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Vimeo, an operating business of IAC, has confirmed the acquisition of VHX, a platform for premium OTT subscription video channels. The acquisition strengthens Vimeo’s leading marketplace for consumers to access high quality programming direct from creators worldwide. Terms of the deal were not disclosed.
“Online video is expanding from a few, mainstream subscription services into a flourishing world of interest-based streaming channels, much like the evolution from broadcast to cable television,” said Kerry Trainor, Vimeo CEO. “Vimeo is home to the world’s leading video creators and the viewers who love them, and we’re excited to add VHX’s team and technology to our streaming marketplace. As the video universe continues to unbundle, Vimeo offers the ideal home for the next generation of premium video channels serving passionate global audiences.”