Vimeo acquires VHX

Vimeo acquires VHX


May 11, 2016
The video-sharing website Vimeo said that it had acquired streaming start-up VHX for an undisclosed sum. An hence from now on Vimeo will let video-makers set up their own subscription video streaming services similar to Amazon and Netflix with smartphone apps and a website, using Vimeo’s technology. It is to be noted that online talent agency Full screen and video giant YouTube have also launched “premium” services to bolster income and hence analysts state that the video-streaming market has “increasingly crowded”. Even prominent video-makers such as Disney,Showtime and HBO are turning to subscription online video to counter falling cable television revenues, as consumers increasingly reject expensive cable television packages. Amidst all this Vimeo chief executive Kerry Trainor said the online video industry was”expanding from a few, mainstream subscription services into a flourishing world of interest-based streaming channels” and that Vimeo would help establish the “next generation of premium video channels”.Also, the company, which does not publish its earnings, said 1.2 million video purchases had been made on its website since it launched in 2004.

Frequently Asked Questions?

Blockchain is a decentralized, distributed ledger that records transactions across multiple computers. It ensures transparency, security, and immutability in data storage.
AR overlays digital information onto the real world through devices like smartphones or AR glasses, enhancing the user's perception of the environment.
IoT refers to the network of interconnected devices that communicate and share data. It enables smart homes, wearable tech, and efficient industrial processes.
AI involves creating computer systems capable of performing tasks that typically require human intelligence. It includes machine learning, natural language processing, and computer vision.
VR creates a simulated environment that users can interact with. It typically involves the use of VR headsets to provide an immersive experience.
Cybersecurity is the practice of protecting computer systems, networks, and data from digital attacks. It includes measures like firewalls, antivirus software, and encryption.

Join our subscribers list to get the latest news and special offers.