Royalty-free music company and Epidemic Sound rival Artlist acquires digital assets marketplace Motion Array for $65m
December 15, 2020
Motion Array’s video capabilities and technology tools, along with its video template options, will allow Artlist to expand its digital stock media portfolio for video creators and filmmakers.
The deal comes just six months after global investment giant KKR led a $48m investment in Artlist, which is a royalty-free music and sound effects company that licenses content to creators on YouTube and other platforms.
Israel-based Artlist, via its Artgrid product, also offers users a large catalog of stock footage (video clips).
Through this purchase, Artlist says that it will reach more than 6 million users worldwide and grow its catalog by more than half a million stock assets.
Artlist Acquires Motion Array for $65M to Expand Its Digital Catalog and Technology
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Artlist, the industry-leading digital content licensing provider, announced today its acquisition of
Motion Array, a digital assets marketplace platform, for $65 million. Motion Array s video capabilities and technology tools, along with its versatile video template options, will allow Artlist to expand its digital stock media portfolio for video creators and filmmakers. The move comes on the heels of a $48 million dollar funding round in early 2020, led by global investment firm KKR and existing investor, Elephant Partners.
Artlist s acquisition of Motion Array marks a significant step towards the company becoming a comprehensive creative stock solution for video creators. Founded in 2013, Motion Array has over 40 employees and has developed an all-in-one subscription-based creative marketplace and technology solution for video creators, focuse