Iyuno Media Group, a market leader in location services for the media and entertainment industry, announced that it has entered into an agreement with Imagica Group Inc. to acquire 100% of SDI Media. Terms of the transaction were not disclosed.
This transaction, which is subject to the review and approval of relevant authorities, brings together two companies with a common mission to support, innovate and lead the art of global storytelling, the statement said.
“SDI Media is a great choice for Iyuno,” said Shaun Gregory , CEO of Iyuno Media Group. “We are well aligned in our quality standards, our complementary strategies and our compatible service offerings. As a combined company, we will continue to provide the best services and technological innovations to our industry. We are confident that new and existing customers will benefit from the experience and collective capabilities of the amalgamated companies. “
“The media and entertainment industry has grown rapidly in recent years with the rise of streaming services and we have seen media companies merge to create and deliver more content to more diverse audiences around the world. Said David Lee , executive director of the Iyuno Media group. “Today more than ever, viewers watch programs produced abroad and localized in their language. This creates an increased demand to produce the necessary range of languages, delivered at the scale and at the speed demanded by our customers. “
“As two of the world’s leading media and entertainment localization service providers, together we will bring an unprecedented solution to the market,” continued Lee. “Both companies are seen as leaders in quality services, global coverage and innovation. By combining the two, our goal is to effectively meet the growing needs of media companies around the world (not only by providing large-scale global coverage and end-to-end capabilities in all of our international operations) but also by utilizing technologies such as AI to bring true top-notch support to the industry. “
“We are thrilled to join Iyuno and be part of the industry’s premier localization services company,” said Mark Howorth , Managing Director of SDI Media. “We believe that the industry’s growing needs for international content distribution can only be met by a complementary service provider who can grow with them to meet their needs. “
Iyuno was supported in this transaction by Altor, Shamrock Capital and SoftBank Ventures Asia, its main financial partners.
Iyuno Media Group operates 35 local facilities around the world, spread over a network of wholly owned sites in 30 countries in Europe., Asia and America, offering end-to-end solutions for broadcasters, all major movie studios, OTT and streaming platforms.
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