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Vimeo Upseats Youtube in Traffic?

IACís Vimeo Climbs to Top of Internet Video Sharing Market

As a fast-growing consumer internet company, Vimeo,LLC provides internet services in the photo, video, and music markets.† Launched in 2004, Vimeo provides a free internet video hosting platform under its parent company IAC (InterActiveCorporation).†

With uploading, storing and sharing capabilities, Vimeo allows people of all skill level to build networks through video. The Vimeo platform gives users the ability to easily design and share their video pages with a high definition resolution and greater development control. Vimeo also touts its ability to offer its users 21,655 content channel pages.

In 2007, Vimeo introduced high definition video into its site, which resulted in boosting its on-line video sharing traffic. ††Today, Vimeo boasts 1,320,438 members with traffic resulting in an average of 13,329 videos uploaded each day.

Competitors include YouTube, Blip.tv, Revver, EatLime, Wuapi, Openfilm, Viddyou, Crackle, and Veoh.

Privately held, Vimeo has offices in Portland and is based in New York.† Vimeo is currently led by Jakob Lodwick. Future plans for Vimeo include widening its current video distribution to reach ipods, iphones and on-game consoles.