Zoo Digital Group PLC Launch of Chennai facility
02 Noviembre 2023 - 1:00AM
RNS Non-Regulatory
TIDMZOO
Zoo Digital Group PLC
02 November 2023
2 November 2023
ZOO DIGITAL GROUP PLC
("ZOO", the "Group" or the "Company")
ZOO Digital expands operations in India with launch of Chennai
facility
ZOO Digital Group plc (AIM: ZOO), the leading provider of
end-to-end cloud-based localisation and media services to the
global entertainment industry, today announces the expansion of its
operations in India with the launch of its new production facility
in Chennai.
The launch of a second multi-purpose facility in India,
alongside Mumbai, is a strategic move to support the production of
dubbing and other media localisation services in regional
languages. The facility will harness the rich pool of local talent
to create authentic localised content, helping to address the
increasing global demand for high-quality South Indian language
content and distribution of non-South Indian titles in India.
This expansion follows a successful first full year for ZOO
India since its integration to the Group in March 2022. It also
highlights ZOO's commitment to meeting the evolving market needs of
its entertainment industry clients, recognising the significant
growth potential of the region with OTT revenue in India predicted
to grow to approximately $4.5bn by 2026.
Stuart Green, CEO of ZOO Digital, said:
"The establishment of our new facility in Chennai marks a
significant milestone for ZOO Digital's operations in India. We are
proud of the success of ZOO India to date, which reflects the
importance of the region to all global streaming services and the
expertise of our talented team. This second facility will scale up
capacity to more than double ZOO India's revenues in FY24, while
catering to the region's wide array of languages and the diverse
post-production needs of our clients."
Rajiv Raghunathan, Managing Director, India, said:
"India plays a crucial role in the global media landscape,
boasting rich linguistic diversity and a vibrant entertainment
industry. As a leading localisation services provider, ZOO Digital
recognises the immense potential of the South Indian market and is
committed to supporting content creators in reaching these growing
international audiences. Our new facility in Chennai further
solidifies our presence in India, enabling us to deliver leading
localisation services and unlock new revenue streams for globalised
content."
For further enquiries, please contact:
+44 (0) 114 241
ZOO Digital Group plc 3700
Stuart Green - Chief Executive Officer
Phillip Blundell - Chief Finance Officer
Kam Bansil - Investor Relations
Stifel Nicolaus Europe Limited (Nominated Adviser +44 (0) 20 7710
and Joint Broker) 7600
Fred Walsh / Erik Anderson / Tom Marsh / Richard
Short
+44 (0) 20 7496
Singer Capital Markets (Joint Broker) 3000
Shaun Dobson / Asha Chotai
+44 (0) 207 457
Instinctif Partners (Financial PR) 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 and Denmark 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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