Iyuno Media Group, a SoftBank Ventures Asia (SBVA)-backed localisation services provider, has acquired SDI Media, the world’s largest subtitling and dubbing company, for an undisclosed amount, according to an announcement Thursday.
The Singapore-based company is acquiring SDI Media from Japanese film production firm Imagica Group, which paid $160 million to buy SDI in a 2015 transaction.
Iyuno offers dubbing, subtitling, access services, media processing, and software licensing to studios, network groups, and over-the-top providers. SDI Media also provides dubbing, subtitling, and media services to content owners, broadcasters, and multi-platform distributors.
Iyuno operates 35 local facilities globally, spanning a network of fully-owned sites across 30 countries in Europe, Asia, and the Americas, while SDI Media has a network of 33 owned and operated dubbing facilities in Asia, EMEA, and the Americas.
“By combining the two, our goal is to effectively support the rapidly growing need from media businesses around the world, not only by offering scale, global coverage and end-to-end capabilities across our worldwide operations, but also by utilizing state-of-the-art technologies such as AI to bring true best-in-breed support for the industry,” said David Lee, Executive Chairman, Iyuno Media Group.
The acquisition comes as consumer spending on content is predicted to double from 2019 to 2024. This growth brings a parallel increase in demand for high-quality localised content, according to Iyuno.
“We believe that the increasing global content distribution needs of the industry can only be served by a complementary service provider that can scale with them in support of their needs,” said SDI Media CEO Mark Howorth.
Iyuno was supported in this transaction by SoftBank Ventures Asia (SBVA), Altor, and Shamrock Capital, its primary financial partners. SBVA first invested $23.5 million in Iyuno back in 2018.