35 Facts About Vimeo

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 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.

Vimeo was founded in November 2004 by Connected Ventures, the parent company of the humor-based website CollegeHumor, as a side project of web developers Jake Lodwick and Zach Klein to share and tag short videos with their friends.

The name Vimeo was created by Lodwick as a play on the words video and me.

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Vimeo began rolling out a major redesign of its site in 2009 aimed to put the user's focus on the video, which ultimately was completed by January 2012.

From 2008 to 2014, Vimeo had blocked the hosting of video game-related videos as they typically were longer than their normal content and took much of the site's resources.

In December 2014, Vimeo introduced 4K support, though it would only allow downloading due to the low market penetration of 4K displays at the time.

In March 2017, Vimeo introduced 360-degree video support, including support for virtual reality platforms and smartphones, stereoscopic video, and an online video series providing guidance on filming and producing 360-degree videos.

Vimeo acquired VHX, a platform for premium over-the-top subscription video channels, in May 2016, subsequently offering this as a service to its sites customers.

Around 2016, Vimeo had expressed its intentions to enter into the subscription video-on-demand market with its own original programming, with the intent of spending "tens of millions" on content to populate the service as to compete with services like Netflix.

However, by June 2017, Vimeo had scrapped this plan, recognizing that not only that they were far behind Netflix and others in this area but that they had generally had far fewer potential viewers and that their ultimate goal, converting those viewers into customers of the site, would be difficult.

On this move, Vimeo decided to focus more heavily on supporting its content creators and customers, transitioning itself away from being simply a content-hosting or video-sharing website and move into the software as a service model.

Vimeo introduced a number of tiers and services aimed for business use atop their existing services.

In early 2017, Vimeo released collaborative review tools for its users, allowing them to privately share to other users to get feedback tied to individual frames of the video, thus keeping the video creation workflow entirely within the Vimeo service.

Vimeo acquired Magisto, an artificial intelligence -backed video creation service with over 100 million users, in April 2019.

Vimeo would become the 11th company spun-out from IAC following this.

Vimeo was fully spun out as its own entity on May 25,2021, and started trading on Nasdaq under the ticker symbol VMEO.

In November 2021, Vimeo acquired Wirewax, a suite of interactive video tools, and Wibbitz, an AI-based video creation platform.

Vimeo demonstrated the incorporation of Wirewax's interactive tools through a new monthly "Video Matters" video series showing the best videos on the platform.

Just prior to this change, users of Vimeo had reported they had been approached to purchase higher tier accounts, but Vimeo apologized for this approach, and felt it was better to set the flat bandwidth rate.

Vimeo served as CEO until March 19,2012, when Kerry Trainor joined Vimeo as CEO.

Vimeo launched Vimeo Enterprise, a set of tools designed for large organizations that allow users to manage and share live and on-demand video across workspaces, in August 2019.

Vimeo established partnerships with Mailchimp, HubSpot, and Constant Contact marketing platforms to allow their clients to easily integrate Vimeo videos into mail and other promotional campaigns.

Vimeo partnered with TikTok to give TikTok commercial users access to Vimeo's editing tools for video content.

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Vimeo has offered a video on demand service since 2015, allowing its partners to sell Vimeo videos through their websites to their customers.

Vimeo Create was introduced in 2020 to allow users to create videos with the help of artificial intelligence.

Vimeo Record was launched in October 2020 to allow businesses to use recorded video messaging within their company or with their clients to aid in communications.

The Vimeo community has adopted the name "Vimeans, " which references active members of the Vimeo community who engage with other users on a regular basis.

In 2019, enterprise customers were Vimeo's fastest-growing segment in terms of revenue according to Glenn Schiffman, IAC's Chief Financial Officer.

Vimeo launched its Vimeo Festival and Awards program in 2010, and held subsequent events every eighteen months.

Vimeo had established the Festival and Awards to help give video and filmmakers an opportunity to highlight their work on Vimeo's pages and gain potential work from clients.

In 2008, Vimeo launched its Staff Picks, highlighting videos in a special channel as picked by the company's employees as some of the best work by its users.

In 2020, Vimeo invited previous Staff Picks recipients to create videos about their favorite small business owners and the impact of the COVID-19 pandemic as part of its Stories in Place program.

Vimeo was blocked in India in December 2014, due to fears that the website was spreading ISIS propaganda through some of its user-made videos.