June 7, 2016
Vimeo's Chief Executive Officer, Kerry Trainor, is leaving his position at the video website. He'll remain in an advising role within the company.
The CEO of Vimeo's owner InterActiveCorp, Joey Levin, will serve as interim Vimeo CEO in Trainor's absence.
“After more than four awesome years of growth and evolution, I’ve decided it’s time to step back from Vimeo,” Kerry Trainor wrote in an internal memo today.
Vimeo functions as a sort of high-end YouTube. It's a favorite site for filmmakers and film enthusiasts, and under Trainor's guidance has expanded into original programming under a subscription model. Bloomberg broke the news of Kerry Trainor's exit, offering their own estimation of his impact:
“Under Trainor, the company tripled its monthly users to more than 280 million and has 710,000 paid subscribers. Revenue has grown fivefold, he said, without being more specific. Yet Vimeo has also struggled to win enough attention for original series such as ‘High Maintenance, a comedy about a marijuana delivery guy.”
The creators of High Maintenance left last year after cutting a deal with HBO. While Vimeo isn't competing at the same level as Netflix or Amazon Video, it plans to pour $10 million into additional original programming in this year.
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