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Diller’s Vimeo, Once Left for Dead, Enters Crowded TV Fray

January 6, 2017
BY LUCAS SHAW - BLOOMBERG

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.

Continue reading the original article at BLOOMBERG.

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