Vimeo Acquires Livestream

  • After scrapping its plans to launch its own subscription on-demand service, Vimeo announced that it was planning to acquire Livestream
  • Livestream currently hosts 10 million events a year and has 10,000 paying subscribers with nearly 50 million monthly viewers
  • In the announcement, Vimeo also disclosed that it was introducing Vimeo Live, its first live streaming service