Vimeo, which had been gearing up to launch a subscription VOD service, will no longer proceed with the plans.
“Vimeo has confirmed that it has decided not to proceed in offering a subscription-based original program service scheduled to begin in ’18,” a spokesperson for the company said in a statement.
The news comes just three months after Vimeo hired Alana Mayo, previously VP Production at Paramount Pictures, as VP and head of original development as well as Kesila Childers as director of content development; and Kelly Miller as director of content acquisitions. Their future at the company is uncertain.
The video-streaming service, owned by Barry Diller’s IAC, had been buying and developing full-length scripted series projects, guiding them toward production. I hear it recently started releasing scripts, telling creators and producers it was pulling out of the premium original content space.
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SOURCE: Deadline, Nellie Andreeva