Zoo Digital funding to ensure stability

​ZOO Digital, a subtitling and captioning specialist, has raised £800,000 in working capital by way of a new convertible loan note and said it is optimistic about the future.
By The Newsroom
Published 24th Nov 2014, 17:34 BST

Five of the six major Hollywood studios now use Zoo’s subtitling services, directly or indirectly.

Stuart Green, chief executive ​officer, said: “We remain optimistic of our prospects, particularly in view of current trading within our subtitling business, to which we are adding new clients on a monthly basis.

Hide Ad
Hide Ad

“The growing need for localisation is independent of distribution formats, unlike some other services we have offered in the past that have been adversely affected by trends in the popularity of specific entertainment platforms.

“This new financing leaves us well positioned to withstand fluctuations in our working capital requirements.”

Separately, James Livingston has notified the company that, after five years’ service, he intends to step down from the board. The ​g​roup intends to appoint a replacement independent non-executive director in due course.

“We would like to thank James for his contribution to the business over the years as a non-executive director of the company and we wish him the best with his other ventures​,” said Mr Green.

Related topics:Hollywood