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Sigma Capital Management LLC, et al. · SC 13G · Dts/Inc · On 7/30/07

Filed On 7/30/07 5:00pm ET · SEC File 5-79566 · Accession Number 899140-7-1338

  As Of               Filer                 Filing     As/For/On Docs:Pgs              Issuer               Agent

 7/30/07  Sigma Capital Management LLC      SC 13G                 2:9    Dts/Inc                           Willkie Fa..Gallagher/FA
          Sigma Capital Associates/LLC
          Steven A. Cohen

Statement of Beneficial Ownership · Schedule 13G
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: SC 13G      Statement of Beneficial Ownership                      8     23K 
 2: EX-99.1     Joint Filing Agreement                                 1      5K

SC 13G · Statement of Beneficial Ownership
Document Table of Contents

Page	(sequential)	\|	(alphabetic)	Top
			Alternative Formats (RTF, XML, et al.) Address of Issuer's Principal Executive Offices: Address of Principal Business Office: Certification: Citizenship: CUSIP Number: Identification and Classification of Members Identification and Classification of the Name of Issuer: Name of Person Filing: Not Applicable Notice of Dissolution of Group: Ownership: Ownership of Five Percent or Less of a Class: Ownership of More than Five Percent on Behalf of Another Title of Class of Securities:
1	1st Page
5	Item 1(a). Name of Issuer:
"	Item 1(b). Address of Issuer's Principal Executive Offices:
"	Items 2(a). Name of Person Filing:
"	Item 2(b). Address of Principal Business Office:
"	Item 2(c). Citizenship:
"	Item 2(d). Title of Class of Securities:
6	Item 2(e). CUSIP Number:
"	Item 3. Not Applicable
"	Item 4. Ownership:
7	Item 5. Ownership of Five Percent or Less of a Class:
"	Item 6. Ownership of More than Five Percent on Behalf of Another
"	Item 7. Identification and Classification of the
"	Item 8. Identification and Classification of Members
"	Item 9. Notice of Dissolution of Group:
"	Item 10. Certification:

SC 13G 1st Page of 8 TOC Top Previous Next Bottom Just 1st
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 UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

 Under the Securities Exchange Act of 1934
 (Amendment No. )*

 DTS, INC.
--------------------------------------------------------------------------------
(Name of Issuer)

 Common Stock, $0.0001 Par Value
--------------------------------------------------------------------------------
(Title of Class of Securities)

 23335C101
 ---------
(CUSIP Number)

 July 20, 2007
 -------------
(Date of Event which Requires Filing
of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule 
is filed:                                                                       

[ ]      Rule 13d-1(b)                                
[X]      Rule 13d-1(c)                                
[ ]      Rule 13d-1(d)                                

*The remainder of this cover page shall be filled out for a reporting person's  
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the       
disclosures provided in a prior cover page.                                     

The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of   
1934 ("Act") or otherwise subject to the liabilities of that section of the Act 
but shall be subject to all other provisions of the Act (however, see the       
Notes).                                                                         

Page 1 of 8 

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-------------------                                           ------------------
CUSIP No. 23335C101                   13G                     Page 2 of 8 Pages 
-------------------                                           ------------------

---------- ---------------------------------------------------------------------
1  NAME OF REPORTING PERSON                                     
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON                 

Sigma Capital Management, LLC                             
---------- ---------------------------------------------------------------------
2  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*            
                                                                   (a) [ ]
                                                                   (b) [X]
---------- ---------------------------------------------------------------------
3  SEC USE ONLY                                                 

---------- ---------------------------------------------------------------------
4  CITIZENSHIP OR PLACE OF ORGANIZATION                         

Delaware                                                  
-------------------- ------ ----------------------------------------------------
5  SOLE VOTING POWER          

0                       
NUMBER OF            ------ ----------------------------------------------------
SHARES                   6  SHARED VOTING POWER                                 
BENEFICIALLY                                                                    
OWNED                       1,000,000 (see Item 4)                              
BY                   ------ ----------------------------------------------------
EACH                     7  SOLE DISPOSITIVE POWER                              
REPORTING                                                                       
PERSON                      0                                                   
WITH                 ------ ----------------------------------------------------
8  SHARED DISPOSITIVE POWER   

1,000,000 (see Item 4)  
---------- ---------------------------------------------------------------------
9  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 

1,000,000 (see Item 4)                                    
---------- ---------------------------------------------------------------------
      10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

[ ]                                                       
---------- ---------------------------------------------------------------------
11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)             

5.5% (see Item 4)                                         
---------- ---------------------------------------------------------------------
12  TYPE OF REPORTING PERSON*                                     

00                                                        
---------- ---------------------------------------------------------------------
 *SEE INSTRUCTION BEFORE FILLING OUT

Page 2 of 8 

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-------------------                                           ------------------
CUSIP No. 23335C101                   13G                     Page 3 of 8 Pages 
-------------------                                           ------------------

---------- ---------------------------------------------------------------------
1  NAME OF REPORTING PERSON                                     
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON                 

Sigma Capital Associates, LLC                             
---------- ---------------------------------------------------------------------
2  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*            
                                                                   (a) [ ]
                                                                   (b) [X]
---------- ---------------------------------------------------------------------
3  SEC USE ONLY                                                 

---------- ---------------------------------------------------------------------
4  CITIZENSHIP OR PLACE OF ORGANIZATION                         

Anguilla, British West Indies                             
-------------------- ------ ----------------------------------------------------
5  SOLE VOTING POWER          

0                       
NUMBER OF            ------ ----------------------------------------------------
SHARES                   6  SHARED VOTING POWER                                 
BENEFICIALLY                                                                    
OWNED                       1,000,000 (see Item 4)                              
BY                   ------ ----------------------------------------------------
EACH                     7  SOLE DISPOSITIVE POWER                              
REPORTING                                                                       
PERSON                      0                                                   
WITH                 ------ ----------------------------------------------------
8  SHARED DISPOSITIVE POWER   

1,000,000 (see Item 4)  
---------- ---------------------------------------------------------------------
9  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 

1,000,000 (see Item 4)                                    
---------- ---------------------------------------------------------------------
      10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

[ ]                                                       
---------- ---------------------------------------------------------------------
11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)             

5.5% (see Item 4)                                         
---------- ---------------------------------------------------------------------
12  TYPE OF REPORTING PERSON*                                     

00                                                        
---------- ---------------------------------------------------------------------
 *SEE INSTRUCTION BEFORE FILLING OUT

Page 3 of 8 

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-------------------                                           ------------------
CUSIP No. 23335C101                   13G                     Page 4 of 8 Pages 
-------------------                                           ------------------

---------- ---------------------------------------------------------------------
1  NAME OF REPORTING PERSON                                     
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON                 

Steven A. Cohen                                           
---------- ---------------------------------------------------------------------
2  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*            
                                                                   (a) [ ]
                                                                   (b) [X]
---------- ---------------------------------------------------------------------
3  SEC USE ONLY                                                 

---------- ---------------------------------------------------------------------
4  CITIZENSHIP OR PLACE OF ORGANIZATION                         

United States                                             
-------------------- ------ ----------------------------------------------------
5  SOLE VOTING POWER          

0                       
NUMBER OF            ------ ----------------------------------------------------
SHARES                   6  SHARED VOTING POWER                                 
BENEFICIALLY                                                                    
OWNED                       1,000,000 (see Item 4)                              
BY                   ------ ----------------------------------------------------
EACH                     7  SOLE DISPOSITIVE POWER                              
REPORTING                                                                       
PERSON                      0                                                   
WITH                 ------ ----------------------------------------------------
8  SHARED DISPOSITIVE POWER   

1,000,000 (see Item 4)  
---------- ---------------------------------------------------------------------
9  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 

1,000,000 (see Item 4)                                    
---------- ---------------------------------------------------------------------
      10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

[ ]                                                       
---------- ---------------------------------------------------------------------
11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)             

5.5% (see Item 4)                                         
---------- ---------------------------------------------------------------------
12  TYPE OF REPORTING PERSON*                                     

IN                                                        
---------- ---------------------------------------------------------------------
 *SEE INSTRUCTION BEFORE FILLING OUT

Page 4 of 8 

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Item 1(a)           Name of Issuer:                                             
--------------                          

DTS, Inc.                               

Item 1(b)           Address of Issuer's Principal Executive Offices:            
       -----------------------------------------------

   5171 Clareton Drive, Agoura Hills, CA 91301

Items 2(a)          Name of Person Filing:                                      
---------------------                   

                 This statement is filed by: (i) Sigma Capital Management,
                 LLC ("Sigma Management") with respect to shares of common
          stock, $0.0001 par value ("Shares"), of the Issuer
                   beneficially owned by Sigma Capital Associates, LLC ("Sigma
                Capital Associates"); (ii) Sigma Capital Associates with
                    respect to Shares beneficially owned by it; and (iii) Steven
                   A. Cohen with respect to Shares beneficially owned by Sigma
Management and Sigma Capital Associates.

                Sigma Management, Sigma Capital Associates and Steven A.
                   Cohen have entered into a Joint Filing Agreement, a copy of
              which is filed with this Schedule 13G as Exhibit 99.1,
                    pursuant to which they have agreed to file this Schedule 13G
                  jointly in accordance with the provisions of Rule 13d-1(k)
           of the Securities Exchange Act of 1934, as amended.

Item 2(b)           Address of Principal Business Office:                       
------------------------------------    

               The address of the principal business office of (i) Mr.
              Cohen is 72 Cummings Point Road, Stamford, Connecticut
               06902, (ii) Sigma Management is 540 Madison Avenue, New
                  York, New York 10022 and (iii) Sigma Capital Associates is
                  P.O. Box 58, Victoria House, The Valley, Anguilla, British
West Indies.                            

Item 2(c)           Citizenship:                                                
-----------                             

                 Sigma Management is a Delaware limited liability company.
                  Sigma Capital Associates is an Anguillan limited liability
      company. Mr. Cohen is a United States citizen.

Item 2(d)           Title of Class of Securities:                               
----------------------------            

Common Stock, $0.0001 par value         

Page 5 of 8 

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Item 2(e)           CUSIP Number:                                               
------------                            

23335C101                               

Item 3              Not Applicable                                              

Item 4              Ownership:                                                  
---------                               

                 The percentages used herein are calculated based upon the
             Shares issued and outstanding as of April 30, 2007 as
                    reported on the Issuer's quarterly report on Form 10-Q filed
                 with the Securities and Exchange Commission by the Issuer
      for the quarterly period ended March 31, 2007.

     As of the close of business on July 20, 2007:

1. Sigma Capital Management, LLC        
(a) Amount beneficially owned: 1,000,000
(b) Percent of class: 5.5%              
          (c) (i) Sole power to vote or direct the vote: -0-
               (ii) Shared power to vote or direct the vote: 1,000,000
                  (iii) Sole power to dispose or direct the disposition: -0-
               (iv) Shared power to dispose or direct the disposition:
1,000,000                               

2. Sigma Capital Associates, LLC        
(a) Amount beneficially owned: 1,000,000
(b) Percent of class: 5.5%              
          (c) (i) Sole power to vote or direct the vote: -0-
               (ii) Shared power to vote or direct the vote: 1,000,000
                  (iii) Sole power to dispose or direct the disposition: -0-
               (iv) Shared power to dispose or direct the disposition:
1,000,000                               

3. Steven A. Cohen                      
(a) Amount beneficially owned: 1,000,000
(b) Percent of class: 5.5%              
          (c) (i) Sole power to vote or direct the vote: -0-
               (ii) Shared power to vote or direct the vote: 1,000,000
                  (iii) Sole power to dispose or direct the disposition: -0-
               (iv) Shared power to dispose or direct the disposition:
1,000,000                               

             Pursuant to an investment management agreement, Sigma
             Management maintains investment and voting power with
respect to the securities               

Page 6 of 8 

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                  held by Sigma Capital Associates. Mr. Cohen controls Sigma
                    Management. By reason of the provisions of Rule 13d-3 of the
          Securities Exchange Act of 1934, as amended, Sigma
                  Management and Mr. Cohen may be deemed to own beneficially
                1,000,000 shares (constituting approximately 5.5% of the
                   Shares outstanding). Each of Sigma Management and Mr. Cohen
              disclaim beneficial ownership of any of the securities
covered by this statement.              

Item 5              Ownership of Five Percent or Less of a Class:               
    --------------------------------------------

                   If this statement is being filed to report the fact that as
                    of the date hereof the reporting person has ceased to be the
                  beneficial owner of more than five percent of the class of
securities, check the following. [ ]    

Item 6              Ownership of More than Five Percent on Behalf of Another    
                --------------------------------------------------------
Person:                                 
------                                  

Not Applicable                          

Item 7              Identification and Classification of the                    
----------------------------------------
    Subsidiary Which Acquired the Security Being
    --------------------------------------------
  Reported on By the Parent Holding Company:
 -----------------------------------------

Not Applicable                          

Item 8              Identification and Classification of Members                
    --------------------------------------------
of the Group:                           
------------                            

Not Applicable                          

Item 9              Notice of Dissolution of Group:                             
------------------------------          

Not Applicable                          

Item 10             Certification:                                              
-------------                           

     By signing below the signatory certifies that, to the best of his knowledge
and belief, the securities referred to above were not acquired and are not held 
for the purpose of or with the effect of changing or influencing the control of 
the issuer of the securities and were not acquired and are not held in          
connection with or as a participant in any transaction having that purpose or   
effect.                                                                         

Page 7 of 8 

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 SIGNATURE
 ---------

After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and  
correct.                                                                        

Dated:   July 30, 2007                                                          

SIGMA CAPITAL MANAGEMENT, LLC                                                   

By: /s/ Peter Nussbaum                                                          
--------------------------                                                
Name:   Peter Nussbaum                                                          
Title:  Authorized Person                                                       

SIGMA CAPITAL ASSOCIATES, LLC                                                   

By: /s/ Peter Nussbaum                                                          
--------------------------                                                
Name:   Peter Nussbaum                                                          
Title:  Authorized Person                                                       

STEVEN A. COHEN                                                                 

By: /s/ Peter Nussbaum                                                          
--------------------------                                                
Name:   Peter Nussbaum                                                          
Title:  Authorized Person                                                       

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Dates Referenced Herein and Documents Incorporated By Reference

		Referenced-On Page
This SC 13G Filing	Date	First	Last	Other Filings

	3/31/07	6		10-Q, 13F-HR, NT 10-Q
	4/30/07	6
	7/20/07	1	6
Filed On / Filed As Of	7/30/07	8

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Sigma Capital Management LLC, et al. · SC 13G · Dts/Inc · On 7/30/07

Filed On 7/30/07 5:00pm ET · SEC File 5-79566 · Accession Number 899140-7-1338

Statement of Beneficial Ownership · Schedule 13GFiling Table of Contents

SC 13G · Statement of Beneficial OwnershipDocument Table of Contents

Dates Referenced Herein and Documents Incorporated By Reference

Statement of Beneficial Ownership · Schedule 13G
Filing Table of Contents

SC 13G · Statement of Beneficial Ownership
Document Table of Contents