diff --git a/spec/operators/dematerialize-spec.js b/spec/operators/dematerialize-spec.js
new file mode 100644
index 00000000000..029c1a2c8a5
--- /dev/null
+++ b/spec/operators/dematerialize-spec.js
@@ -0,0 +1,84 @@
+/* globals describe, it, expect, expectObservable, hot */
+var Rx = require('../../dist/cjs/Rx');
+var Observable = Rx.Observable;
+var Notification = Rx.Notification;
+
+describe('Observable.prototype.dematerialize()', function () {
+  it('should dematerialize a happy stream', function () {
+    var values = {
+      a: Notification.createNext('w'),
+      b: Notification.createNext('x'),
+      c: Notification.createNext('y'),
+      d: Notification.createComplete()
+    };
+
+    var e1 =   hot('--a--b--c--d--|', values);
+    var expected = '--w--x--y--|';
+
+    expectObservable(e1.dematerialize()).toBe(expected);
+  });
+
+  it('should dematerialize a sad stream', function () {
+    var values = {
+      a: Notification.createNext('w'),
+      b: Notification.createNext('x'),
+      c: Notification.createNext('y'),
+      d: Notification.createError('error')
+    };
+
+    var e1 =   hot('--a--b--c--d--|', values);
+    var expected = '--w--x--y--#';
+
+    expectObservable(e1.dematerialize()).toBe(expected);
+  });
+
+  it('should dematerialize stream does not completes', function () {
+    var e1 =   hot('------');
+    var expected = '-';
+
+    expectObservable(e1.dematerialize()).toBe(expected);
+  });
+
+  it('should dematerialize stream never completes', function () {
+    var e1 = Observable.never();
+    var expected = '-';
+
+    expectObservable(e1.dematerialize()).toBe(expected);
+  });
+
+  it('should dematerialize stream does not emit', function () {
+    var e1 =   hot('----|');
+    var expected = '----|)';
+
+    expectObservable(e1.dematerialize()).toBe(expected);
+  });
+
+  it('should dematerialize empty stream', function () {
+    var e1 = Observable.empty();
+    var expected = '|';
+
+    expectObservable(e1.dematerialize()).toBe(expected);
+  });
+
+  it('should dematerialize stream throws', function () {
+    var error = 'error';
+    var e1 =   hot('(x|)', {x: Notification.createError(error)});
+    var expected = '#';
+
+    expectObservable(e1.dematerialize()).toBe(expected, null, error);
+  });
+
+  it('should dematerialize and completes when stream compltes with complete notification', function () {
+    var e1 =   hot('----(a|)', { a: Notification.createComplete() });
+    var expected = '----|';
+
+    expectObservable(e1.dematerialize()).toBe(expected);
+  });
+
+  it('should dematerialize and completes when stream emits complete notification', function () {
+    var e1 =   hot('----a--|', { a: Notification.createComplete() });
+    var expected = '----|';
+
+    expectObservable(e1.dematerialize()).toBe(expected);
+  });
+});
\ No newline at end of file
diff --git a/spec/operators/materialize-spec.js b/spec/operators/materialize-spec.js
index 7af9159d53f..5db46ccdad1 100644
--- a/spec/operators/materialize-spec.js
+++ b/spec/operators/materialize-spec.js
@@ -1,43 +1,70 @@
-/* globals describe, it, expect */
+/* globals describe, it, expect, expectObservable, hot */
 var Rx = require('../../dist/cjs/Rx');
 var Observable = Rx.Observable;
 var Notification = Rx.Notification;
 
 describe('Observable.prototype.materialize()', function () {
   it('should materialize a happy stream', function () {
-    var expected = [
-      Notification.createNext(1),
-      Notification.createNext(2),
-      Notification.createNext(3),
-      Notification.createComplete()
-    ];
-
-    Observable.of(1, 2, 3)
-      .materialize()
-      .subscribe(function (n) {
-        expect(n instanceof Notification).toBe(true);
-        expect(n).toEqual(expected.shift());
-      });
+    var e1 =   hot('--a--b--c--|');
+    var expected = '--w--x--y--(z|)';
+
+    var expectedValue = {
+      w: Notification.createNext('a'),
+      x: Notification.createNext('b'),
+      y: Notification.createNext('c'),
+      z: Notification.createComplete()
+    };
+
+    expectObservable(e1.materialize()).toBe(expected, expectedValue);
   });
 
   it('should materialize a sad stream', function () {
-    var expected = [
-      Notification.createNext(1),
-      Notification.createNext(2),
-      Notification.createNext(3),
-      Notification.createError('booooo')
-    ];
-
-    Observable.of(1, 2, 3, 4)
-      .map(function (x) {
-        if (x === 4) {
-          throw 'booooo';
-        }
-        return x;
-      })
-      .materialize()
-      .subscribe(function (n) {
-        expect(n).toEqual(expected.shift());
-      });
+    var e1 =   hot('--a--b--c--#');
+    var expected = '--w--x--y--(z|)';
+
+    var expectedValue = {
+      w: Notification.createNext('a'),
+      x: Notification.createNext('b'),
+      y: Notification.createNext('c'),
+      z: Notification.createError('error')
+    };
+
+    expectObservable(e1.materialize()).toBe(expected, expectedValue);
+  });
+
+  it('should materialize stream does not completes', function () {
+    var e1 =   hot('------');
+    var expected = '-';
+
+    expectObservable(e1.materialize()).toBe(expected);
+  });
+
+  it('should materialize stream never completes', function () {
+    var e1 = Observable.never();
+    var expected = '-';
+
+    expectObservable(e1.materialize()).toBe(expected);
+  });
+
+  it('should materialize stream does not emit', function () {
+    var e1 =   hot('----|');
+    var expected = '----(x|)';
+
+    expectObservable(e1.materialize()).toBe(expected, { x: Notification.createComplete() });
+  });
+
+  it('should materialize empty stream', function () {
+    var e1 = Observable.empty();
+    var expected = '(x|)';
+
+    expectObservable(e1.materialize()).toBe(expected, { x: Notification.createComplete() });
+  });
+
+  it('should materialize stream throws', function () {
+    var error = 'error';
+    var e1 = Observable.throw(error);
+    var expected = '(x|)';
+
+    expectObservable(e1.materialize()).toBe(expected, { x: Notification.createError(error) });
   });
 });
\ No newline at end of file
diff --git a/src/CoreOperators.ts b/src/CoreOperators.ts
index db2feaeb28d..7e8918b6ecc 100644
--- a/src/CoreOperators.ts
+++ b/src/CoreOperators.ts
@@ -18,6 +18,7 @@ export interface CoreOperators<T> {
   concatMap?: <R>(project: ((x: T, ix: number) => Observable<any>), projectResult?: (x: T, y: any, ix: number, iy: number) => R) => Observable<R>;
   concatMapTo?: <R>(observable: Observable<any>, projectResult?: (x: T, y: any, ix: number, iy: number) => R) => Observable<R>;
   count?: () => Observable<number>;
+  dematerialize?: () => Observable<any>;
   debounce?: <R>(dueTime: number, scheduler?: Scheduler) => Observable<R>;
   defaultIfEmpty?: <T, R>(defaultValue: R) => Observable<T>|Observable<R>;
   delay?: <T>(delay: number, scheduler?: Scheduler) => Observable<T>;
diff --git a/src/Rx.KitchenSink.ts b/src/Rx.KitchenSink.ts
index 1489f0713b9..5dc59a67858 100644
--- a/src/Rx.KitchenSink.ts
+++ b/src/Rx.KitchenSink.ts
@@ -108,6 +108,9 @@ observableProto.concatMapTo = concatMapTo;
 import count from './operators/count';
 observableProto.count = count;
 
+import dematerialize from './operators/dematerialize';
+observableProto.dematerialize = dematerialize;
+
 import debounce from './operators/debounce';
 observableProto.debounce = debounce;
 
diff --git a/src/Rx.ts b/src/Rx.ts
index 32db411b1d0..75e4f0d74a5 100644
--- a/src/Rx.ts
+++ b/src/Rx.ts
@@ -97,6 +97,9 @@ observableProto.concatMapTo = concatMapTo;
 import count from './operators/count';
 observableProto.count = count;
 
+import dematerialize from './operators/dematerialize';
+observableProto.dematerialize = dematerialize;
+
 import debounce from './operators/debounce';
 observableProto.debounce = debounce;
 
diff --git a/src/operators/dematerialize.ts b/src/operators/dematerialize.ts
new file mode 100644
index 00000000000..85122e3b091
--- /dev/null
+++ b/src/operators/dematerialize.ts
@@ -0,0 +1,24 @@
+import Operator from '../Operator';
+import Observer from '../Observer';
+import Subscriber from '../Subscriber';
+import Notification from '../Notification';
+
+export default function dematerialize<T>() {
+  return this.lift(new DeMaterializeOperator());
+}
+
+class DeMaterializeOperator<T extends Notification<any>, R> implements Operator<T, R> {
+  call(subscriber: Subscriber<R>) {
+    return new DeMaterializeSubscriber(subscriber);
+  }
+}
+
+class DeMaterializeSubscriber<T extends Notification<any>> extends Subscriber<T> {
+  constructor(destination: Subscriber<any>) {
+    super(destination);
+  }
+
+  _next(value: T) {
+    value.observe(this.destination);
+  }
+}