Kerry Trainor, Vimeo CEO, said the company most definitely plans to start a subscription-based service. This announcement was made not long after Susan Wojcicki, YouTube CEO, announced the company is considering launching an ad-free, subscription based, YouTube service.
Vimeo does not currently run ads, and already has already been running a subscription-based service called “Vimeo Plus” which offers video-makers additional options, storage space, and tools for all their video creation needs for the last 6 years. On top of that, Vimeo also has a Video on Demand service which has been running for almost 2 years where video creators sell and rent their own productions. Vimeo currently has approximately 170 million unique users per month – their Video on Demand service apparently bringing in the most profit.
This news comes after a string of similar announcements by various companies, most notably HBO and CBS. It is unconfirmed as of yet, but there are likely to be geo-restrictions on this service, just as there are on most. If the Vimeo streaming service does not become available in your region, don’t forget to click here and find out how to access it from anywhere in the world.