Media localization provider, ZOO Digital, has acquired long-time dubbing partner LogoSound.
The acquisition of an Italian-based dubbing studio is a first for ZOO, and has enabled the media localizer to establish Milan-based “ZOO Italia”.
Founded in 2006, LogoSound provides dubbing services in Italian to Agostini Editore, Boing, Malvista Entertainment, Turner Broadcasting System Europe, and CDI Camera Distribuzioni, among others.
According to a regulatory filing, the studio will reportedly play an important role in ZOO’s global end-to-end offering for major studios and streaming services, serving international entertainment giants as well as local content creators for Italian-language film and TV content.
Stuart Green, CEO of ZOO Digital, is quoted as saying “Italy is a key dubbing territory for the global media and entertainment industry, and with the addition of our Milan hub into our wider global network, we are well-positioned to meet the evolving needs of major studios and streamers across Europe.”
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“This strategic expansion not only underscores our commitment to the Italian entertainment industry but also reflects our dedication to the global needs of our clients – including the rising demand for authentic, modern dubs of originals and catalog content”, he added.
ZOO announced the acquisition just a fortnight after its latest trading update to investors, in which it signaled an acceleration of its pipeline following months of contraction in media localization demand.
Looking ahead, the London-listed media localizer has told the market that there will be “more exciting announcements as part of ZOO’s dynamic global growth initiative in 2024”, but has not yet revealed further details.
Prior to the May 28, 2024 acquisition, ZOO’s share price dipped from its 52-week high of GBP 61.50 per share, but remained relatively stable upon the announcement of the expansion in Italy. At the time of press, the media localizer’s share price is once again trending upwards towards GBP 59 per share.