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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. ....