Vimeo Acquired
Jamie Lang (Hacker News):
Vimeo, once the internet’s most prestigious stage for independent filmmakers and animators, is being acquired by Milan-based app developer Bending Spoons in a $1.38 billion all-cash deal. The sale, expected to close later this year, will end Vimeo’s turbulent run as a public company.
[…]
Bending Spoons CEO Luca Ferrari promised “ambitious investments” in Vimeo’s future, citing enterprise video services and AI-enabled features. But given the company’s track record — including significant staff cuts and restrictions at Evernote and WeTransfer — many in the creative community are skeptical.
Via Manton Reece:
Says something about Vimeo’s decline that I heard about them being acquired not from the tech news websites that I read all the time, but from Cartoon Brew in my RSS reader[…]
Previously:
- Vimeo Returns to Apple TV
- Meetup and IAC Apps Acquired
- Filmic’s Entire Staff Laid Off
- Evernote Acquisition and Layoffs
- Vimeo’s Pivot
3 Comments RSS · Twitter · Mastodon
Evernote and WeTransfer have both been ruined. Didn't know Bending Spoons was responsible for that but RIP Vimeo
Even if they try their damnest, going into "enterprise video services" is not a walk in the park, and I doubt a new comer to the field can even compete. I have no idea who Bending Spoons is, never heard of them, but I doubt they have the technical or business prowess to succeed. RIP indeed. Vimeo used to be the place to put quality 1080p video with a high bitrate, unlike YouTube, which, even today, is a joke in encoding quality and bitrate. But Vimeo pricing has always been prohibitive for small creators, while reach has always been low. So the business model was always going to lose. It's surprising they survived for as long as they have; they haven't been relevant for more than a decade.
My experience trying to watch stuff on Vimeo was that it was always low quality, tiny embed windows, and buff
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