Video Blocks


Website: videoblocks.com
Twitter: @VideoBlocks
Facebook: Video Blocks
Founder: Joel Holland

Overview

VideoBlocks is an online subscription-based service that royalty-free stock video footage including looping motion backgrounds, after effects templates, special effects, production music, and sound effects other media. Subscribers ranging from small ad agencies and local news stations, to freelancers and hobbyists, to larger companies like NBC, ABC, MTV, Paramount, Fox, History, and Discovery pay a monthly fee to download unlimited multimedia clips. [3] Video Blocks uses data mining to find the type of clips that are in highest demand, acquires the distribution rights to the media, and adds it to their growing catalogue. The company also creates its own clips to add to its video library, and hires contractors to shoot specific content for its catalogue. [9]

History

Founded on October 12, 2010 and headquartered in Reston, VA, Video Blocks was founded byJoel Holland. Joel created Video Blocks as an alternative to other companies providing traditional stock media, which are expensive and generally only accessible to large production houses and agencies. During its first year, Video Blocks hired its first employee and brought in $1 million in revenue. In the second year, the company added another employee, and revenue doubled to $2 million. [2] In 2012, VideoBlocks was named the #4 Fastest Growing Media Company by Inc. Magazine, and made the Inc. 500 list. In 2013, VideoBlocks ranked 32nd as the fastest growing tech company in the US/Canada, and the 2nd fastest growing tech company in the DMV by Deloitte for the Fast500. In July of 2014, the company launched AudioBlocks.com, a site offering over 100,000 music tracks, loops and sound effects. [2]

Funding rounds

Funding RoundDatePaper AmountInvestors
Series ASeptember 6, 2012$10.5 millionQED Investors, Updata Partners

References

  1. "JOEL HOLLAND – VIDEO BLOCKS" Bisnow.com February 6, 2015

  2. Joel Holland "Outlook 2015: VideoBlocks' Joel Holland - The year of 4K" Post Magazine December 1, 2014

  3. Eric Blattberg "How VideoBlocks plans to undercut the stock footage market" Digiday.com November 20, 2014

  4. Barry Levine "Videoblocks opens new stock video marketplace, promises videomakers 100% cut" Venture Beat November 20, 2014

  5. Eric Hal Schwartz "VideoBlocks Launches Free Audio App for Everyone" October 14, 2014

  6. Kyle Russell "VideoBlocks Launches Subscription-Based Stock Music Service" Tech Crunch July 17, 2014

  7. Reid Snyder "VideoBlocks Continues Growth, Launches Music Platform" DCInno July 17, 2014

  8. Richard McGill Murphy "Unlimited Videos, On Demand" Inc.com May 28, 2013

  9. Ryan Lawler "With 5M Clips Downloaded, Stock Video Specialist Video Blocks Raises $10.5M From Updata Partners And QED Investors" Tech Crunch September 6, 2012