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How to Get Rid of the Upload Date in Vimeo

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Video hosting platform

Vimeo, Inc.
Vimeo Logo.svg
Type of business Public company

Blazon of site

 Video hosting service, Software-equally-a-service
Available in English language, Spanish, German, French, Japanese, Portuguese, Korean
Traded as
  • Nasdaq: VMEO
  • Russell 1000 component
Founded November 2004; 17 years agone  (2004-11)
Headquarters

New York City

,

Us
Area served Worldwide
Founder(s)
  • Zach Klein
  • Jake Lodwick
Key people Anjali Sud (CEO)
Products
  • Vimeo OTT
  • Vimeo Livestream
  • Vimeo Stock
  • Vimeo Enterprise
  • Vimeo Create
  • Vimeo Tape
Acquirement Increase 199.iv One thousand thousand (2020)[1]
Employees 800+ (2021)
Subsidiaries
  • VHX
  • Vimeo Livestream
  • Magisto
URL www.vimeo.com
Advert No
Registration Optional
Users 200 1000000[ii]
Launched November 2004; 17 years ago  (2004-11) [3]
Electric current condition Active

Vimeo, Inc. ([4]) is an American video hosting, sharing, and services platform provider headquartered in New York Metropolis. Vimeo focuses on the delivery of loftier-definition video across a range of devices. Vimeo'southward concern model is through software every bit a service (SaaS). They derive revenue past providing subscription plans for businesses and video content producers. 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. As of 2021, the site has 200 million users, with around 1.6 million subscribers to its services.

The site was initially built past Jake Lodwick and Zach Klein in 2004 every bit a spin-off of CollegeHumor to share sense of humour videos among colleagues, though put to the side to back up the growing popularity of CollegeHumor. IAC caused CollegeHumor and Vimeo in 2006, and after Google had caused YouTube for over United states$1.65 billion, IAC directed more attempt into Vimeo to compete against YouTube, focusing on providing curated content and loftier-definition video to distinguish itself from other video sharing sites. Lodwick and Klein somewhen left past 2009, and IAC implemented a more corporate-focused structure to build out Vimeo'south services, with current CEO Anjali Sud having been in place since July 2017. IAC spun off Vimeo as a standalone public company in May 2021.

History [edit]

Initial growth from CollegeHumor (2004–2009) [edit]

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.[5] The idea for a video-sharing site was inspired after CollegeHumor received a big number of views from a posted video prune of the October 2004 Saturday Night Live bear witness that included Ashlee Simpson's infamous lip-syncing incident.[6] The proper name Vimeo was created past Lodwick as a play on the words video and me.[6] Equally CollegeHumor was drawing in audiences, Vimeo was put to the side while Lodwick and Klein focused on supporting the primary CollegeHumor site. Vimeo's user base grew only by a small amount during the next few years principally by word-of-mouth.[5]

IAC, endemic by Barry Diller, acquired a bulk ownership of Connected Ventures in August 2006, as they were drawn by the success of CollegeHumor which was bringing around 6 million visitors a month at the fourth dimension.[7] In reviewing the assets of Connected Ventures, IAC discovered the Vimeo property; this came at the aforementioned time that Google had purchased YouTube for United states of america$i.65 billion in October 2006.[five] [8] Past the start of 2007, IAC had directed Lodwick, Klein, and Andrew Pile to piece of work on Vimeo total time and aggrandize its capabilities.[five] To differentiate themselves from YouTube and other video sharing sites that had appeared since Google's buy, Vimeo was focused on the content creator with better upload tools, and amend curation of content on the site rather than on popularity.[5] By Oct 2007, Vimeo was the offset video sharing site to offering loftier-definition content to users via Flash-based high-definition video playback.[5] [9] While IAC's acquisition of Connected Ventures helped to target Vimeo's management, the corporate nature of IAC created issues with many of the original staff of CollegeHumor and Vimeo.[6] Lodwick was planning to exit the company almost the cease of 2007, equally he said that IAC'due south incorporation of business processes hampered their inventiveness, simply was fired a few weeks earlier that indicate.[ten] Klein left in early on 2008.[11]

Developing high-definition content delivery (2009–2017) [edit]

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 Jan 2012. The new version was aimed to feature the video playback as the central focus of the design, contrasting with the numerous user interface elements that YouTube had within its layout at the time.[12] 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'southward resource. Vimeo did allow machinima videos with a narrative structure. The ban was lifted by October 2014.[13] [fourteen]

In Dec 2014, Vimeo introduced 4K back up, though it would only let downloading due to the low market penetration of 4K displays at the time.[15] Streaming of 4K content launched the following year, along with adaptive bitrate streaming support.[16] In March 2017, Vimeo introduced 360-caste video back up, including support for virtual reality platforms and smartphones, stereoscopic video, and an online video series providing guidance on filming and producing 360-caste videos.[17]

Support for High-dynamic-range video up to 8k was added in 2017,[eighteen] and AV1 encoding in June 2019.[19]

Transition to a software provider (2016–2019) [edit]

Vimeo acquired VHX, a platform for premium over-the-meridian subscription video channels, in May 2016, later on offer this as a service to its sites customers.[20] Vimeo acquired the existing service Livestream in September 2017 to eternalize its associated staff and technology, eventually integrated its streaming technology every bit Vimeo Live, another service offer for its service subscribers equally Vimeo OTT.[21]

Around 2016, Vimeo had expressed its intentions to enter into the subscription video-on-demand market place with its own original programming, with the intent of spending "tens of millions" on content to populate the service as to compete with services similar Netflix. According to IAC CEO Joey Levin, some of the original programming would have been from content creators already on Vimeo, paid for their material to be used on the service, thus reducing their own costs in producing content in comparing to Netflix.[22] However, by June 2017, Vimeo had scrapped this plan, recognizing that not but that they were far backside Netflix and others in this area only that they as well had generally had far fewer potential viewers and that their ultimate goal, converting those viewers into customers of the site, would be hard.[23] CEO Anjali Sud also said they knew they did not accept the financial resource to compete with Netflix in terms of creating original content.[24]

On this move, Vimeo decided to focus more heavily on supporting its content creators and customers,[25] transitioning itself away from being but a content-hosting or video-sharing website and movement into the software as a service model.[26] Co-ordinate to Sud, Vimeo saw that the need for online video services had shifted away from Hollywood productions and media producers and was gaining more traction by large businesses, and but as Vimeo had originally drawn attention from indie filmmakers at its get-go, they saw an opportunity to assist with smaller businesses needed video sharing capabilities merely lacking the resources to develop those internally.[25] The company introduced a number of tiers and services aimed for business use atop their existing services. Vimeo no longer considered itself a competitor to YouTube or other video-sharing sites, and instead chosen itself "the Switzerland for creators", co-ordinate to Sud. Creators were immune to copy and share their videos to any other video-sharing site as long as they continued to use Vimeo's video editing tools for preparing their creations.[27] 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.[28]

Vimeo caused Magisto, an artificial intelligence (AI)-backed video creation service with over 100 million users, in April 2019. While the deal's terms were not disclosed, the buy was reportedly valued at $200 million.[29] Through the acquisition, Magisto's staff were brought into Vimeo, and their existing userbase gained admission to Vimeo'due south toolset. For Vimeo, they saw Magisto's technology helpful for smaller businesses that may not have the funds or skills to product professional person videos and could be aided by Magisto's technology.[30] [27] By February 2020, Vimeo launched Vimeo Create, the integration of Magisto's tools into the Vimeo platform to let its users easy create videos guided by AI agents from stock video footage offered by Vimeo and the users' ain sources.[31]

Transition to a standalone public company (2020–present) [edit]

In November 2020, spurred by growth in Vimeo'south services due to the COVID-19 pandemic, IAC raised US$150 one thousand thousand for Vimeo in anticipation of spinning off the subsidiary as its ain visitor,[2] giving Vimeo a US$2.75 billion valuation. IAC formally announced plans to spin off Vimeo as a public-owned company in Dec 2020, with the process expected to close by the second quarter of 2021. Vimeo would become the 11th company spun-out from IAC following this.[32] [33]

Another round of investment in January 2021 brought an boosted The states$300 meg, raising its total valuation to an estimated U.s.a.$five billion.[34] Vimeo'due south shareholders agreed to going public on May 14, 2021.[35] The visitor was fully spun out as its own entity on May 25, 2021, and started trading on Nasdaq under the ticker symbol VMEO.[36]

In March 2022, Vimeo appear that it would brainstorm limiting bandwidth to all users to 2 terabytes per month, a rate they estimate would touch just 1% of all its users. But prior to this change, users of Vimeo had reported they had been approached to purchase college tier accounts, only Vimeo apologized for this arroyo, and felt information technology was amend to set the apartment bandwidth rate. Going over this rate would not affect whatever videos the user had on the service, and they would work with users to offering tiered options or to assist transition off Vimeo to other services if that was their choice.[37]

Corporate affairs [edit]

Leadership [edit]

After the departures of Lodwick and Klein, IAC brought in a more than corporate construction to the company. By January 2009, Dae Mellencamp joined IAC every bit general manager of Vimeo.[38] She served every bit CEO until March 19, 2012, when Kerry Trainor joined Vimeo every bit CEO.[39]

Around 2016, several high-level executives announced their departure from Vimeo, including Trainor. IAC's CEO Joey Levin was named every bit interim CEO for Vimeo during its search for a new CEO.[twoscore] After a twelvemonth-long search, IAC promoted then general managing director Anjali Sud every bit the CEO.[25] [41]

Product offerings and revenue structure [edit]

In dissimilarity with other video-sharing sites, Vimeo does not apply any advertising either on its pages or embedded in videos.[42] [5] Instead, Vimeo sells its services and products to content creators for revenue as a software as a service (SaaS) model.[43] The site offers a free tier of services, limiting uploads to 500 megabytes a week and with a cap on total data, while paid subscriber tiers, first introduced in 2008,[44] give the user higher weekly upload allowances and greater storage capacity.[5]

Starting around 2016, Vimeo has as well shifted towards supporting businesses through its offerings. In September 2016 it introduced a Concern tier plan to allow for intra-business collaboration every bit well as for businesses to host informational videos for their customers.[45] With the acquisition of Livestream in 2017, Vimeo added another tier for Premium subscribers, offer unlimited uploads and streaming events through Vimeo Live.[21] Vimeo launched Vimeo Enterprise, a set of tools designed for big organizations that let users to manage and share live and on-demand video across workspaces, in August 2019.[46] Vimeo established partnerships with Mailchimp, HubSpot, and Constant Contact marketing platforms to allow their clients to easily integrate Vimeo videos into postal service and other promotional campaigns.[47] Vimeo also partnered with TikTok to give TikTok commercial users access to Vimeo'southward editing tools for video content.[48]

In addition to subscriptions, Vimeo has other acquirement streams through additional services to its customers. Creators could sell access to individual videos since 2013, and later could offering subscription-based admission in 2015, with Vimeo taking a 10% cut of the sales.[49] Vimeo has offered a video on demand service since 2015, allowing its partners to sell Vimeo videos through their websites to their customers.[50] Via its VHX acquisition, Vimeo offers an over-the-acme media service (OTT), Vimeo OTT, which Vimeo subscribers can use to create custom mobile apps to provide on-demand video to the app'southward subscribers, with Vimeo handling the subscriptions, billing, and content delivery.[24] [51] In 2018, the site launched Vimeo Stock to allow content creators to offer videos equally stock footage to be used by others.[52] [53] Vimeo Create was introduced in 2020 to let users to create videos with the assistance of bogus intelligence.[31]

To further promote Vimeo every bit a home for professional video support, Vimeo opened a "For Rent" chore market in September 2019, allowing companies seeking professional video services to freely mail job requests for the site's users to browse and reply to.[54] Vimeo Record was launched in Oct 2020 to allow businesses to use recorded video messaging within their company or with their clients to aid in communications.[55]

Customer size [edit]

By December 2013, Vimeo had attracted more than 100 million unique visitors per month, and more 22 one thousand thousand registered users.[56] At this fourth dimension, fifteen percentage of Vimeo's traffic came from mobile devices.[57] As of February 2013, Vimeo accounted for 0.11% of all Internet bandwidth, following far behind its larger competitors, video sharing sites YouTube and Facebook.[58] The community of Vimeo includes indie filmmakers and their fans.[59] The Vimeo customs has adopted the name "Vimeans," which references active members of the Vimeo community who engage with other users on a regular ground.[60]

In 2019, enterprise customers were Vimeo'southward fastest-growing segment in terms of revenue according to Glenn Schiffman, IAC'due south Primary Fiscal Officer.[46] [61] [42] CTO Marker Kornfilt said they had nearly 1 meg subscribers as of April 2019, making up a majority of the firm's US$160 million almanac revenue.[62] This had grown to over 1.2 1000000 past March 2020,[63] and over US$200 one thousand thousand in annual acquirement,[64] The site had also obtained 175 million registered users by Apr 2020.[64] and over 200 million by Nov 2020 attributed to increased use of Vimeo due to the COVID-19 pandemic.[2] [33]

Prior to going public, the company had about 1.6 million paying subscribers.[35]

Events [edit]

Vimeo launched its Vimeo Festival and Awards plan in 2010, and held subsequent events every eighteen months. The Festival allows video creators to submit their films for a small fee for consideration beyond multiple categories. Typically more than than v,000 videos are submitted, and these are narrowed to a field of 1,000 for select judge-panel to vote for winners across multiple categories. This culminates with a live awards presentation showing thewinning films in each category. Each category winner carries a cash prize and an overall best-in-show prize. Vimeo had established the Festival and Awards to help requite video and filmmakers an opportunity to highlight their work on Vimeo's pages and gain potential piece of work from clients.[65] [66] [67]

In 2008, Vimeo launched its Staff Picks, highlighting videos in a special aqueduct equally picked by the company's employees as some of the best work past its users.[68] This characteristic was expanded in 2016 to give special accolade to videos that the staff felt were "Best of the Month" and "Best of the Year", as well as adding Staff Selection Premiere for newly added videos to the Staff Picks channel.[69] In 2020, Vimeo invited previous Staff Picks recipients to create videos about their favorite pocket-sized concern owners and the bear on of the COVID-xix pandemic as part of its Stories in Place program.[70]

Impacts in other countries [edit]

Equally of March 2021, Vimeo remains blocked in China.[71]

Starting May 4, 2012, the site was blocked in India by some ISPs nether orders from the Department of Telecommunication, without whatever stated reasons.[72] [73] 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.[74] However, on Dec 31, the site was unblocked in India.[75]

On January 9, 2014, Vimeo is blocked in Turkey without clear reasons.[76]

In May 2014, Tifatul Sembiring, Indonesia's then-Communications Minister, said on his personal Twitter account that video sharing site Vimeo would be banned. Citing Republic of indonesia's anti-pornography police force, passed in 2008, the government minister said the site included displays of "nudity or nudity-similar features".[77]

Legal cases [edit]

In January 2019, the Commercial Court of Rome determined that Vimeo's video-hosting platform played an "active office" in copyright infringement and the posting of Italian television programs owned past media conglomerate Mediaset. Afterwards Vimeo declined to remove over 2,000 copyrighted videos at the request of Mediaset, the company was forced to pay $9,700,000 in penalties.[78] [79] [lxxx]

In 2009, Capitol Records/EMI sued Vimeo for copyright infringement based on user-uploaded videos, which Vimeo dedicated on the basis of the Digital Millennium Copyright Act (DMCA) safe harbor provisions under 17 U.S.C. § 512. Two rulings at the Southern District of New York in 2013 ruled primarily in favor of Vimeo, and the Second Circuit issued a Vimeo-favorable ruling in 2016.[81] Back at the district court, Vimeo won some other favorable ruling in May 2021.[82]

In June 2019, California pastor James Domen, founder of the "ex-gay" ministry Church United, sued Vimeo after the website, in 2018, removed 89 of his videos for violating its content guidelines. The videos expressed opposition to homosexuality and advocated so-called "conversion therapy".[83] [84] A federal court dismissed Domen's suit in 2020,[84] [85] and the Second Circuit Court of Appeals affirmed the dismissal in 2021.[86]

After its conquering of Magisto, Vimeo was sued by the state of Illinois in September 2019 for violations of the state'south Biometric Data Privacy Act (BIPA). The class-action suit alleged that Vimeo, via Magisto's software, had automatically scanned and tracked specific individuals in the videos uploaded through the service, identifying their gender, age, and race, without prior consent as required by BIPA.[87] Vimeo asserted that the technology but used motorcar learning to identify areas in videos that equated to human being faces, and that "Determining whether an area represents a human face or a volleyball does not equate to 'facial recognition'."[88] Vimeo besides affirmed that they, via Magisto, "neither collects nor retains whatsoever facial data capable of recognizing an private".[88] Currently, the example remains awaiting in federal district court later Vimeo lost a bid to effort to settle the conform.[89]

See also [edit]

  • Comparison of video hosting services

References [edit]

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External links [edit]

  • Official website Edit this at Wikidata
  • Business data for Vimeo:
    • Google Finance
    • Yahoo! Finance
    • Bloomberg
    • Reuters
    • SEC filings

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Source: https://en.wikipedia.org/wiki/Vimeo

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