Vimeo is a great place to see stunning videos. Itâs not a great place for the people who make those videos to make money.
So, hereâs an attempt to change that: Barry Dillerâs video site is rolling out a âtip jarâ feature, which is exactly what it sounds like: Video makers will have the chance to ask for donations, payable via credit cards and PayPal, after their clips have run.
And next year, the IAC-owned site will offer a feature that takes the opposite strategy: Content owners will be able to put up a pay wall and charge viewers before they see the clips.
Vimeo will take a 15 percent cut of all the tip jar donations. It hasnât figured out what its revenue split will be for pre-video payments. But itâs going to have to be no more than the now-standard 30 percent that Apple gets from its partners.
This isnât revolutionary stuff, by any means â" you can find tip jars and pay walls all over the Web. But it is part of Vimeo CEO Kerry Trainorâs plan to build up the companyâs revenue, which is primarily limited to subscription services it sells to pro-am video makers. Those customers make up a very small segment of the 75 million users that visit Vimeo each month.
How about ads? That works, to some degree, for nearly every other video site on the Web. But other than a few discrete banners, and one-offs like this awesome, interactive Old Spice thingy that ran last month, Vimeo doesnât do ads â" no pre-rolls, no mid-rolls, no overlays.
Thatâs nice for users, but it means that Trainor canât do what YouTube, Hulu, et al, do, and share ad revenue with content makers. That might change one day: Trainorâs background is in advertising (at Yahoo, a digital magazine start-up, and AOL), and he says heâs open to ads if he can figure out how to make them work without wrecking the site. But it doesnât seem to be a focus right now.
cheech color2 1280Ã720 from Vimeo Staff on Vimeo.
[Shutterstock/Robyn Mackenzie]
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