Hi,
Welcome to The Big Picture.
Our quarterly investor newsletter featuring the latest news from ZOO and updates from across the global entertainment industry.
January trading update highlights our accelerating momentum
Since the half year, ZOO has continued to see the benefits of our cloud-based offering and ability to undertake projects remotely, as we outlined in our trading update on 26 January 2021:
"Increased workflow from preparing back catalogue titles for digital distribution globally means that we now expect our revenues for the full year to be at least $38 million (FY20: $29.8 million) – a 35% acceleration of growth in the second half over the first half. Based on this strong performance, the result for the year is anticipated to be ahead of market expectations."
Well-positioned to benefit from structural shift in the industry
There has been an expansion of budgets by major industry players as streaming becomes mainstream, with content being sourced more broadly from international producers. These trends are underpinned by rising consumer spending on content.
Through our end-to-end service model we are able to support major studios and streaming services as they globalize their content to reach audiences worldwide. We are investing in growing our global footprint as well as benefiting from the resumption of content creation and digitally remastering back catalogues for the global market.
Continuing to invest in growth
On 2 February we unveiled news of strategic hires as part of our talent management programme to enhance our dubbing capabilities and bring in new talent across its European and other key markets.
Following our success in building our dubbing services in Latin America, we are focused on expanding our in-territory expertise across Europe, the Middle East and South East Asia to fulfil projects from leading global content providers.
The latest members of our talent management team introduce themselves in a mini-Q&A feature below.