Danny Zappin's Zealot Acquires Stake in Licensing Firm AudioMicro
Zappin is the founder and former CEO of Maker Studios
Zealot Networks, a digital media firm founded by ex-Maker Studios CEO Danny Zappin, has acquired a majority stake in licensing firm AudioMicro. Terms of the deal were not disclosed.
AudioMicro was founded by Ryan Born in 2007 to build out a collection of user-generated stock music and other audio. Today, the company operates three businesses, including AdRed, which acts as a music licensing platform for YouTube and works with a number of multichannel networks and individual channels. Under the deal Born will retain his position as AdRev CEO and Zappin will join AdRev's board of directors.
Born said the acquisition will drive "further expansion and growth for our company."
Zappin started Zealot in August with $25 million in funding and quickly set up a California beachhead with 3,600 square feet in startup-heavy Venice. He's looking to create a digital-first business that helps online creators distribute content and grow revenue across multiple platforms.
Zappin has been involved in the YouTube and digital content ecosystem for a number of years. He co-founded Maker Studios in 2009 and acted as CEO until his resignation in 2011. He's currently embroiled with Maker (and new owner Disney) over the transition of leadership to current CEO Ynon Kreiz.
"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," Zappin said. "The company will be at the core of our music and entertainment ecosystem."