AudioMicro Receives Fotolia Investment
AudioMicro and Fotolia To Partner in Content Licensing Ventures
LOS ANGELES, Feb. 1, 2011 – 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. 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 intend to 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.”
An industry pioneer in licensing music and sound effects through credit-based and subscription packages, AudioMicro acts as a discovery and distribution platform for stock audio content. Its collection of royalty free music, stock music, sound effects, and free sound effects includes over 225,000 tracks of both crowd-sourced and premium, record label-owned content. AudioMicro also operates the Audioo voicemail sharing service. The company is venture-backed by DFJ Frontier. For more information, visit AudioMicro.com.
Over 2 million people prefer Fotolia for affordable, royalty-free images, graphics and HD videos. With the introduction of the Infinite Collection, Fotolia became the first worldwide microstock organization to offer both crowd-sourced and professional images on one site. Founded in New York City in 2004, Fotolia spans the globe with websites in 12 languages and offices in 14 countries. With over 12,000,000 files to choose from, find it on Fotolia. www.fotolia.com
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