REG - Zoo Digital Group - Trading Update <Origin Href="QuoteRef">ZOO.L</Origin>

Zoo DigitalAnnouncement

18/02/2015 07:01

RNS Number : 1628F
Zoo Digital Group PLC
18 February 2015
18 February 2015
ZOO DIGITAL GROUP PLC
("ZOO" or "the Company")
Contract Win and Trading Update
ZOO Digital Group plc, the provider of cloud-based media production software and services to global creative organisations, today provides an update on trading.
In a separate statement released today, ZOO announced that BBC Worldwide, the wholly owned commercial subsidiary of the BBC, has selected ZOO to provide a pioneering new subtitling and captioning solution for its global operations. ZOO will deliver a cloud-based media workflow management system and associated subtitle and caption production services to BBC Worldwide in a deal beginning this month.
The Group expects full year revenues to be ahead of the prior year. Due to a combination of seasonality of projects in the entertainment industry and disruptions within a major customer, second half year revenues are expected to be lower than first half. Demand for the Group's subtitling software and services is strengthening both in the US and UK, evidenced by today's BBC Worldwide contract win.
ZOO will issue a pre-close trading update in April.
Ends
For further enquiries please contact:
ZOO Digital Group plc
0114 241 3700
Stuart Green - Chief Executive Officer
Helen Gilder - Group Finance Director
FinnCap
020 7220 0500
Ed Frisby (corporate finance)
Joanna Weaving (corporate broking)
Newgate Communications
020 7680 6550
Tim Thompson
Jasper Randall
About ZOO Digital Group plc:
ZOO Digital is a provider of cloud-based media production services and software to global creative organisations, predominantly in the entertainment industry. ZOO's full service proposition includes localisation of audio-visual content (embracing subtitling, captioning and dubbing), creative workflow systems and digital distribution solutions.
ZOO's services enable clients to capitalise on new routes to market and deliver localised content to their customers across multiple platforms.
ZOO's clients enjoy reduced time to market, higher quality and lower costs. This is achieved by delivering differentiated production services through the application of innovative cloud software. In this way ZOO provides flexible solutions that combine services with software licensing to meet the diverse needs of clients of all sizes across the creative media industries. ZOO's software is used to create localised entertainment products, packaging and marketing campaigns for some of the best known brands in the world.

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