ZOO expands investment in Korean hub following strong first year performance

ZOO Digital has increased its investment in its Korean hub after recording a “strong” performance over the last year.
By Greg Wright
Published 5th Apr 2023, 09:16 BST

ZOO has announced the acquisition of the remaining 49 per of ZOO Korea as part of its expansion strategy.

In a statement, ZOO said: “Since the company acquired 51 per cent. of the equity in March 2022, ZOO Korea has successfully expanded to deliver an in-territory servicing hub for the most prestigious names in entertainment.

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"The venture has helped to address the growing global demand for Korean content and distribution of non-Korean titles in the country with premium and secure provision of dubbing, subtitling, quality control and

ZOO Digital has acquired the remaining shares in ZOO KoreaZOO Digital has acquired the remaining shares in ZOO Korea
ZOO Digital has acquired the remaining shares in ZOO Korea

media services.

"In recent months, two global streaming services have worked with ZOO Korea and further significant new opportunities are in the pipeline. Due to the increased volumes of work, additional investment in people and infrastructure is required to support demand and capture the growing in-territory market for ZOO Korea’s services.”

Stuart Green, CEO of ZOO Digital, commented: “We have been thrilled by the success of ZOO Korea since its inception 12 months ago. Our teams have built a productive and efficient working relationship, revenues have exceeded initial expectations and customer acceptance has been very high. This additional investment will consolidate the full benefit of ZOO Korea’s future growth to the group and support our long-term ambitions in the region.”