Country for PR: United States
Contributor: PR Newswire New York
Friday, January 22 2021 - 21:02
AsiaNet
Iyuno Media Group Enters Agreement to Acquire SDI Media
LOS ANGELES, Jan. 22, 2021 /PRNewswire-AsiaNet/ --

  -- Creating the Media and Entertainment Industry's Most 
     Comprehensive Global Localization Services Company

Iyuno Media Group, a market leader in localization services to the media and 
entertainment industry, today announced it has entered into an agreement with 
Imagica Group Inc. to acquire 100% of SDI Media. This transaction, which is 
subject to review and approval from relevant authorities, brings together two 
companies with the shared mission of supporting, innovating and leading the art 
of global storytelling. Terms of the transaction were not disclosed. 

"SDI Media is a great fit for Iyuno," said Shaun Gregory, CEO, Iyuno Media 
Group. "We are well-aligned in our quality standards, complementary strategies 
and compatible service offerings. As a combined company, we will continue to 
deliver best-in-class services and technology innovations to our industry. We 
are certain that new and existing clients will benefit from the collective 
experience and capabilities of the combined company."

"The media and entertainment industry has been growing rapidly in recent years 
with the rise of video 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 Chairman, Iyuno Media Group. "Now, more than 
ever, viewers are watching internationally produced programs localized in their 
language. This creates an increased demand to produce the breadth of languages 
needed, delivered at the scale and speed that our customers require."

Consumer spending on content is predicted to double from 2019 to 2024; this 
explosive growth brings with it a parallel increase in demand for high quality 
localized content.

"As two of the leading media and entertainment localization service providers 
in the world, together we will provide an unprecedented solution to the 
market," continued Mr. Lee. "Both companies are perceived as leaders of quality 
services, global coverage and innovation. 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."

"We are excited to join Iyuno and become part of the industry's leading 
localization services company," said Mark Howorth, Chief Executive Officer, SDI 
Media. "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."

Iyuno was supported in this transaction by Altor, Shamrock Capital and SoftBank 
Ventures Asia, its primary financial partners. The three investors are pleased 
to see this sustained momentum in the expansion and diversification of the 
Iyuno Media Group portfolio. The completion of this transaction remains subject 
to review and approval from relevant authorities.

ABOUT IYUNO MEDIA GROUP
Iyuno Media Group (www.iyunomg.com) is a market leader in media localization 
with leading-edge technology providing dubbing, subtitling and media 
engineering services in over 80 languages. An innovative trailblazer with 
grounded core values in an ever-changing industry, Iyuno Media Group uses its 
sophisticated in-house technology for all of its product and service offerings. 
Today, the company operates 35 local facilities globally, spanning a network of 
fully owned sites across 30 countries in Europe, Asia and The Americas – 
offering end-to-end solutions for broadcasters, all major film studios, OTT and 
streaming platforms.

ABOUT SDI MEDIA
SDI Media (www.sdimedia.com) is one of the world's leading media localization 
providers offering dubbing, subtitling and media services to content owners, 
broadcasters and multi-platform distributors. SDI Media offers a complete 
end-to-end localization solution for theatrical releases and episodic series, 
using one of the most comprehensive suites of customizable localization 
software applications in the industry. Its network of 33 owned and operated 
dubbing facilities in Asia, EMEA and the Americas boast over 150 recording 
rooms and 85 mixing rooms globally. 

FORWARD-LOOKING STATEMENTS
This press release may be deemed to contain forward-looking statements, which 
are subject to the safe harbor provisions of the Private Securities Litigation 
Reform Act of 1995, including statements regarding Iyuno's strategy to provide 
enhanced localization and translation solutions utilizing SDI Media's assets, 
the expected completion of the acquisition and the timeframe in which this will 
occur, and the expected benefits to Iyuno and its customers of completing the 
acquisition. Readers are cautioned that these forward-looking statements are 
only predictions and may differ materially from actual future events or results 
due to a variety of factors, including, among other things, that conditions to 
the completion of the transaction may not be satisfied or such completion may 
be delayed, the potential impact on the business of SDI Media due to the 
uncertainty about the acquisition, the retention of employees of SDI Media and 
the ability of Iyuno to successfully integrate SDI Media and to achieve 
expected benefits, business and economic conditions and growth trends in 
relevant markets and various geographic regions, global economic conditions and 
uncertainties in the geopolitical environment, and other risk factors. Any 
forward-looking statements in this release are based on limited information 
currently available to Iyuno, which is subject to change, and Iyuno will not 
necessarily update the information.

Source - Iyuno Media Group

CONTACT: Chris Carey, +1 818.681.9224 or Brianna Appel, +1 818.823.3289, 
press@iyunomg.com
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