Last checked at 9 Oct 2023 07:00
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."
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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