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ZOO Digital moves into black
Los Angeles and Sheffield, UK-based ZOO Digital, maker of Who Wants to be a Millionaire video games, posted its first ever profit after strong demand for its DVDs.
The AIM-listed DVD technology firm said profit before interest, tax, depreciation and amortisation came in at £0.4m in the six months to 30 September compared with a loss of £0.6m before. Revenue more than doubled to £3.24m.
The recently launched Media Adaptation Tool already contributing 15% of revenue generated in the period.
CEO Stuart Green said, "it has been our strategy to focus on the major film studios and home entertainment industry. We are finding that our fundamental offering of reducing costs and time to market is proving very attractive in the current economic environment to a wide variety of businesses, both inside and outside the entertainment industry. We are confident that we now have the right platform on which to continue building during the second half of the year."
Story filed 05.01.09
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