DTS is a series of multichannel audio technologies owned by DTS, Inc. (formerly known as D igital T heater S ystems, Inc.), an American company specializing in digital surround sound formats used for both commercial/theatrical and consumer grade applications.his system is the consumer version of the DTS standard, using a similar codec without needing separate DTS CD-ROM media. Both music and movie DVDs allow delivery of DTS audio signal, but DTS was not part of the original DVD specification, so early DVD players do not recognize DTS audio tracks at all.