I WAS a sound engineer (BBC TV).
To put it very simply professional/domestic Dolby audio analogue signal processing relied on pre–processing the signal relative to the noise (and other analogue recording artefacts) and then post processing
both in an a equal and opposite direction to effectively push the noise/artefacts lower in strength relative to the signal.
Dolby audio digital is a method (or, rather, methods) of digitally encoding multiple channels of cinema sound for imaging on film* or, latterly, so it can be streamed from a prerecorded source or over the internet.
I'm NOT, however, a digital imaging engineer but I would observe that the artefacts we refer to as picture noise arise out of the randomness of quantising (thus pixels of a smooth blue sky are rendered in slightly differing shades of blue) as well as analogue noise generated by the photosensitive chip, especially when the signal is amplified under low light conditions. I would expect most camera manufacturers to incorporate some kind of noise reduction into the
electronics of their chips which would not be the same as Nikon's Active D Lighting which I believe is software, not electronics, driven.
IMHO I would consider that trying to reduce the noise that we perceive in our images using a method à la Dolby to be extremely difficult, given the random nature of that ‘noise’, as it would be like trying to apply a pre/post correction which would effect the whole image – all colours and potentially levels of brightness.
* Just for interest, and for those that don't know, Dolby 5.1 digital sound is encoded and imaged on 35mm film as small squares, in between the sprocket holes of the film, complete with a small Dolby logo in the middle (apparently used for registration purposes of the reader). See here:
http://en.wikipedia.org/wiki/Dolby_Digital