Vimeo Acquires VHX
Summary
FinSMEs 04/05/2016 THE PRESS RELEASE VIMEO ACQUIRES OTT SUBSCRIPTION VIDEO PLATFORM VHX NEW YORK, May 2, 2016 – Vimeo, an operating business of IAC [NASDAQ: IAC], announced today the acquisition of VHX, a platform for premium over-the-top (OTT) subscription video channels.“Online video is expanding from a few, mainstream subscription services into a flourishing world of interest-based streaming channels, much like the evolution from broadcast to cable television,” said Kerry Trainor, Vimeo CEO.Only Vimeo offers partners the ability to build catalogs and audience by sourcing programming from Vimeo’s vibrant creator community, and accessing Vimeo’s global ecosystem of over 280M monthly users.– Scalable technology: rapidly launch or migrate SVOD channels in 4K adaptive streaming across mobile, web and TV apps, plus available industry-standard DRM.About Vimeo Vimeo’s mission is to empower creators to make, share and sell amazing videos directly to viewers worldwide, in the highest quality possible with no interruptive advertising.
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