Keywords Studios buys Canadian audio description company for CAD3.2m
By Michele Maatouk
Date: Wednesday 12 Jun 2019
(Sharecast News) - Keywords Studios has bought Canadian audio description services company Descriptive Video Works for CAD3.2m.
The company, which provides technical services to the video games industry, has bought the Vancouver-based business from founder Diane Johnson. Founded in 2003, it provides audio description services for broadcast and over the top streamed programming, feature films, documentaries and live action series as well as live coverage of prime time events such as the Olympics for NBC.
In the year to 30 November 2018, the business generated adjusted pre-tax profit of CAD0.66m on revenues of CAD 2.2m.
Keywords chief executive Andrew Day said: "In 2018, Keywords and Descriptive Video Works collaborated on a transcreation project in which a major video game franchise was made ready for OTT streaming in an interactive format and we were really impressed by both the team's capabilities and how well we worked together.
"We are delighted to welcome Diane and the talented DVW team to the Keywords family. We are looking forward to supporting the accessibility needs of the film, TV and video-games industry as these markets continue to develop. Our voice over studios around the world will be looking at ways in which they can work with Diane and her team to bring audio description production to European, South American and Asian markets."
DVW has produced audio description for programmes such as Downton Abbey, Dragon's Den, Master Chef Canada, Seinfeld, Versailles, and Anne with an E.
At 1110 BST, the shares were up 1.8% at 1,736.66p.
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