Press release from PR Newswire
Vimeo Powers Direct Distribution At The 2013 Toronto International Film Festival With Innovative Offer For World Premieres
Tuesday, September 03, 2013
Vimeo Powers Direct Distribution At The 2013 Toronto International Film Festival With Innovative Offer For World Premieres09:00 EDT Tuesday, September 03, 2013
Each of the Festival's world premieres eligible for an advance to distribute on Vimeo's direct distribution platform, Vimeo On Demand
TORONTO, Sept. 3, 2013 /PRNewswire/ -- Vimeo, in partnership with Toronto International Film Festival®, announced a first-of-its-kind program today offering the Festival's world premieres a $10,000 advance for distributing via Vimeo On Demand. The program requires that Vimeo be the premiere digital window, but gives filmmakers flexibility to combine the Vimeo On Demand offer with traditional distribution including theatrical runs. Vimeo's program is a first for the independent filmmaking community and exemplifies the company's commitment to enabling filmmakers to directly connect with their audiences worldwide.
"Direct digital distribution is gaining momentum every day as both an alternative and a complement to traditional film distribution," said Vimeo's CEO, Kerry Trainor. "Vimeo is focused on empowering filmmakers with the highest quality platform to control the distribution and monetization of their content -- in any territory, on any device, at any time, and across a wide range of price points. Our partnership with the Toronto International Film Festival allows us to test the addition of financial support to the power of the Vimeo On Demand platform."
"Premiering your film at the Toronto International Film Festival now comes with the additional benefit of Vimeo's distribution offer," said Cameron Bailey, Artistic Director of the Festival. "For any independent filmmaker trying to connect with an audience -- and who isn't? -- this is a terrific new opportunity."
Films accepting the open offer will be released from their online exclusivity after a period of 30 days, or as soon as Vimeo recoups the $10,000 advance. After the advance is recouped, Vimeo will provide its industry leading 90/10 revenue split, with 90 percent going to the filmmaker after the deduction of associated transaction costs. Filmmakers will still be able to pursue traditional distribution vehicles as well as other online platforms after the exclusivity window.
Vimeo On Demand provides filmmakers with unprecedented control and flexibility, allowing them to set price, viewing format (stream or download), and geographical availability while allowing the creator to retain full ownership of the film. Moreover, filmmakers will have access to Vimeo's growing audience of over 100 million monthly unique visitors across the full spectrum of connected devices, including desktop, phone, tablet, connected TV and game consoles, all in beautiful HD quality. Since making its debut in March, Vimeo On Demand has grown to a global catalog of over 2,000 titles.
For more information regarding Vimeo On Demand, please visit https://vimeo.com/ondemand
Vimeo® is the high-quality video platform for creators and their audiences. Vimeo's mission is to empower and inspire people around the world to create, share and discover videos. Vimeo has 20M registered members and reaches a global monthly audience of more than 100M. Founded in 2004 and based in New York City, Vimeo, LLC is a subsidiary of IAC (NASDAQ: IACI).
TIFF is a charitable cultural organization whose mission is to transform the way people see the world through film. An international leader in film culture, TIFF projects include the annual Toronto International Film Festival in September; TIFF Bell Lightbox, which features five cinemas, major exhibitions, and learning and entertainment facilities; and innovative national distribution program Film Circuit. The organization generates an annual economic impact of $189 million CAD. TIFF Bell Lightbox is generously supported by contributors including Founding Sponsor Bell, the Province of Ontario, the Government of Canada, the City of Toronto, the Reitman family (Ivan Reitman, Agi Mandel and Susan Michaels), The Daniels Corporation and RBC. For more information, visit tiff.net.
For further information: Kyle Kappmeier, MWW, firstname.lastname@example.org, 201-806-3157