Acquisitions · Media services (localization)
Imagica-led Japanese consortium buys subtitling and dubbing firm SDI Media
- Buyer
- Imagica Robot Holdings, with the Cool Japan Fund and Sumitomo Corp. (Tokyo)
- Target
- SDI Media, Los Angeles, California
- Value
- About $160M (press reports); Imagica's filing gives an acquisition cost of ¥8,942M
- Status
- Completed on April 1, 2015.
- Date
- 2015-02-19
Imagica Robot Holdings bought SDI Media, a Los Angeles company that subtitles and dubs films and TV programs, through a special purpose company. Imagica holds 50.1% of the vehicle, the government-backed Cool Japan Fund 49.6% and Sumitomo Corp. 0.3%. Press reports put the price at about $160 million, while Imagica's filing gives an acquisition cost of ¥8,942 million.
Why it matters
The deal gave a Japanese post-production group a global localization business serving Hollywood content, with a state-backed fund sharing the cost. It shows the Cool Japan Fund backing overseas acquisitions that help Japanese firms reach foreign media markets.
Sources
Kakehashi M&A News home
