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Vimeo will become an independent company in the second half of 2021
During the pandemic, the platform for watching and downloading Vimeo videos reaches a personal record for the attendance. In this regard, Vimeo plans to become an independent company in 2021. Vimeo is currently owned by the American holding InterActiveCorp (IAC), which manages more than 150 brands.
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IAC expects to reorganize Vimeo in the second quarter of 2021. IAC CEO Joey Levin noted that Vimeo has become a fairly large company that can already become an independent organization. It is believed that such a move could raise additional money for Vimeo. Vimeo raised $ 150 million in November with a valuation of $ 2.75 billion for the company, CNBC reported. At the moment, Vimeo has 200 million users, but the company does not specify whether this is a year or a month. Last month, Vimeo CEO Anjali Sud shared some details:
“Over the past seven months, our service has gained over 30 million new users who have uploaded over 60 million new videos to our service. These indicators exceed the previous ones for three years in total “.
Regarding the reorganization, The Verge quotes Anjali Souda’s comment from the new press release they received: “We are ready for the next chapter of our story and our task, as before, is to improve the functions of Vimeo.”.
Vimeo was founded in 2021 and is today a “professional” alternative to YouTube. Authors who own paid accounts can customize the look of the video player for viewers, set passwords for the video, and enable the channel to be channeled by the team with the distribution of positions.