Vimeo
Image courtesy: Vimeo

Vimeo has experienced massive growth during the COVID-19 pandemic. So much so, Vimeo is becomings its own standalone public company as a video streaming platform.

Vimeo has been owned by the tech and media holding company, IAC, almost since its inception. IAC believes it’ll be able to complete the spinoff of the platform in the second quarter of 2021. According to IAC CEO Joey Levin, “It’s time for Vimeo to spread its wings and become a great independent public company.” Essentially, by becoming its own company, Vimeo will be better able to raise money for sales and product investment.

Boosting business in the pandemic

In total, imeo has 1.5 million paying subscribers, 200 million users, and more than 3,500 enterprise customers. Additionally, the platfrm was profitable in Q3 and grew revenue 44% since last year.

Advertisement

8 Tips for Making a Stellar First Video

Free eBook

Free

8 Tips for Making a Stellar First Video

Free eBook

Free

Thank you! Your free eBook will be sent to you via email


“In the last 7 months we’ve welcomed over 30 million new members, seen over 60 million new videos created and uploaded, and powered millions of live events that went digital for the first time — more than the prior 3 years combined,” Vimeo CEO Anjali Sud wrote last month.

New features coming

In November, Vimeo raised $150 million. Vimeo CEO Anjali Sud said the money raised will help the platform build more tools for teams and enterprise users. Additionally, it will be used to more rich live events features and add more third-party integrations. Sud mentioned other new tools as well.

“We’re ready for this next chapter and focused on making video far easier and more effective than ever before,” Sud said.

Image courtesy: Vimeo

2 COMMENTS

  1. Vimeo’s streaming platform and apps are the biggest rip off and I hope they go out of business soon. They want over $40K a year, 2 year commitment and there are so many other companies doing it cheaper and better, U-screen, Lighthouse and others. Let’s stop making doing promotions for them and kissing their butts when there are much better and cheaper options out there. They have been screwing people and charging outrageous prices for so long and now, their days are over and I won’t miss them at all. Do some articles on the whole SVOD market now which has grown and is huge and much cheaper so you can truly be of service with your audience. Check out Uscreen and Lighthouse for your next article.

  2. I have been using Vimeo to put our church services online for eight years. I have been very pleased with Vimeo and their prompt responses to my requests for help. During this pandemic, when our choir and praise team haven’t been able to get together, we have used recordings from our Vimeo archive along with new single person recordings by our pastor to provide virtual worship online. Therefore, I feel the above comments to be false, inaccurate, and completely unjustified. I have just purchased a Mevo Start camera because of it’s compatibility with Vimeo and am considering upgrading my Vimeo subscription to include livestreaming.

Comments are closed.