Licensing Agreement with Huds

RNS Number : 0974N

Zoo Digital Group PLC

07 June 2010

 



ZOO Digital Group plc

("ZOO" or "The Group")

Licensing Agreement

ZOO Digital, the provider of software and software-led services for the filmed entertainment market, is pleased to announce that it has licensed the highly successful Media Adaptation Tool (MAT) to HudsonYards, the premedia division of The CAPS Group.

ZOO's software solutions have generally been sold directly to external content providers, including the major Hollywood studios. The licensing of these products within the trade represents a significant and unexpected area of new business. 

Stuart Green, CEO of ZOO, commented "We've generally experienced resistance from within the trade, as our tools generate efficiencies that reduce the amount of chargeable work needed in most situations. However, we are increasingly receiving interest from businesses that are accepting that change is inevitable, and are looking to update their client offering using the latest technology. HudsonYards is a significant player in the premedia market, with an exciting new proposition and expanded facilities in Los Angeles. We're excited to be working with them."

Robert Godwin, SVP of HudsonYards Studio City, commented "The marketplace for the supply of color and localized materials is currently undergoing a revolution. We know that several of our entertainment and packaging clients are seeking faster time-to-market as well as cost management, and they will benefit from the integration of MAT into the premedia workflow. We look forward to using the latest technology and being at the forefront of developing new ideas and best practices for these processes."

For further enquiries please contact:

ZOO Digital Group plc	0114 241 3700
Stuart Green - Chief Executive Officer
Helen Gilder - Group Finance Director
FinnCap	020 7600 1658
Marc Young/ Henrik Persson
Threadneedle Communications	020 7653 9850
Josh Royston / Alex White

About ZOO Digital Group plc:

ZOO Digital Group plc is a provider of creative media transformation software and related services. ZOO's products form an integrated suite of desktop applications and on-demand systems that work with printed materials and audio/visual content, adapting these media to different languages, sizes, and technical formats.  ZOO makes this process extremely quick and cost effective and is clearly differentiated in the market.

ZOO's services are built on its proprietary patented software and enable customers to reduce considerably the costs and time to market of regionalized filmed entertainment titles and marketing campaigns across multiple territories and across a wide range of applications and formats, including printed materials, DVD, Blu-ray Disc, video on demand, electronic sell-through and broadcast.  Working closely with language translation partners, ZOO's media adaptation software transforms computer-based workflows through radical process re-engineering and provides clear differentiation for the company's production, consulting and custom development services. 

ZOO is focused on the worldwide creative media production markets and in particular video production for entertainment applications, with customers including major film studios and other producers and publishers of video-based consumer products.

About HudsonYards

Headquartered in Manhattan, HudsonYards has major operations in New York, Nashville, Birmingham, San Francisco and Los Angeles. The company's facilities are equipped with the industry's most advanced digital imaging systems to provide creative retouching, digital imaging, content management and workflow management solutions for advertising agencies and publishers, as well as entertainment and luxury goods clients.

HudsonYards has an extensive client base that includes names such as Grey Worldwide, JWT, Ogilvy, Martha Stewart Living, Hearst Magazines, Meredith Publishing, Newsweek and Showtime Network. HudsonYards is a company of The CAPS Group, one of the largest independent graphic arts services providers in the United States. For more information, visit the HudsonYards website at www.hudson-yards.com

 

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