#ThursdayTool - Vimeo
- 20somethingmedia
- Oct 14, 2021
- 2 min read
Updated: Jul 16
Tool Profile
Vimeo
Type of business
Public
Type of site
Video hosting service, Software-as-a-service
Synopsis
Vimeo, Inc is an American video hosting, sharing, and services platform provider headquartered in New York City. Vimeo focuses on the delivery of high-definition video across a range of devices. Vimeo's business model is through software as a service (SaaS). They derive revenue by providing subscription plans for businesses and video content producers. Vimeo provides its subscribers with tools for video creation, editing, and broadcasting, enterprise software solutions, as well as the means for video professionals to connect with clients and other professionals. As of 2021, the site has 200 million users, with around 1.6 million subscribers to its services.
The site was initially built by Jake Lodwick and Zach Klein in 2004 as a spin-off of CollegeHumor to share humor videos among colleagues, though put to the side to support the growing popularity of CollegeHumor. IAC acquired CollegeHumor and Vimeo in 2006, and after Google had acquired YouTube for over US$1.65 billion, IAC directed more effort into Vimeo to compete against YouTube, focusing on providing curated content and high-definition video to distinguish itself from other video sharing sites. Lodwick and Klein eventually left by 2009, and IAC implemented a more corporate-focused structure to build out Vimeo's services, with current CEO Anjali Sud having been in place since July 2017. IAC spun off Vimeo as a standalone public company in May 2021.
Available in
English, Spanish, German, French, Japanese, Portuguese, Korean
Founded
November 2004
Headquarters
New York City, United States
Area served
Worldwide
Founder(s)
Zach Klein
Jake Lodwick
Key people
Anjali Sud (CEO)
Products
Vimeo OTT
Vimeo Livestream
Vimeo Stock
Vimeo Enterprise
Vimeo Create
Vimeo Record
Revenue
Increase 199.4 Million (2020)
Employees
800+ (2021)
Subsidiaries
VHX
Vimeo Livestream
Magisto
URL
Advertising
No
Registration
Optional
Users
200 million
Launched
November 2004
Current status
Active
Comments