Vimeo acquires Livestream and launches new streaming platform

Tech

Vimeo has added live-streaming tools to its video platform for the first time with the launch of . Customers will be able to stream live from anywhere, and videos will be automatically archived when the events are finished. Each live stream video will feature a chat sidebar.

“Live streaming is the No. 1 request from our creator community this year, and we’re focused on bringing a new level of quality, convenience, and craft to this evolving medium,” Vimeo CEO Anjali Sud said in a statement.

The feature, however, will not be that useful to a large portion of Vimeo’s creator community. Sud told Variety that Vimeo Live is “not a consumer-level product,” and that it will cost $75 a month.

In addition to launching Vimeo Live, the…

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