Vimeo, the IAC-owned user-generated video site with 15 million members that competes against YouTube and others like DailyMotion, is getting down to the business of making money, and to that end it today announced that it would be appointing Mark…
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“Anyone who has seen me write about Aereo in the past knows that I think Aereo is one of the most over-hyped companies in this space in a long time. [See: 'Barry Diller’s OTT Service Aereo Is Dead On Arrival'] Their CEO keeps talking about how Aereo is disrupting the traditional broadcast TV market even though as of May of last year, the company announced they had only 3,500 subscribers, many of which were still under the 90-day trial period. And in August of last year, someone inside IAC told me Aereo had less than 2,000 paying subscribers, a number I still have yet to see Aereo dispute.”
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On Friday, Capitol Records and other big record labels asked a judge for a summary-judgment win in a lawsuit against the popular user-generated video website Vimeo, owned by Barry Diller’s IAC/Interactive Corp.
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“Television networks seeking to dismantle a startup that delivers over-the-air broadcasts via the internet want to know what the hell Barry Diller, the chairman of the IAC/InterActiveCorp media empire, was thinking when his company invested $20.5 million in to a legally questionable startup called Aereo.”
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On Tuesday, Barry Diller introduced a new company and service called Aereo that will offer consumers in the NYC area the ability to get live broadcast TV stations via the Internet, with DVR in the cloud, for a subscription fee of $12 a month. Unfortunately for Barry’s IAC/InterActiveCorp, who invested $20.5M in the company, this is going to be another example of an executive bringing a product to the market, simply because of their ego. Aereo has no shot at succeeding let alone disrupting the current cable and satellite market like they imply.
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Barry Diller’s IAC is testing the waters on a partial exit of Vimeo, according to two sources familiar with the situation. The company is hoping to raise a $50 million round of funding in conjuncti…
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IAC’s video sharing site Vimeo now offers a pro product aimed at small and medium-sized businesses that want to host video without paying hundreds of dollars a month to do so.