SocialTech.com is reporting that Dmeand Media has issued $707,254 in stock as part of the acquisition of an unnamed company that specializes in the creation of Spanish and Portuguese language media content. This was revealed in a regulatory filing, according to the publication.
Sure enough, if you go to DemandStudios.com/espanol, you can find the following message indicating that the company is EmergingCast:
In the coming weeks and months, we will offer opportunities for professional writers, editors and translators who have flawless Spanish reading and writing skills to work with some of the largest brands on the web, reaching Spanish-speaking people all around the world.
To help us roll out this service, we have teamed up with Emerging Cast, one of the most popular online studios in Latin America. Their talented team has joined up with us to help roll out the best online creative platform for Spanish-speaking professional content creators.
We are looking forward to the upcoming launch of Demand Media Studios Español. Until then, existing Emerging Cast freelancers can log into the existing system using the box above.
If you go to EmergingCast.com, it redirects to DemandStudios.com/Espanol.
In other Demand Media news, the company has reportedly approved a $25 million share buyback program (effective August 19).
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