Zoo Digital: Sheffield firm targets savings as it aims to 'fundamentally reshape' amid challenging conditions

The announcement comes as the company said it expected revenue for the year ending March 31 to be $49.4m (£37.1m), a 22 per cent rise on the year prior.

Stuart Green, Chief Executive Officer of ZOO Digital, said: "We are fundamentally reshaping the business to right size our operations and create a sustainable platform for the future.

“This proactive approach positions ZOO to be profitable and cash generative in the current challenging market, and as industry dynamics change.”

The company, which specialises in subtitling and dubbing, added in a statement that the media and entertainment industry “continues to adapt to a changing market environment” following disruption over the past two years – including the Hollywood writers and actors strikes.

Its board said it had also “noted” the recent announcement from the Trump administration relating to potential 100 per cent tariffs on films made outside the US. The company said it was “monitoring” the proposals and would provide a further update in due course, but added that its board believes it is “too early to form a view” on the impact on Zoo’s operations.