ZOO Digital (AIM:ZOO) saw its shares rise over 10% in Tuesday morning’s deals after it revealed a new contract with a "major Hollywood studio".
The company, in a statement, told investors it is now operating as a key vendor for a major content producer to support their content localisation needs.
"We are delighted to be chosen to provide our services and technology to another high-profile streaming service,” said Zoo chief executive Stuart Green.
“Our global ZOO teams recognise the challenges of localising premium content for worldwide audiences, and we're thrilled to be able support our client with these."
For contractual reasons, the identity of the new Hollywood client cannot be disclosed, the company said.
Zoo noted that the ZOOstudio product has already been in use at another major studio and global streaming service since 2019 and is a proven solution for delivering localisation at the volume and scale required for an international, multi-language streaming platform.
A significant number of revenue-generating projects are currently under discussion with the new client, though Zoo noted that longer-term contracts have yet to be finalised.
In London, Zoo shares climbed 16.60p or 10.12% to trade at 180.6p in Tuesday’s early deals.