Private group buys dubbing service

MTG gets out of subtitling

Scandinavian media outfit Modern Times Group has sold SDI Media, one of the world’s leading subtitling, dubbing and translating companies, to private equity group Warburg Pincus for $60 million in cash.

Move is in line with MTG’s strategic focus on its broadcasting core assets, MTG CEO Hans-Holger Albrecht said. SDI launched in 1990 to service MTG’s TV3 network across Scandinavia and is now in 15 countries with revenues of $49 million annually.

Company claims a 60% share of the global market for the subtitling of Hollywood DVD feature releases.

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