By Sahil Patel
StudioNow, a company that offers a marketplace for brands and media companies to connect with talented video producers, has acquired Bluwave Productions.
Financial terms of the deal were not disclosed. StudioNow recently raised $5 million in a Series B round led by FCA Venture Partners.
Based in Florida, Bluwave provides various video-ad production services to advertisers and media companies. The company operates in 22 markets in the Southeast.
Per the deal, Bluwave will now be a wholly-owned subsidiary of StudioNow. Bluwave founder Jim Dalton will join StudioNow as an advisor and key shareholder, while Charlie Bolton will continue in his role as Bluwave’s VP and GM.
Founded in 2007, StudioNow was acquired by AOL three years later, only to be spun-out from AOL last year with help of investor Claritas Capital. The Nashville-based company’s production marketplace offers access to more than 8,000 professionals, including directors, producers, writers, animators, voice actors, editors, cinematographers, and photographers.
Image via StudioNow.com