Comerica Entertainment Group, the entertainment lending subsidiary of Comerica Bank-California, has struck a new two year revolving line of credit facility with digital audio technology outfit DTS (Digital Theater Systems Inc), a client since 1997. Comerica has also increased the company's borrowing power from $7.5m to $10m.
A pioneer in multi-channel audio, DTS is featured on more than 20,000 cinema screens worldwide; in home theater, car audio, PC and game console products, as well as 5.1 Music, DVD-Video, DVD-Audio and DVD-ROM software. DTS decoders are in every major brand of 5.1-channel surround processors, and in more than 16 million consumer electronics products. Founded in 1993, the company is headquartered in Agoura Hills, California, and has offices in the UK and Japan.
Comerica's other entertainment clients include Myriad Pictures, Franchise Pictures and Fireworks Pictures.