Zoo Digital Group PLC ZOO Digital expands its investment in ZOO Turkey
09 Octubre 2023 - 1:00AM
RNS Non-Regulatory
TIDMZOO
Zoo Digital Group PLC
09 October 2023
9 October 2023
ZOO DIGITAL GROUP PLC
("ZOO", the "Group" or the "Company")
ZOO Digital expands its investment in ZOO Turkey
ZOO Digital Group plc (AIM: ZOO), a leading provider of
end-to-end cloud-based localisation and media services to the
global entertainment industry, today announces an additional
strategic investment in ZOO Turkey, further expanding the Group's
operations in a key growth region.
The Company initiated the first phase in its global growth
strategy with the launch of ZOO Turkey in November 2021, investing
in leading Istanbul-based media localisation company, ARES Media.
Two successful years of partnership has driven significant growth
in core dubbing, subtitling and media services, helping to address
the increased demand for high-quality Turkish content.
Global demand from major content creators and global streaming
services for Turkish content and distribution of non-Turkish titles
in the country continues to grow. As part of ZOO's global growth
initiative, the increased stake in ZOO Turkey will support new
opportunities to provide an enhanced offering in the MENA region.
The investment will also enable ZOO to secure new talent across its
key markets. The transaction will continue to provide greater
capacity in Turkey to handle higher volumes of work at a faster
rate, and access competitive pricing in all key languages.
Stuart Green, CEO of ZOO Digital, said:
"We are proud of the success of ZOO Turkey since its launch two
years ago. Our partnership with ARES has facilitated the delivery
of high-quality Turkish language services to our customers and we
are thrilled to further consolidate this relationship in a key
strategic market. This additional investment further aligns ZOO
with the most important markets for our customers and will ensure
we are well placed to meet growing demand for our core services in
the years ahead. We look forward to continuing to strategically
support ZOO Turkey as part of our long-term growth ambitions in the
region."
Ender Albayrak, President, ZOO Turkey, ARES Media, added:
"Since officially becoming part of the ZOO family, we have
worked successfully as part of the wider Group to deliver
technology-backed localisation and media services to clients. As we
see demand grow in MENA and globally, further investment in ZOO
Turkey will enable us to enhance our services and ramp up capacity
to meet demand. "
For further enquiries, please contact:
ZOO Digital Group plc +44 (0) 114 241 3700
Stuart Green - Chief Executive Officer
Phillip Blundell - Chief Finance Officer
Kam Bansil - Investor Relations
Stifel Nicolaus Europe Limited (Nominated
Adviser and Joint Broker) +44 (0) 20 7710 7600
Fred Walsh / Erik Anderson / Tom Marsh
/ Richard Short
Singer Capital Markets (Joint Broker) +44 (0) 20 7496 3000
Shaun Dobson / Asha Chotai
Instinctif Partners (Financial PR) +44 (0) 207 457 2020
Matthew Smallwood / Joe Quinlan zoo@instinctif.com
About ZOO Digital Group plc:
ZOO Digital supports major Hollywood studios and streaming
services to globalise their content and reach audiences everywhere,
by providing leading, technology-enabled localisation and media
services.
Founded in 2001, ZOO Digital operates from hubs in Los Angeles,
London, Dubai, Turkey, South Korea, India, Denmark and Spain with a
development and production centre in Sheffield, UK.
The Group provides media services through its platforms that
include: ZOOsubs, ZOOdubs and ZOOstudio. Its full-service
proposition delivers the end-to-end services required to prepare
both original and catalogue content for digital distribution; these
services include dubbing, subtitling & captioning, metadata
creation & localisation, mastering, artwork localisation and
media processing. Alongside this offering, ZOO also provides its
customers with management platforms and strategic solutions to
support their own internal globalisation operations.
ZOO is a go-to service partner for media businesses looking to
globalise their content across different territories, languages and
distribution platforms. Using its innovative technology-enabled
approach, ZOO helps its customers to reduce time to market, lower
costs and deliver high quality products to their global audiences.
The business has frameworks in place with all major Hollywood
studios and streaming services. Its customers include Disney,
NBCUniversal, HBO and Paramount Global.
ZOO's competitive advantage arises from three interlinking
factors - the leading role it has played in the digital
transformation of its sector; the world class proprietary platforms
that it develops to enable this transformation; and the global
supply chain of thousands of freelancers, working collaboratively
in ZOO's platforms, which delivers services that scale easily to
meet demand. These factors combine to make ZOO uniquely placed to
capitalise on new market opportunities in a fast-paced and
constantly evolving industry.
www.zoodigital.com
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