RCS - Zoo Digital Group - ZOO Digital expands its investment in ZOO Turkey

Zoo DigitalAnnouncement

09/10/2023 07:15

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RNS Number : 0508P  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 (http://www.zoodigital.com/)

 

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