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ZOO Digital shares spike on major Hollywood streaming deal

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Shares in Sheffield’s AIM-listed ZOO Digital rose over 10 per cent this morning after it revealed a new contract with a “major Hollywood studio.”

The company told investors in a statement it is now operating as a key vendor for a “major content producer” to support its content localisation needs.

“We are delighted to be chosen to provide our services and technology to another high-profile streaming service,” said Zoo chief executive Stuart Green.

“Our global ZOO teams recognise the challenges of localising premium content for worldwide audiences, and we’re thrilled to be able support our client with these.”

For contractual reasons, the identity of the new Hollywood client cannot be disclosed, the statement added.

Zoo also noted that its ZOOstudio product has already been in use at another major studio and global streaming service since 2019. ZOOstudio is a purpose-built platform designed to solve the large-scale globalisation challenges of a multi-territory over-the-top media service. It has been in use at another major studio and global streaming service since 2019.

ZOO’s global freelance workforce of over 12,000 translators and dubbing professionals deliver localised media and entertainment content in over 80 global languages, while a “significant number” of revenue-generating projects are currently under discussion with the new client, though Zoo said further contracts have yet to be finalised.

In London, Zoo shares climbed 16.60p or 10.12 per cent to trade at 180.6p in Tuesday’s early deals.

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