The Zoo Digital Group plc (LON: ZOO) share price surged 17.9% after revealing that they had partnered with another major Hollywood studio to provide content localization services to the company. The new client also uses ZOOStudio to manage the content localisation by its vendors.
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Investors cheered the news, a big win for Zoo Digital, which has been providing similar services to another leading Hollywood studio. Hence, today’s announcement continues to cement Zoo Digital’s position as a leading content localization partner for global media studios that produce and distribute content in various regions worldwide.
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Zoo Digital is physically present in Europe, North America, Asia and the Middle East. It boasts a team of over 2,000 translators and dubbing professionals who deliver localised entertainment and media in over 80 global languages.
The company could not disclose the new client's name other than it being a major Hollywood studio due to contractual obligations. The firm also did not disclose the contract's financial terms other than it was already working on some localisation projects for the client.
Zoostudio is a comprehensive vendor-agnostic platform built to solve the significant localization challenge of a global over-the-top (OTT) media service offered directly to consumers over the internet.
The platform has been used by another leading studio and global streaming service since 2019. It is a proven solution for delivering the volume and scale required by an international, multi-language streaming service.
Stuart Green, ZOO Digital’s CEO, commented: “We are delighted to be chosen to provide our services and technology to another high-profile streaming service. Our global ZOO teams recognise the challenges of localising premium content for worldwide audiences, and we're thrilled to be able to support our client with these.”
Investor interest in Zoo Digital spiked to new highs following the news, with ZOO shares holding on to their gains at the time of writing.
*This is not investment advice.
The Zoo Digital (ZOO) share price.
The Zoo Digital share price surged 17.89% to trade at 192.75p, from Monday’s closing price of 163.50p.
YOUR CAPITAL IS AT RISK. 76% OF RETAIL CFD ACCOUNTS LOSE MONEY.