![]() ![]() “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 Vimeo CEO Kerry Trainor, in a statement. ![]() VHX’s website says that it had 9,321 titles on sale, and had seen over a million paid transactions.Īccording to Vimeo, the aim with the deal is to now take Vimeo’s over-the-top solution to studios, agencies, domestic and international broadcasters, and existing subscription services looking for a lower-cost solution. Its OTT platform had around 30,000 active subscribers to 100 SVOD channels, notes Variety. The company took a leap into mobile at the beginning of the year, with new capabilities for publishers to launch their own custom apps. It had developed a video distribution platform that let creators sell their work online, via their own websites – basically, everything that used to be sold via DVD whether TV shows, live concert footage, comedy specials, educational content, etc., VHX could now help to distribute. ![]() VHX was founded by Jamie Wilkinson and Casey Pugh in 2010, according to CrunchBase, and had raised $10.25 million from investors including Comcast Ventures, Lerer Hippeau Ventures, Union Square Ventures, and others. Deal terms were not revealed, but Vimeo will bring on the entire 22-person VHX team, including co-founders and a large number of biz dev employees, as a part of the acquisition. Vimeo, which has been moving over the past several months to further invest in its original content and creator community, announced this morning it has acquired VHX, a company providing a platform for premium over-the-top subscription (OTT) video channels. ![]()
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