Jump to content

Vimeo legal blunder leads to $10 million fine in Italy


Andrew Reid
 Share

Recommended Posts

EOSHD Pro Color 5 for Sony cameras EOSHD Z LOG for Nikon CamerasEOSHD C-LOG and Film Profiles for All Canon DSLRs

https://www.videomaker.com/news/vimeo-buys-short-film-editing-platform-magisto-for-200m/?fbclid=IwAR3K5meVnUtwVjudvAuUcpiSnGObiRQM3ACFjhIpyUSaBF9_Jka_eZtyovo

 

News has just come out that Vimeo has acquired Magisto, a 100 million user startup focused on creating and editing short videos.

This is a huge purchase for Vimeo. To put it into context, Vimeo in total has 90 million users, compared to Magisto’s 100 million users. So far the terms of the deal haven’t been disclosed yet. Israeli publication Globes is reporting it’s a $200 million deal. However, TechCrunch talked to a source that didn’t deny the figure but did say the deal’s final price won’t be settled on until the deal is officially closed. That should be happening at the end of Q2, according to Vimeo.

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Restore formatting

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

 Share

  • EOSHD Pro Color 5 for All Sony cameras
    EOSHD C-LOG and Film Profiles for All Canon DSLRs
    EOSHD Dynamic Range Enhancer for H.264/H.265
×
×
  • Create New...