Vimeo Raises $150 Million Amid Record Revenue Growth, Eyes Spinoff From Parent IAC

In IAC’s third-quarter earnings report, CEO Joey Levin told investors that Vimeo–one of numerous IAC subcompanies–has seen dramatic growth this year due to theCOVID-19 pandemic. Vimeo was once intended to compete with YouTube as a hub for user-generated content, but in recent years has pivoted to offering turnkey tools for various aspects of digital video, including livestreaming and screen recording, editing, distribution, storage, and monetization.

Source: Vimeo Raises $150 Million Amid Record Revenue Growth, Eyes Spinoff From Parent IAC – Tubefilter

RightsTech Extra

AI Companies Get the Picture

By Paul Sweeting

One of the biggest challenges facing copyright owners in grappling with the rapid development of generative AI technology, apart from a murky legal status, has been market failure, as discussed here in previous posts. The amount of existing material needed to train gen-AI models is so great, and so varied, that gauging the value of any one piece of it to establish a market price for it for licensing purposes is often effectively impossible. One group of rights owners is finding willing buyers among AI companies, however. An active, albeit for various reasons mostly sotto voce market has begun to emerge for the use of images held in large photo archives and by photo agencies and social media platforms, complete with per-unit industry and at least a nod toward creator attribution... Read More >>

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