INTERVIEW - Zoo Digital targets foreign markets for growth

By David Brett

LONDON (Reuters) - British digital media group Zoo Digital is targeting overseas markets such as Bollywood to continue growth in its core business after doubling its revenues last year, CEO Stewart Green told Reuters on Monday.

Green said he sees the company building on the reputation it has established with some of Hollywood's major players.

"At the moment we're primarily focused on the studios in North America but in due course we'll look to expand our territorial reach," said Green.

Zoo, whose software has been used to create marketing material and audio-visual content for home entertainment product on blockbusters such as 300 and Enchanted, said it has benefited from the economic downturn by aiming for studios where market changes have led to an urgency to lower costs.

"There's so many different business units within these organisations that there is significant opportunity to cross-sell and that's one of the reasons we've demonstrated significant growth throughout the year," Green said.

Zoo reported a pretax profit for the year to March 31 of 200,000 pounds ($329,500), compared with a loss of 1.9 million pounds in 2008, with revenues rising 100 percent to 6.6 million pounds.