Vimeo announces $10 million film distribution program

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Vimeo has launched a new $10 million program. The $10 million fund is for films that are distributed exclusively through Vimeo On Demand. Vimeo On Demand was launched a year ago. The services lets creators charge for access to their content.

Vimeo offered $10,000 advances for the exclusive distribution rights to films at the Toronto International Film Festival last fall and announced a $500,000 program for crowdfunded films that debuted at Sundance in January. Hundreds of films signed up for the program.

Vimeo will offer $10 million and services like website development and translation.

[Source: TechCrunch]

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