SDI Media Group, Inc. is a major provider of subtitling, translation, and language dubbing services to the entertainment industry. The headquarters are located in the Westchester district of Los Angeles, California. Other offices and facilities are located in 37 countries around the world. The company employs more than 1000 employees worldwide and utilizes a network of more than 4,000 freelance translators. In 1990 the Swedish media company Modern Times Group acquired the majority shareholding in Svensk Text (SDI Media). SDI Media was sold by MTG to Warburg Pincus for US$60 million in 2004. In 2007 it was acquired by Elevation Partners, a private equity firm, mainly investing in media and entertainment companies. In 2008, SDI Media Group acquired Visiontext, a competitor in the subtitling industry, from Ascent Media. On February 21, 2015, Japanese media parent company Imagica Robot Holdings has partnered with Sumitomo Corporation and the Cool Japan Fund to acquire SDI Media.