Benzinga | Oct 14, 2021 11:58AM EDT

Dolby, MGM Resorts Launch 'Dolby Live' At Park MGM

* Dolby Laboratories Inc (NYSE:DLB) and MGM Resorts International (NYSE:MGM) announced the launch of Dolby Live at Park MGM.

* Dolby Live, formerly known as Park Theater, is a fully integrated performance venue that will offer live concerts in Dolby Atmos.

* The space will feature a fully integrated Dolby Atmos playback system, designed, calibrated, and tuned by Dolby engineers to match the size and characteristics of the 5,200-seat theater.

* The system, primarily used for live concerts, can support many live events in Dolby Atmos, such as musicals, eSport events, and much more.

* Price Action: DLB shares are trading higher by 0.61% at $88.58, while MGM is higher by 0.12% at $48.21 on the last check Thursday.