Entertainments slump hits ZOO

0
Have your say

ZOO Digital, the Sheffield-based creative media production software and services group, is expecting to make operating losses of $800,000 (£494,000) at the end of what it says has been a tough year for the home entertainments industry.

The Furnival Square group, which made an operating profit of $1.5 million (£926,000) last year, says it expects turnover for the year to have fallen from $13.8 million (£8.5 million) to $11.2 million (£6.9 million) when it announces its results for the year to the end of March 2012.

Chief executive Stuart Green said: “We are pleased to report a stronger second half of the financial year. 2011 was a very difficult year for the home entertainment industry due to the significant changes that have taken place in consumer markets.

“The innovation and diversification within our business has helped ZOO to broaden its offering into complementary markets and we believe that the business is in a strong position to take advantage of growth in a number of areas.”

ZOO’s software is used to produce multilingual versions of DVDs and Blu-ray discs, packaging and promotional material for global markets and was expanded last year to include eBooks.