Zoo Digital warns screen industry disruption will lead to first half loss

Film and TV subtitling specialist Zoo Digital says the Hollywood writers’ strike is continuing to cause problems in its market, leading to significant losses.
The Sheffield-based firm issued a statement ahead of its AGM in which it said subdued demand for its services continued, forcing it to revise expectations that orders may recover next month. As a result, Zoo has halted long awaited plans to acquire a Japanese company which was intended to boost its market position in South East Asia.
Gillian Wilmot, chairman of Zoo said a resolution to the Writers’ Guild of America strikes is essential for its market to return to normal. …