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Stock Photo Company Fotolia Pumps $750,000 Into Stock Music Site AudioMicro

February 1st, 2011 02:06 admin Leave a comment Go to comments

ExclusiveFotolia, 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.

Be quick, this is only for the first 500 TechCrunch readers.

Source: Stock Photo Company Fotolia Pumps $750,000 Into Stock Music Site AudioMicro

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