Red Bee Media acquires Mundovisión Spain
Red Bee Media has continued its global expansion with the acquisition of Mundovisión [MGI 2000 S.A.].
Alongside the recent acquisition of Titelbild in Germany, the addition of Mundovisión consolidates Red Bee Media’s position as Europe’s largest supplier of subtitling and audio description services to the media industry.
Mundovisión, headquartered in Seville, was established in 1996. With approximately 50 staff the company also has small teams in Madrid, Valencia and Las Palmas, and a small subsidiary in Tétouan, Morocco. Clients include Disney (Spain), state broadcaster TVE, Canal Sur, Canal Nou, TV Canarias and national broadcasters La Sexta and Antena 3.
As part of the acquisition agreement, Mundovisión CEO, José María Zafra, will remain on the board as a director along with Red Bee Media representatives including CEO, Pam Masters as Chairman.
Red Bee Media is the recognised market leader of subtitling, signing and audio description in the UK, France and Australia with clients such as the BBC, Channel 4, M6, Canal+ and all major Australian commercial networks. Red Bee Media’s expert knowledge of access and technology services will be used to further strengthen Mundovisón’s presence in the Spanish market.
Toby Blizard, Head of Business Development, Access Services, Red Bee Media comments: “This acquisition is another milestone for Red Bee Media in Europe and it demonstrates just how passionate the company is about progressing Access Services internationally. I am very excited about Mundovisión joining Red Bee Media. This is a significant step in our expansion and adds further subtitling capability to our product suite. We welcome the staff from Mundovisión to Red Bee Media.”
José María Zafra of Mundovisión adds: “The investment from Red Bee Media means that our innovative subtitling technology can be further developed to deliver the highest standard of subtitling services across the country. We are now moving onto our next stage of growth by joining the Red Bee Media family, giving us access to global broadcast clients and new markets.”