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Israel s Artlist acquires American content asset company for $65M
With the acquisition, Artlist adds a wide array of digital assets to support its 6 million users worldwide. Idan Ben Tovim / 16 Dec 2020 • 2 min read
The company aiming to be every YouTuber’s first stop on their way to fame just made an important step in the right direction: Israeli startup
Artlist announced the acquisition of American startup
Motion Array, a digital assets marketplace platform,
for $65 million. The all cash deal will increase
Artlist’s product offering by half a million new digital stock assets for video creators and filmmakers around the globe.
United-statesIsraelIsraeliAmericanItzik-elbazTyler-williamsIra-belskyMotion-arrayPremiere-proElephant-partnersஒன்றுபட்டது-மாநிலங்களில்Israeli digital catalog co Artlist buys rival for $65m
Artlist is buying US company Motion Array and its stock of 500,000 digital assets.
Israeli company Artlist, which operates a digital catalogue of music and video clips for content providers, announced today that it has acquired a US rival Motion Array for $65 million cash. The acquisition was completed in November through remote negotiations.
Artlist was founded in 2016 as a boot-strapped company by co-CEOs Ira Belsky and Itzik Elbaz together with Assaf Ayalon and Eyal Raz. At first the company focused on music and sound effects and then in 2018 it launched a second site called Artgrid with video clips for use by artists. The company has 130 employees in its offices in Kibbutz Afikim, Ra anana and Tel Aviv. Artlist currently offers 17,000 musical clips, 15,000 musical effects and 100,000 video clips.
Kibbutz-afikimHa-afonIsraelCanadaRaananaHamerkazTel-avivIsraeliAeyal-razCeos-ira-belskyItzik-elbazAssaf-ayalon