The video platform has announced a new service called Vimeo Live

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Vimeo has announced that users will be able to live stream their content with a new service called Vimeo Live.

The video platform also announced an agreement to acquire Livestream, a leading live video solution.

Once it has acquired the software, it will be integrated into Vimeo to let users capture, edit and stream live events.

CEO Anjali Sud said: “Live streaming is the number one request from our creator community this year, and we’re focused on bringing a new level of quality, convenience and craft to this evolving medium.

“With the launch of Vimeo Live and the addition of Livestream’s impressive team and innovative product suite, we can empower a diverse range of creators to produce beautiful live experiences with professionalism and ease.”

What will the Vimeo collaboration with Livestream offer users?

The company claims that creators will be able to broadcast their live events in full 1080p, with the ability to support 4K on archived live videos. This should help avoid the sometimes grainy video issues that arise with live streaming online but, of course, this depends on internet connection.

Vimeo also claims that the tool will give creators the ability to see who is viewing their footage. This could help commercially if you’re working to film an event as well as if you’re a YouTuber trying to promote your content widely.

One of the key selling points of video platform has always been that it’s ad-free, which might suit your business model more than alternatives.

However, these services will be available at a cost, with ‘PRO Live’ giving you five streaming hours per month for £70 per month and ‘Business Live’ giving you unlimited hours for £280 per month.

With free alternatives available on other social media platforms like YouTube, Periscope and Facebook, it will be interesting to see how Vimeo’s alternative will do. Let use know below whether you see yourself using the platform.