DTS produces technology used in producing and playing audio for the entertainment industry. Since DTS' main competitor, Dolby Laboratories, became the audio standard for DVDs, DTS was only able to catch the tail end of the DVD growth wave. The advent of high-definition home entertainment, however, means that there is a new standard video format - Blu-Ray - which requires new audio standards. Unfortunately for DTS, Dolby's HD audio format is also required on Blu-Ray media, but so is DTS-HD Master Audio, and both will be found on every Blu-Ray disc. This means that the switch to high-definition home movies presents an opportunity for DTS to finally compete with Dolby on a level playing field. Furthermore, the company is seeing most of its sales growth in international markets like Japan and South Korea, where economic growth is fueling spending on luxuries like car-stereo systems. Though DTS has many competitors for its other licenses, its main opposition in the film audio market comes from Dolby Laboratories. (Read more at Wikinvest )