Vimeo Acquires White-label Streaming Service VHX. No wonder everybody wants to do a “Start-up” business … a nice exit strategy awaits for those lucky enough. VHX is a start-up known for its streaming services. Right! I’m going to create a “Start-up” … time to head over to Kickstarter and see if I can get some crowd-funding.
“Vimeo will let video-makers set up their own subscription video streaming services similar to Amazon and Netflix, the firm has announced. The video-sharing website said it had acquired streaming start-up VHX for an undisclosed sum.
Its white-label platform will let people launch their own-brand services, complete with smartphone apps and a website, using Vimeo’s technology. But an analyst said the video-streaming market was “increasingly crowded”.
Prominent video-makers such as Disney, Showtime and HBO are turning to subscription online video to counter falling cable television revenues, as consumers increasingly reject expensive cable television packages. Online talent agency Fullscreen and video giant YouTube have also launched “premium” services to bolster income.”
Source: BBC
