Zoo Digital in pledge to create more jobs despite loss
The Sheffield-based business grew its revenues by 63 per cent but said the cost of its newly launched dubbing systems had pulled the firm’s numbers into the red for the six months ending September 30.
This compared with a $421,000 profit during the same period last year. Shares fell slightly as a result.
Advertisement
Hide AdAdvertisement
Hide AdDespite the loss the management team signalled an upbeat note, saying its new dubbing platform, ZOOdubs, had helped drive revenue to $12.7m as more and more customers sought out its cloud-based services.
In total the EMEA market is worth $2bn per year, of which dubbing constitutes $1.4bn.
The ZOOdubs platform allows voice actors to record translations for movies or boxsets from any suitable recording space and takes away the need for costly recording sessions.
Other operational highlights for the start of the year included the launch of a new cloud-powered scripting service and the addition of three new affiliates in emerging markets.