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.