Zoo Digital Group PLC ZOO Digital's global growth strategy
28 Octubre 2021 - 1:00AM
RNS Non-Regulatory
TIDMZOO
Zoo Digital Group PLC
28 October 2021
REACH
28 October 2021
ZOO DIGITAL GROUP PLC
("ZOO", the "Group" or the "Company")
ZOO Digital's global growth strategy
Regional hubs will strengthen ZOO's global support to major
content creators and streaming services
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 gives more detail on its
global growth strategy to scale its operations by establishing
regional hubs in key international locations.
Accelerated growth in international distribution of regional
content, alongside the launch of new global direct-to-consumer
platforms, continues to generate strong demand and opportunity for
ZOO's globalisation and media services. In order to align with its
clients' current and future objectives in fast-growing territories,
the Company is finalising investments to expand its geographic
footprint in key content sourcing and distribution locations,
namely Turkey, Korea, Thailand, India, Japan and Malaysia.
ZOO is one of just a few global vendors with the proven
capability to deliver complete end-to-end services to ready content
for audiences in all languages and formats, owing to its
cloud-based technology ecosystem and collaborative network of
independent dubbing studios, vendor partners and freelance actors
and translators. The regional investments will further strengthen
the Company's offering by simplifying access to new territories,
thereby helping clients to overcome the challenges of localising
and fulfilling huge volumes of original and catalogue content, as
well as supporting the increasing need to prepare locally acquired
TV shows and movies for streaming services around the world. The
new hubs are also expected to support the business development team
by providing wider international coverage and access to new
markets.
The expanded ZOO Digital Group will continue to consist of
long-established businesses that have been affiliate partners to
ZOO for several years. These companies, which include media
services providers and localisation vendors, already have extensive
experience working in the proprietary cloud-based technology used
by ZOO throughout its global ecosystem of partners and freelancers.
The all-encompassing approach supports unrestricted creativity
while enforcing high standards of production quality, workflow
efficiency and content security across the entire global group.
Stuart Green, CEO of ZOO Digital, said:
"Southeast Asia, the Middle East and India are all experiencing
rapid growth as content centres for an increasingly global
audience. Our expansion in these regions will add scale to ZOO's
operations, further diversify our revenues and provide access to
new talent pools in lower cost economies. For our clients, it will
enable us to deliver even higher levels of creativity, quality and
security in some of the fastest-growing and most important regions
for media companies. By aligning our business with their growth
ambitions in these territories, we are well positioned to support
our clients' content requirements and capitalise on new market
opportunities."
The Company will make further announcements regarding its
investments as deals are completed.
For further information:
ZOO Digital Group plc +44 (0)114 241 3700
Stuart Green
Phillip Blundell
Stifel +44 (0)20 7710 7600
Fred Walsh / Tom Marsh
Instinctif Partners +44 (0)20 7457 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 world-leading, technology-enabled localisation and
media services.
Founded in 2001, ZOO Digital operates from hubs in Los Angeles,
London and Dubai, with a development and production centre in
Sheffield, UK. The company is targeting $100m sales in the medium
term.
The Group provides media services through its platforms that
include: ZOOsubs, ZOOdubs, 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, 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 ViacomCBS.
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 geared to
capitalise on new market opportunities in a fast-paced and
constantly evolving industry.
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