This announcement is a replacement for one released on 7 August 2017 at 07.00am under RNS number 2145N. The item changed is that the Company reached "100 million subtitles 3.5 years after launching its subtitling service; this subsequent 100 million were added in just sixteen months", as opposed to "in just six months", as previously stated.
All other details remain unchanged.
The full amended text is shown below.
ZOO DIGITAL GROUP PLC
("ZOO", "Company" or the "Group")
ZOO surpasses milestone of 200 million subtitles for TV and movie studios
ZOO Digital Group plc, the provider of cloud-based subtitling and digital distribution services for the global entertainment industry, has surpassed a new Company milestone, delivering over 200 million subtitles for the biggest names in the global TV and movie industry. ZOO reached 100 million subtitles 3.5 years after launching its subtitling service; this subsequent 100 million were added in just sixteen months.
Subtitling is a key tenet of the Group's localisation services for its clients, delivered using ZOO's innovative cloud technology. The Company provides foreign language subtitling, captioning and dubbing in all languages and distribution formats for clients worldwide, including the six major Hollywood studios, global broadcasters and major online retailers. One subtitle is a phrase of text displayed on screen, either to translate dialogue into another language or as an aid for hearing-impaired viewers, with a typical feature film requiring around 700 such subtitles for each language.
The demand for ZOO's subtitling service is growing rapidly, driven primarily by the growth in content for sale through digital platforms now widely available from a growing number of "Over-The-Top" (OTT) providers. Processing over 250,000 minutes of subtitles and captions per month, ZOO works on some of the world's most well-known feature films and TV programs.
Stuart Green, CEO of ZOO Digital, commented,
"As the industry continues to evolve, so too does the demand for our solutions. It is now easier for content owners to reach a much wider audience through digital rather than physical products and as a result, content has become commercially available in more and more geographies, driving the need for subtitling into additional languages. We are ideally positioned to service this heightened level of demand through our efficient and secure cloud platforms, which give us the capacity to scale our services efficiently to respond to our clients' needs of reaching audiences everywhere."
ZOO Digital Group plc |
0114 241 3700 |
Stuart Green - Chief Executive Officer |
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Helen Gilder - Chief Finance Officer |
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FinnCap |
020 7220 0500 |
Henrik Persson / Emily Watts / Alex Price (corporate finance) Camille Gochez (corporate broking) |
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Alma PR |
020 8004 4218 |
Josh Royston / Hilary Buchanan |
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About ZOO Digital Group plc:
ZOO Digital is a provider of services allowing quality TV and movie content to be subtitled in any language and prepared for sale with all major online retailers. ZOO's clients are some of the best-known brands in the world including major Hollywood studios, global broadcasters and independent distributors.
ZOO's point of difference in the marketplace is its development and use of innovative cloud technology. This ensures that content is subtitled in any language and delivered to all the major online platforms such as Amazon, iTunes, Google and Hulu with reduced time to market, higher quality and lower costs. ZOO's agile, cloud-based business model enables clients to respond to market trends, scale easily with business growth and capitalise on new routes to market in the fast moving and evolving digital industry.
ZOO operates from the entertainment hubs of Los Angeles and London with a development and production centre in Sheffield. Its full-service proposition includes digital distribution, subtitling & captioning, metadata creation & localisation, dubbing, artwork localisation, workflow and asset management.
www.zoodigital.com
