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How A Young Outsider Turned Failing Vimeo Into A Billion-Dollar Company Jamel Toppin for Forbes By Seven years ago, Vimeo had Hollywood dreams. The internet video outfit owned by Barry Diller’s IAC had found a niche hosting flicks for artsy filmmakers who didn’t want their works to be tossed into YouTube’s unruly, ad-driven stew. But it was a tiny, money-losing business with annual revenue under $40 million. Vimeo was pinning its hopes on the booming streaming business, betting it could leverage its relationship with creatives to build a subscription service to rival Netflix, Amazon Prime and HBO. It hired studio execs from Para­mount and Hulu and signed distribution deals with Lionsgate, CBS Interactive and Spike Lee for content to stock the new service.

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