Vimeo Subscription Service

Vimeo will take on Netflix and Amazon with longer form original content in a subscription service. 

Vimeo, which already has 15 million videos and a billion monthly views from 240 million monthly viewers, will launch a new subscription video service. 

Joey Levin the CEO of Vimeo, said: The goal is to drive “millions of subscriptions and transactions for creators,” while also growing a subscriber base of “millions of customers directly.”

“Vimeo has already spawned a community and marketplace that is producing valuable content, attracting a massive audience and getting consumers to open their wallets. Now we need to fuel this system with marketing, programming acumen, product innovation and the raw energy and unbridled ambition of a disrupting start up to take a share of the $500 billion TV and film market.”