For Vimeo, the David to YouTube’s Goliath, the focus moving forward will be on creating and delivering mobile video, according to CEO Kerry Trainor.
“Like many video platforms, we’re focused on where things are going with mobile video,” said Trainor. “One area we see evolving very quickly is mobile video creation, and like Vimeo itself, Echograph took the position of creating a high-quality experience for both creating and viewing.”
Vimeo has also positioned itself as a more high-quality, professional experience than YouTube, which has more volume and traffic, but a vast number of crappy, amateur videos.
According to Trainor, the purchase of Echograph has nothing to do with Vine’s launch into existence. “No, truthfully, it’s really not a reaction in any way,” said Trainor.
Vine was launched out of Twitter at the end of January, and has received quite a bit of attention for being a potential Instagram for video.
But setting Vine aside, Vimeo’s focus on mobile video creation is only rivaled by its focus on monetization. The company already has subscription services, upgraded tools for the upload suite, there is a smaller advertising business working on the site, and Vimeo recently launched a Tip Jar service that lets viewers offer monetary Kudos to projects they like.
Soon, Vimeo will roll out a Paywall option to content creators giving them complete control over what portion of the film can be seen (if any) and how much it costs to get behind the paywall.
In terms of competition, Vimeo doesn’t seem so concerned with matching YouTube’s level of volume. “There’s no part of the model for us that relies on volume of what’s being created,” said Trainor. “It’s more about giving people the tools to empower them to create video.”
Vimeo is a cleanly-designed video sharing website that allows people to publish their videos for public consumption or just for friends and family. Vimeo launched support for high definition video in October 2007, further establishing itself as a leading video hosting platform. The website is owned by the media conglomerate IAC/InterActiveCorp and operated by Connected Ventures.
Kerry Trainor is the Chief Executive Officer of Vimeo. In this capacity he is responsible for the strategy, oversight, and development of Vimeo’s business. Mr. Trainor joins Vimeo from AOL, Inc. (Nasdaq: AOL) where he most recently served as Senior Vice President and General Manager, Entertainment for the Huffington Post Media Group. In this position he oversaw AOL’s portfolio of entertainment properties including AOL Music, AOL TV, Moviefone, Huffington Post Entertainment, Huffington Post Celebrity and Huffington Post Comedy. Prior to AOL,...