AsiaNet  87732

LOS ANGELES, Jan. 22, 2021 /PRNewswire=KYODO JBN/ --

  -- 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