Exclusive – Fotolia, a major online marketplace for royalty-free stock photos, has invested in stock music and sound effects site AudioMicro, TechCrunch has learned.
Fotolia, itself massively backed by private equity firm TA Associates, has injected $750,000 into AudioMicro along with previous backers DFJ Frontier and an angel investor.
Fotolia also owns Flixtime.com, a site that turns photos into videos, and subscription photo service Photoxpress.com, we should note.
Oleg Tscheltzoff, co-founder and chief exec of Fotolia, has joined AudioMicro’s board of directors in conjunction with the investment.
AudioMicro and Fotolia plan to incubate several new projects targeted at specific new content licensing verticals, four of which will be launched by the end of this month according to the information we’ve received. The companies will also collaborate by cross-promoting products and services to their existing customers.
If you’d like to check out AudioMicro yourself, you can use the special promo code “2TechCrunch” while signing up to receive 2 free credits.
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AudioMicro, Inc. operates a network of digital content licensing marketplaces, each targeted at a specific vertical - celebrity photos, stock music, sound effects, and YouTube monetization, as well as a few fun and undisclosed web projects. Founded in 2007 and armed with a world-class engineering team, the Company has grown from a fledgling beta website to 3+ online brands and thousands of happy customers served. AudioMicro, Inc. is venture backed by DFJ Frontier, part of the largest VC network...
Fotolia is a low-priced stock photography site, offering over 16 million images for publishing and advertising, at prices as low as $0.75 per photo. Unlike the two major players in stock photo sales (Corbis and Getty), Fotolia’s images are mostly from semi-pro and amateur photographers, though the photos are of similar quality. Fotolia photographers earn 30%-60% of the sales revenue from their images. In an effort to compete with Corbis and Getty, Fotolia introduced a service called Infinite Collection...
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