Vimeo to trial consumer subscription model, fund new content

(Telecompaper) Video sharing website Vimeo is to trial consumer OTT subscription services in competition with Netflix, Amazon, Hulu and YouTube, parent company IAC said. As well as exploiting its existing library of 115 million videos, the company will spend "tens of millions" producing new content and encourage its users to create more original content, IAC said in a letter to shareholders.