Vimeo, possibly the only video sharing website widely known across the globe after YouTube, today announced that it has added live streaming functionality to its platform for the first time. This has been made possible by the company’s acquisition of video broadcasting service Livestream. Vimeo users can now live stream video from anywhere in the world.

As mentioned, this has been made possible by the acquisition of Livestream. Until the deal is closed, Vimeo Live will be a standalone platform. Once the deal closes it will be integrated into Vimeo’s primary platform.

“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,” said Vimeo CEO Anjali Sud.

Vimeo users can now stream video live. Their broadcasts will be archived automatically once they finish. Their live videos will have a chat sidebar so that they can interact with their viewers.

Called Vimeo Live, Sud does point out that the feature isn’t available to all Vimeo users. Actually, the bulk of its user base won’t be able to take advantage of this feature because the CEO says it’s “not a consumer-level product.” Vimeo Live is going to cost $75 per month.

You and I can stick to the myriad of free options that are available now.

Filed in Web. Read more about vimeo.

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