Vimeo is trying to disrupt the video stock library market. And the contributors get to keep 60-70 percent of the revenue generated from their clips, which is nearly double the average industry cut of 35 percent.
So, not only can you store your videos on Vimeo, you can also let others watch them and buy the clips if they want to use them for their own edits. For me, this came quite unexpectedly, but with the quality of the stock and the amount of contributors they already have, it'll surely be a force to be reckoned with.
According to the press release, they want to "empower the creators to tell exceptional stories." And by doing this, they are disrupting the concept of having stock libraries and content platforms as separate entities.
The clips will be available in 150 countries at $79 for HD clips and $199 for 4K clips. If you have a Vimeo account, you can purchase the stock footage, and if you are a paying member, you'll get 20 percent off your purchases. The stock will be hand-selected and will be cleared for commercial use and licensed as royalty-free.
If you're interested in getting your stock uploaded, it's unfortunately by invite only, but you can make contact and hopefully be selected. If you'd like to find out more, you can check out the site here.