RNS Number : 8374M
Zoo Digital Group PLC
26 January 2021
26 January 2021
ZOO DIGITAL GROUP PLC
("ZOO", the "Group" or the "Company")
ZOO Digital Group plc, a world-leading provider of cloud-based
localisation and media services to the global entertainment
industry, today provides an update on current trading and outlook
for the financial year ending March 2021.
Since the half year, ZOO has continued to see the benefits of
its cloud-based offering and ability to undertake projects
remotely. Whilst new productions have been on hold due to the
COVID-19 pandemic, the Group continues to see increased workflow
from preparing back catalogue titles for digital distribution
globally, although the volume of this work is not expected to
continue at such high levels once new production returns to normal.
As a result, revenues for the full year are now expected to be at
least $38 million (FY20: $29.8 million), an acceleration of growth
in the second half over the first half of 35%. Based on this strong
performance, the result for the year is anticipated to be ahead of
It is encouraging to note that some new productions have
restarted more recently. In addition, there has been expansion of
budgets by major industry players as streaming becomes mainstream,
with content being sourced more broadly from international
producers. These trends are underpinned by rising consumer spending
The pandemic has provided ZOO with the opportunity to increase
its engagement with dubbing customers due to the differentiated
benefits of its cloud technology over a period when the Board
believes its major competitors have experienced revenue declines .
The Company has been well placed to meet changing market
requirements as the digital transformation of the industry has been
accelerated. This endorses ZOO's business model and strategy which
the Board believes will support continued growth once new
The Group has also added new customers during the period that
are expected to contribute during the 2022 financial year.
The Company continues to invest in its technology and growing
its international footprint. A wide range of enhancements have been
made to the Company's ZOOstudio platform to further embed it in
customer operations whilst ZOOdubs has been extended and ZOO's
dubbing service expanded geographically through investment in
people in new markets, cementing its technology leadership.
Stuart Green, Chief Executive Officer, said:
"ZOO Digital has traded very strongly and is pioneering and
innovating the services it provides to the global entertainment
industry. Our technology-first, cloud-based approach has positioned
the Group very well to meet market requirements during and
subsequent to the pandemic, despite the disruption caused to new
"ZOO is a trusted partner to major media companies and through
our end-to-end service model, which brings together comprehensive
localisation and media services, we are able to support major
studios and streaming services as they globalise their content to
reach audiences worldwide.
"We are investing in growing our global footprint as well as
benefiting from the resumption of content creation and digitally
remastering back catalogues for the global market."
ZOO Digital Group plc +44 (0)114 241 3700
Stifel +44 (0)20 7710 7600
Fred Walsh / Luisa Orsini Baroni
Instinctif Partners +44 (0)20 7457 2020
Matthew Smallwood / Kay Larson firstname.lastname@example.org
Rosie Driscoll / Hannah Campbell
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
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
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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(END) Dow Jones Newswires
January 26, 2021 02:00 ET (07:00 GMT)
Grafico Azioni Zoo Digital (LSE:ZOO)
Da Lug 2021 a Ago 2021
Grafico Azioni Zoo Digital (LSE:ZOO)
Da Ago 2020 a Ago 2021