Dolby Laboratories is riding a rollercoaster of results, blending highs in Dolby Vision and Atmos adoption with underwhelming consumer electronics and box office segments. Yet the highlight of the company’s Q3 2024 earnings call was the acquisition of Theo Technologies earlier this summer, which CEO Kevin Yeaman framed as the secret ingredient to spice up the emerging Dolby.io streaming platform. Known for its High Efficiency Stream Protocol (HESP), Theo’s technology promises to enhance Dolby’s ambitions in real-time streaming, with Dolby.io emerging as the centerpiece. Yeaman gushed over Theo’s sports and entertainment clientele base—namely the NFL, Nascar, and Sky—as being ripe for cross-selling, positioning Dolby to drive and profit from real-time fan engagement with a more complete offering. The deal also…