the Digital Services strategy of the Reliance ADA Group in the global media and entertainment space.”

DTS is a digital technology company dedicated to delivering the best the ultimate entertainment experience. It delivers picture quality improvement services to movies, TV and video content in Hollywood.

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.