Anyone who has tried to do significant translation knows that Google Translate is pretty bad. If you just want to translate a word or even a single sentence, it's fine. But if you want to venture into larger pieces of text(like a script for example) then you couldn't do much worse than Google Translate.
There are definitely options available for Hebrew transcription, and Israel has no shortage of domestic computer talent. Human transcription services run about $150 per hour of program material, which is not a huge expense for a business. It's certainly an inconvenience, but a predictable one for the market they're operating in.