US-based Vimeo is to pump US$10 million (€7.2 million) in new funding into its on-demand service to aid content creators to work with the platform.
Vimeo launched its Vimeo One Demand service a year ago and CEO Kerry Trainor described the new investment as a “broad expansion of resources to support creators”.
This will include expanding its crowdfunding programme by allowing filmmakers who have raised more than US$10,000 to access extra support, invest further in its film festival initiative, increase title and catalogue acquisitions and offer new grants to distributors and filmmakers.
The platform offers original independent films from a variety of creators and currently has 22 million registered users.
ICYMI: Samsung becomes latest to dive into cloud gaming digitaltveurope.com/2021/10/27/sam… https://t.co/OP7CWpCszb
27 October 2021 @ 20:28:00 UTC
ICYMI: Jessica Rosenworcel named as FCC chair digitaltveurope.com/2021/10/27/jes… https://t.co/5mEGZANaPu
27 October 2021 @ 19:29:00 UTC
ICYMI: @Discovery promotes Anil Jhingan to president & MD, APAC digitaltveurope.com/2021/10/27/dis… https://t.co/WdVYd8odZn
27 October 2021 @ 18:30:00 UTC
#PayTV still high in US but cord-cutting is having impact digitaltveurope.com/2021/10/27/pay… https://t.co/mqdXJuclv5
27 October 2021 @ 16:35:00 UTC
Roku announces measurement partnership with Nielsen digitaltveurope.com/2021/10/27/rok… https://t.co/Rn5sKYlX23
27 October 2021 @ 15:34:00 UTC
