Danny Zappin’s Zealot Networks Takes Majority Stake in AudioMicro
The company, which describes itself as a “digital-first media company and growth accelerator that empowers creative entrepreneurs and talent, delivering multi-platform revenue, distribution, and growth opportunities,” has bought a majority stake in content licensing firm AudioMicro.
Financial terms of the deal were not disclosed, though a source claims the deal was in the neighborhood of $20 million. Zealot Networks itself is backed by some $25 million from Zappin and a crew of former Maker executives and talent.
If you’re not too familiar with AudioMicro, it’s the parent company of AdRev, which is best known for helping music owners find and — if they want to — monetize their content on YouTube. Overall, AdRev offers services to help content owners distribute, license, and monetize music, videos, and photos. AdRev recently acquired DashGo, a service that lets labels and publishers distribute, market, and license music content across digital retailers, subscription streaming services, and digital radio.
Following the acquisition, AudioMicro will continue to be overseen by its existing executive team, which is led by founder and CEO Ryan Born.
“AdRev has created a whole new model for monetizing music, video, and photo rights and will support Zealot as part of an infrastructure for managing a multi-vertical, multi-platform network on YouTube and beyond,” said Zappin, who is also joining AdRev’s board of directors, in a statement. “The company will be at the core of our Music + Entertainment ecosystem.”
DH Capital served as an advisor on the deal.Tags: Acquisitions, AdRev, AudioMicro, Danny Zappin, digital distribution, Licensing, maker studios, music, Zealot Networks