1/15/2024 0 Comments Vimeo plus plan![]() ![]() ![]() Since then, the division has changed its name to IBM Cloud Video and h as moved to position itself as an enterprise video platform w ith higher pricing. In early 2016, IBM purchased live streaming video provider UStream for around $130 million. ![]() This type of move is familiar to those who follow the online video industry. Vimeo uses the Livestream technology to position itself as an upscale video streaming provider for advanced broadcasters. Vimeo currently offers an OTT service for media businesses that are launching their own streaming service. However, Livestream’s plans are geared more towards broadcasters with greater needs. Today, both platforms are still owned by Vimeo, and they both offer VOD and live stream hosting. After the a cquisition, Vimeo kept its original platform for VOD hosting, and the new “ Vimeo Live ” service was priced separately from the on-demand video service. Previously, the platform only offered VOD hosting. In September 2017, Vimeo announced that it was acquiring Livestream. These plans offer additional storage space and more features at an additional cost. Business plans are available for users with greater needs. Vimeo offers a basic plan with highly limited storage space for free. Today, Vimeo is a video on demand platform with users that are mostly filmmakers, graphic designers, artists, and the like. However, Vimeo quickly pivoted to focus on the creative market. Originally, Vimeo was designed to be a consumer-grade video hosting provider, and the service soon grew in popularity, serving as an early competitor to YouTube. Since video files are bulky, they can be difficult to send over text or email, so an online streaming platform posed the perfect solution. The creators were looking for a way to share videos with friends. Vimeo was launched in 2004 by a group of filmmakers. The History of Vimeo Vimeo has been an active player in the video streaming space for nearly two decades.
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