AudioMicro and Fotolia To Partner in Content Licensing Ventures
Posted on 2/1/2011 by Jim Pickerell | Printable Version |
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AudioMicro, which offers the world’s largest collection of user-generated royalty free music and sound effects, announced today that it has received an equity investment from Fotolia, Europe’s leading micro stock photo site. Existing investor DFJ Frontier, a West Coast seed and early-stage investor, also participated in the financing, which totaled $750,000. In connection with the financing, Oleg Tscheltzoff, co-founder and chief executive officer of Fotolia, has joined AudioMicro’s board of directors.
Fotolia and AudioMicro will collaborate on new projects, each targeting a different content vertical. They intend to launch four of these projects by the end of next month. Fotolia, which is backed by TA Associates, also owns Flixtime.com, a site that turns photos into videos, and Photoxpress.com, a subscription photo service.
“AudioMicro is a leader in crowd-sourced stock music and sound effects,” said Tscheltzoff. “We’re pleased to partner with them to accelerate their business.”
“Fotolia’s investment and partnership is a great endorsement of our vision, and recognition of the traction we’ve gained,” said Ryan Born, founder and chief executive officer, AudioMicro. “We’re delighted to work with the Fotolia team.”
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Jim Pickerell.
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