Film localisation services provider Zoo Digital (LON: ZOO) was hit by the directors’ and writers’ strikes in Hollywood. The latter dragged on and although it has ended film and television productions have been further delayed. That means that there will be a higher than expected loss in 2023-24.
The share price recovered when there was an agreement with the actors’ union, but last month’s warning led to a slump to 33.4p, which is below the low during the strike. The share price has fallen by 49% so far this year, having declined by 63.2% during 2023.
There has been a slower than expecte...
