RCS - Zoo Digital Group - Launch of Chennai facility

Zoo DigitalAnnouncement

02/11/2023 07:16

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RNS Number : 1047S  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:

 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 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 (http://www.zoodigital.com/)

 

 

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