Ascent to sell Visiontext

SDI to purchase subtitling firm for undisclosed terms

Ascent Media Group is selling its subtitling business, Visiontext, to subtitling and language dubbing provider SDI Media. The value of the deal was not disclosed.

Acquired by Ascent in 2000, Visiontext operates from offices in the U.K. and Los Angeles.

SDI Media, owned by private equity firm Elevation Partners, maintains operations in Europe, Asia and North America. Santa Monica-based Ascent is a wholly-owned subsidiary of Ascent Media Corp. The companies said they expect to enter into a strategic relationship when the deal closes.
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