https://www.recode.net/2017/8/2/16086880/vimeo-subscription-video-service-explanation-iac-barry-diller-joey-levin

Vimeo spent years insisting that it was going to launch a subscription video service just like Netflix, YouTube and many others. Then, in June, IAC’s video unit abruptly announced that it wasn’t going to do that, after all.

What happened? IAC never formally explained, but it was relatively easy to guess: IAC’s Barry Diller and his lieutenants decided that it would be really expensive to compete with Netflix, YouTube and many others.