Business
ZOO Digital launches Iberian hub
ZOO Digital launches Iberian hub.
About this update from Zoo Digital Group Plc
[{"type":"text","content":"\n\n4 May 2023\n \nZOO DIGITAL GROUP PLC\n(\"ZOO\", the \"Group\" or the \"Company\")\n \nZOO Digital launches Iberian hub to expand operations in EMEA\n \nStrategic investment adds new facilities in Madrid and Valencia\n \nZOO Digital Group plc (AIM: ZOO), a leading provider of end-to-end cloud-based localisation and media services to the global entertainment industry, today announces the launch of facilities in Madrid and Valencia, following a strategic investment in established dubbing and localisation company, AM Group.\n \nZOO has acquired a 30 per cent. stake in AM Group for total consideration of EUR 825,000 to be payable in cash on completion. The investment marks the continued expansion of ZOO's geographic footprint in EMEA, with AM Group acting as a primary hub for ZOO's operations in Spain and Portugal. It will deliver dubbing services as part of ZOO's global end-to-end offering for major studios and streaming services in Iberia, while also supporting local content creators to expand their reach to global audiences.\n \nFounded in 2004, AM Group has been a partner to ZOO since 2021 and is an approved service provider under the industry-wide Trusted Partner Network. AM Group generated EUR 352,000 in profit before tax for the year ended 31 December 2022. It boasts state-of-the-art facilities in both Madrid and Valencia, complete with nine recording studios, nine control rooms and two mixing rooms. The facilities also incorporate an adjoining dubbing school that actively provides practical training for voice talent, with courses in dubbing, voiceover and vocal technique.\n \nIberia is an increasingly important market for global content producers with Spain establishing itself as a European hub for audiovisual production and distribution. Building on the success of international hits such as Money Heist, Netflix launched its first European hub in Madrid in 2019 and has since doubled the size of its operations. As well as strengthening capacity for Castilian Spanish and European Portuguese, ZOO's presence in Iberia will facilitate localisation into the co-official Spanish languages, bringing content from around the world to life in Valencian, Catalan, Galician and Euskera.\n \nStuart Green, CEO of ZOO Digital, commented:\n \n\"This latest investment under our glo...