Streaming boom brings ZOO movie subtitler record results

Streaming boom brings ZOO movie subtitler record results

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Hazen in movie subtitles and dubbing specialist Zoo Digital rose 7% after posting record results fueled by global expansion stream services.

Zoo Digital saw sales rise 78% to $70.4 million (£58.8 million), while operating profit tripled to $3.1 million.

The company partners with streaming services such as Netflix and Disney+ to provide subtitling and dubbing services using a global network of freelance voice actors.

The company said it had seen demand for its dubbing services rise as streaming platforms ramped up content production as subscribers grew.

Netflix subscribers grew 21% to over 200 million in the past two years, while the Disney+ service grew by nearly 8 million to 87.6 million in Q1 2022. The total video streaming market was valued at $372 billion in 2021, according to Fortune Business Insights figures.

Stuart Green, CEO of Zoo Digital, told the Standard: “What the pandemic did was accelerate that shift – stuck at home we wanted to watch new programmes. More content is now being produced than ever before.

“We’ve had a great year of profitable growth – gaining market share by expanding and taking advantage of this fantastic opportunity.”

The publication of Zoo’s results was delayed by 24 hours after a last-minute internal review by the company’s audit partner, the CFO said.