LOS ANGELES, Jan. 22, 2021 /PRNewswire/ — Iyuno Media Group, a current market chief in localization services to the media and entertainment business, introduced right now that it has entered into an arrangement with Imagica Group Inc. to purchase 100% of SDI Media. This transaction, which is subject to review and approval from appropriate authorities, delivers together two organizations with the shared mission of supporting, innovating and main the art of world-wide storytelling. Terms of the transaction were not disclosed.
Iyuno was supported in this transaction by SoftBank Ventures Asia (SBVA), Altor and Shamrock Funds, its major economical partners. Iyuno counts SBVA – Iyuno’s very first institutional investor – as just one of its critical backers.
Customer paying out on material is predicted to double from 2019 to 2024 this explosive progress provides with it a parallel raise in need for substantial high-quality localized written content.
“As two of the leading media and enjoyment localization support providers in the environment, collectively we will provide an unprecedented option to the current market,” mentioned David Lee, Executive Chairman, Iyuno Media Team. “Both corporations are perceived as leaders of high quality products and services, world-wide coverage and innovation. By combining the two, our intention is to properly assistance the rapidly escalating require from media companies all-around the world – not only by featuring scale, world wide protection and end-to-conclusion capabilities throughout our worldwide operations – but also by using point out-of-the-art technologies these types of as AI to carry true very best-in-breed guidance for the market.”
“We are energized to join Iyuno and develop into part of the industry’s major localization services business,” stated Mark Howorth, Chief Government Officer, SDI Media. “We imagine that the rising worldwide content material distribution wants of the market can only be served by a complementary service company that can scale with them in assistance of their desires.”
JP Lee, CEO and Controlling Husband or wife of SoftBank Ventures Asia reported, “Iyuno has come to be a substantial sector chief by way of this historical merger with SDI. As Iyuno’s initially investor and spouse, we have intently supported the enterprise to grow to be a top world-wide participant in the media localization room. We are delighted to see this enjoyable momentum in the enlargement of Iyuno Media Team.”
ABOUT IYUNO MEDIA Group
Iyuno Media Team (www.iyunomg.com) is a market leader in media localization with major-edge technology offering dubbing, subtitling and media engineering services in about 80 languages. An modern trailblazer with grounded main values in an ever-modifying business, Iyuno Media Group uses its subtle in-residence technological innovation for all of its products and company choices. Nowadays, the firm operates 35 local facilities globally, spanning a community of totally owned websites across 30 countries in Europe, Asia and The Americas – providing finish-to-conclusion methods for broadcasters, all big movie studios, OTT and streaming platforms.
ABOUT SDI MEDIA
SDI Media (www.sdimedia.com) is 1 of the world’s major media localization providers offering dubbing, subtitling and media companies to written content proprietors, broadcasters and multi-system distributors. SDI Media offers a finish end-to-close localization resolution for theatrical releases and episodic sequence, working with just one of the most extensive suites of customizable localization software program purposes in the industry. Its community of 33 owned and operated dubbing amenities in Asia, EMEA and the Americas boast above 150 recording rooms and 85 mixing rooms globally.
ABOUT SOFTBANK VENTURES ASIA
Established in 2000, SoftBank Ventures Asia is the early-phase undertaking funds arm of the SoftBank Team. Our expertise lies in ICT investments like AI, IoT, and intelligent robotics. We appear for early to development-phase startups that have robust organization possible in the world wide current market and support them to be plugged into the SoftBank ecosystem by facilitating facet-by-side advancement. SoftBank Ventures Asia presently operates $1.3B beneath administration, investing in revolutionary technological know-how startups throughout the planet.
Resource SoftBank Ventures Asia