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Vimeo CEO Anjali Sud on Why They Gave Up Trying to Imitate Netflix’s SVOD Model

September 6, 2017
BY Variety - Todd Spangler

Less than a year ago, Barry Diller and his senior team at IAC still believed they could successfully launch a version of Netflix for indie programming. The idea: to springboard a subscription-video package off the company’s Vimeo service, which attracts some 240 million viewers each month and has been pumping out internet video since 2004.

But the company suddenly pulled the plug on the venture in June after coming to the realization that building anything close to a Netflix model wouldn’t come cheap.

Continue reading the original article at Variety.

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