ZOO 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 an additional strategic investment in ZOO Turkey, further expanding the Group’s operations in a key growth region.
The Company initiated the first phase in its global growth strategy with the launch of ZOO Turkey in November 2021, investing in leading Istanbul-based media localisation company, ARES Media.
Two successful years of partnership has driven significant growth in core dubbing, subtitling and media services, helping to address the increased demand for high-quality Turkish content.
Global demand from major content creators and global streaming services for Turkish content and distribution of non-Turkish titles in the country continues to grow. As part of ZOO’s global growth
initiative, the increased stake in ZOO Turkey will support new opportunities to provide an enhanced offering in the MENA region. The investment will also enable ZOO to secure new talent across its key markets.
The transaction will continue to provide greater capacity in Turkey to handle higher
volumes of work at a faster rate, and access competitive pricing in all key languages.
Stuart Green, CEO of ZOO Digital, said:
“We are proud of the success of ZOO Turkey since its launch two years ago. Our partnership with
ARES has facilitated the delivery of high-quality Turkish language services to our customers and
we are thrilled to further consolidate this relationship in a key strategic market. This additional
investment further aligns ZOO with the most important markets for our customers and will ensure
we are well placed to meet growing demand for our core services in the years ahead. We look
forward to continuing to strategically support ZOO Turkey as part of our long-term growth ambitions
in the region.”
Ender Albayrak, President, ZOO Turkey, ARES Media, added:
“Since officially becoming part of the ZOO family, we have worked successfully as part of the wider
Group to deliver technology-backed localisation and media services to clients. As we see demand
grow in MENA and globally, further investment in ZOO Turkey will enable us to enhance our
services and ramp up capacity to meet demand.”
