Zoo Digital Group PLC
07 April 2006
7 April 2006
ZOO DIGITAL GROUP PLC
('ZOO' or 'the Group')
ZOO Signs New Software Licensing Agreements
ZOOtech Ltd ('ZOOtech') the interactive DVD technology pioneer and subsidiary of
ZOO, today announced it has signed a number of licensing deals for its unique
DVD authoring technology DVD-EXTRA. The deals are across multiple territories
and see the continued roll-out of the technology to developers and publishers
looking to produce highly interactive DVD titles. ZOO expects to generate around
£1.5million in revenues from licensing and royalties in this market sector in
this financial year.
In North America new agreements with Scholastic Media, Brighter Minds Media and
Endless Games for products that use ZOO's technology for new interactive DVDs
will produce a broad range of new titles based on popular television, film and
book properties. In Europe further licenses have been agreed with Vivid
Imaginations Ltd, Big Red Frog, Silenn and Compedia. ZOOtech has also signed its
first developer and publisher contracts in Italy with Cinehollywood -
demonstrating the continued expansion and growth in the market for interactive
DVDs across multiple territories. These additions contribute to a robust
publishing schedule for 2006 and 2007 across a number of DVD game categories.
Stuart Green, CEO of ZOO, said;
'ZOO is very pleased to be working with these new partners to create a diverse
range of products using the DVD-Video platform to create truly interactive
experiences that children, families and gamers will enjoy. The Board believes
that the prospects for the development of its range of unique DVD software tools
remain sound and are encouraged by the continuing commercial opportunities
presented. We are committed to reducing the technology barriers so that
publishers have the greatest possible freedom to bring their visions of
interactive entertainment to the DVD market. DVD-EXTRA STUDIO users can automate
many formerly manual processes, such as the generation of assets and links.
These types of efficiencies simply cannot be replicated using other tools.'
- ends -
Enquiries:
Stuart Green
CEO, ZOO Digital Group plc
0114 241 3700
James Chandler/Lana Pugh
Weber Shandwick Square Mile
07771 787098/ 020 7067 0747
Alasdair Robinson
Noble & Company Limited
0131 225 9677
Notes to Editors:
About ZOO Digital Group PLC
ZOO is divided into two separate divisions; ZOOtech Ltd ('ZOOtech') and ZOO
Interactive Video Ltd ('ZIV') (formerly ZOO Digital Publishing Ltd ).
ZOOtech Ltd ('ZOOtech')
ZOOtech focuses on R&D and licensing of DVD-EXTRA, the Group's highly original
development software capable of creating complex interactive content for
standard DVD players. From delivering professional tools to create highly
interactive DVD titles, to solutions that are making a huge impact on process
change in major Hollywood studios and worldwide production facilities - ZOOtech
is pioneering the development of technology that is revolutionising the video
production industry.
ZOO Interactive Video Ltd ('ZIV')
ZIV is a world leader in the production of interactive video entertainment. By
acquiring rights and developing interactive DVD titles using DVD-EXTRA STUDIO,
ZIV delivers high quality products for distribution through video 'majors'. In
addition ZIV provides category-leading interactive video production services to
publishers across the globe. Its products include best selling titles such as
'Who Wants To Be A Millionaire?', 'Telly Addicts' and Wallace & Gromit - Curse
of the Were-Rabbit'
About Scholastic
Scholastic Corporation (NASDAQ: SCHL) is the world's largest publisher and
distributor of children's books and a leader in educational technology.
Scholastic creates quality educational and entertaining materials and products
for use in school and at home, including children's books, magazines,
technology-based products, teacher materials, television programming, film,
videos and toys. The Company distributes its products and services through a
variety of channels, including proprietary school-based book clubs, school-based
book fairs, and school-based and direct-to-home continuity programs; retail
stores, schools, libraries and television networks; and the Company's Internet
site, www.scholastic.com.
This information is provided by RNS
The company news service from the London Stock Exchange