*By Conor White*
Anjali Sud, the CEO of Vimeo, seemed comfortable Wednesday with carrying the huge expectations placed on her by the video-sharing website's owner, the media conglomerate IAC.
"We've invested a lot in our product and technology, we've launched a lot of new features, we're seeing our growth accelerate," said Sud at the Collision Conference in New Orleans. "We plan to exceed $100 million in revenue this year, and so I say bring it on."
At 34, she is the youngest chief executive at any of IAC's companies. And her corporate bosses have declared that Vimeo is IAC's "big bet" for 2018. Despite all the hype surrounding Vimeo, Sud told Cheddar's Kristen Scholer the company won't be stretching beyond its core competency.
"We're not investing in original content. There's billions of dollars being invested in that content," said Sud. "We don't think that's a problem that isn't being solved elsewhere, and we're really focused on the other side of that coin, which is the creators who are creating that content."
Vimeo recently launched a Mac OS tool, making it easier for creators who use Final Cut Pro to publish their content.
For more information, [click here](https://cheddar.com/videos/vimeo-leaves-content-wars-behind).
Alia Kemet, vice president of creative and digital at McCormick, joins Cheddar News to discuss Frank's RedHot releasing an edible NFT ahead of the Super Bowl.
A new analysis shows that sales in the metaverse real estate land topped $500 million in 2021. The recent surge in sales came as a result of Facebook's decision to rebrand itself as Meta in hopes to focus more on the metaverse. According to investors and analytic firms, those numbers could jump even higher and reach a billion bucks by 2025. Ceo of Republic Realm, Janine Yorio, joined Cheddar to discuss more.
In January alone, the gaming sector has seen three major acquisitions. Yesterday, Sony added to the flurry of M&A activity in the gaming space, snatching up game developer 'Bungie' for $3.6 billion dollars. Renee Gittins, executive director at the International Gaming Developers Association, joins Cheddar News to discuss.
Google’s philanthropy arm, Google.org, recently announced a $10 million grant for the AARP Foundation to aid in teaching digital skills to low income older workers. As the implementation of hybrid work expands, a greater emphasis is being placed on helping workers 50 years old and up — especially among women and people of color — to be digitally literate in order to keep the workplace generationally diverse. Lisa Marsh Ryerson, president of the AARP Foundation, joined Cheddar News to talk about the curriculum of the partnership. "Those of us who are 50 and older are not digital natives, so we do have a learning curve that we have to address," she noted.
AT&T announced earlier today it is spinning off its media properties in WarnerMedia in a merger with Discovery in a $43 billion deal.Scott Rostan, founder and CEO at Training The Street, joined Cheddar to talk about what the unwinding of the telecom giant's Time Warner media properties means for investors. "I think the investor sentiment is they're digesting the new information, and they're looking into the dividend, especially the reduction of the dividend," said Rostan, noting the transaction allows AT&T to focus on its core telecommunications business.
