Diller’s Vimeo, Once Left for Dead, Enters Crowded TV Fray
- Video-sharing site opening checkbook to create new shows
- Vimeo to spend ‘real money’ on shows for first time: IAC CEO
Barry Diller
Photographer: Scott Eells/BloombergThis article is for subscribers only.
When Barry Diller’s IAC/InterActiveCorp bought comedy website CollegeHumor in 2006, the deal included an asset the billionaire had little use for at the time: Vimeo.
The video-sharing site, which predates YouTube, is now the fulcrum of Diller’s plan to join the crowded online-TV market. Vimeo will soon introduce an on-demand video service akin to Netfix and Hulu, and is lining up TV shows and staff it hopes will convince people to cough up a monthly fee for yet another TV subscription.