REG - Zoo Digital Group - ZOO Digital launches Iberian hub

Zoo DigitalAnnouncement

04/05/2023 07:00

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RNS Number : 3347Y  Zoo Digital Group PLC  04 May 2023

4 May 2023

 

ZOO DIGITAL GROUP PLC

("ZOO", the "Group" or the "Company")

 

ZOO Digital launches Iberian hub to expand operations in EMEA

 

Strategic investment adds new facilities in Madrid and Valencia

 

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 the launch of facilities in Madrid and Valencia,
following a strategic investment in established dubbing and localisation
company, AM Group.

 

ZOO has acquired a 30 per cent. stake in AM Group for total consideration of
EUR 825,000 to be payable in cash on completion. The investment marks the
continued expansion of ZOO's geographic footprint in EMEA, with AM Group
acting as a primary hub for ZOO's operations in Spain and Portugal. It will
deliver dubbing services as part of ZOO's global end-to-end offering for major
studios and streaming services in Iberia, while also supporting local content
creators to expand their reach to global audiences.

 

Founded in 2004, AM Group has been a partner to ZOO since 2021 and is an
approved service provider under the industry-wide Trusted Partner Network. AM
Group generated EUR 352,000 in profit before tax for the year ended 31
December 2022. It boasts state-of-the-art facilities in both Madrid and
Valencia, complete with nine recording studios, nine control rooms and two
mixing rooms. The facilities also incorporate an adjoining dubbing school that
actively provides practical training for voice talent, with courses in
dubbing, voiceover and vocal technique.

 

Iberia is an increasingly important market for global content producers with
Spain establishing itself as a European hub for audiovisual production and
distribution. Building on the success of international hits such as Money
Heist, Netflix launched its first European hub in Madrid in 2019 and has since
doubled the size of its operations. As well as strengthening capacity for
Castilian Spanish and European Portuguese, ZOO's presence in Iberia will
facilitate localisation into the co-official Spanish languages, bringing
content from around the world to life in Valencian, Catalan, Galician and
Euskera.

 

Stuart Green, CEO of ZOO Digital, commented:

 

"This latest investment under our global growth initiative will allow us to
offer increased capacity and expertise in Spain and Portugal, both of which
are territories that hold high strategic importance for our major studio
clients. The launch of ZOO in Madrid and Valencia strengthens our ability to
deliver high-quality services at a time of significant growth in the region
while also enabling us to cater for regional languages and cultures."

 

Teresa Alonso, Territory Advisor (Spain and Portugal) at ZOO Digital, added:

 

"As international demand for Spanish- and Portuguese-language content
continues to grow, we are dedicated to sharing Iberian stories with local
authenticity on a global scale. AM Group shares our commitment to delivering
this cultural authenticity and representing the linguistic diversity of the
region. We look forward to collaborating closely with their teams to develop
and refine our in-territory dubbing service capabilities."

 

Víctor Martínez, Managing Director of AM Group, also added:

 

"We are delighted to have joined the ZOO Digital family and excited to build
upon our existing partnership. This combination of extensive local knowledge,
global reach and innovative technology opens up new possibilities for content
owners in the region and for the biggest players in global entertainment."

 

The launch of ZOO in Spain sees the Group continue its global expansion.
Further announcements are expected in 2023 as part of ZOO's global growth
initiative.

 

 

 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 / 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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