IAC’s Vimeo to Battle Netflix, Amazon with Deal for VHX

Financial Times: Vimeo, the on-demand online video platform, has acquired VHX, adding a subscription capability that could help it compete with larger players including Netflix and Amazon. VHX makes technology that allows publishers and individual creators to sell subscriptions to their work. The deal, for an undisclosed sum, will allow video creators who use Vimeo to charge a regular fee for their channels, rather than just sell or rent out individual videos to its 280 million viewers.