Vimeo launches its first live-streaming product & announces plan to acquire Livestream

Vimeo launches its first live-streaming product & announces plan to acquire Livestream

Vimeo, the video platformed owned by IAC, announced yesterday it is acquiring Livestream and has launched its first-ever live video product, Vimeo Live. “We’re focused on bringing a new level of quality, convenience and craft to this evolving medium,” says Vimeo CEO Anjali Sud, noting that live streaming has been the top request from the creator community during the past year. With the acquisition of Livestream, Vimeo says creators will be able to capture, edit, stream and archive live events, in addition to hosting, distributing and monetizing video content. Founded in 2007, Livestream offers both a platform to broadcast and production tools for live video content. According to Vimeo’s announcement, nearly 50 million viewers watch “hundreds of thousands” of live events per month via Livestream. The company’s client list includes organizations like Spotify, the Philadelphia Eagles and Dow Jones.

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Vimeo, the video platformed owned by IAC, announced yesterday it is acquiring Livestream and has launched its first-ever live video product, Vimeo Live.

“We’re focused on bringing a new level of quality, convenience and craft to this evolving medium,” says Vimeo CEO Anjali Sud, noting that live streaming has been the top request from the creator community during the past year.

With the acquisition of Livestream, Vimeo says creators will be able to capture, edit, stream and archive live events, in addition to hosting, distributing and monetizing video content.

Founded in 2007, Livestream offers both a platform to broadcast…

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