Tubi’s FAST service - highlighted in Super Bowl ads in Fox’s broadcast this year - claims to have the world’s largest content library with 50,000 titles, as well as more than 200 FAST channels and a slate of originals. For the month of May 2023, Tubi captured 1.3% of total TV viewing minutes in the U.S., per Nielsen, higher than Paramount’s Pluto TV, NBCUniversal’s Peacock and Warner Bros. Tubi is one of the leading free, ad-supported streaming TV services in the U.S., claiming to reach 64 million monthly active users. Tubi is doing things differently in a space that is being imminently disrupted, and that is my kind of opportunity.” The future of streaming TV is free, and I am excited to join the Tubi team to help shape the next wave of entertainment, by giving all people access to all the world’s stories. Sud commented, “We are witnessing a seismic shift in where and how content will be consumed, and I believe that Tubi can become the destination for the next generation of audiences. Sud holds a bachelor’s degree in finance and management from University of Pennsylvania’s Wharton School and an MBA from Harvard Business School. She is a designated Young Global Leader of the World Economic Forum and serves on the board of directors of Dolby Laboratories and. Prior to Vimeo, Sud spent four years with Amazon in various business development, merchandising and marketing positions and before that worked at Time Warner as an associate on its M&A team. “As Tubi continues to scale and solidify its momentum as the most watched free TV and movie streaming service in the U.S., she is the perfect candidate to lead Tubi into a new era of creativity, growth and market leadership.” “Anjali is a highly accomplished executive in the technology and media industry with a passion and track record for strategic disruption and authentic leadership,” Cheesbrough said in announcing her hire. Under Sud, Vimeo has undertaken employee layoffs and made other cost-cutting moves to improve its financial profile. Learn more at spent nine years at New York-based Vimeo, originally serving as VP of global marketing before assuming oversight of the creator business unit and getting promoted to CEO in 2017. We proudly serve our growing community of more than 300 million users - from creative storytellers to globally distributed teams at the world’s largest companies. We enable anyone to create high-quality videos to connect better and bring ideas to life. Vimeo (NASDAQ:VMEO) is the world’s most innovative video experience platform. Adam is an active startup investor and advisor in several companies including dbt, Cribl, Tailscale, and Buildkite. In 2013 Adam sold Cloudconnect, a company he co-founded, to Heroku, a Salesforce subsidiary, and later served as CEO of Heroku, expanding the business from self-serve to enterprise. Vimeo reaffirms its second quarter and fiscal year 2023 outlook for revenue and adjusted EBITDA, and will provide a full update on its second quarter results in its upcoming earnings report after market close on August 1 and live Q&A session on August 2.Īdam is a SaaS and enterprise software veteran, having started two companies, and held senior roles at high growth, industry-leading companies including Salesforce and Dropbox. “I am excited for Adam and for Vimeo to benefit from his experience and leadership.” “I believe deeply in the company’s strategy, team, and future success, and will continue to be an enthusiastic supporter for every moment of what comes next,” said Anjali Sud. “Having spent the last two years working closely with the executive team and the details of the business, I’m thrilled to step into this role to accelerate and streamline the company’s strategy in making video a key part of how every business communicates with its customers, employees, and partners.” “Video is becoming central to how businesses operate, and Vimeo’s proven experience and technology have earned it a leading role in this rapidly expanding opportunity,” said Adam Gross. “We are grateful for Anjali’s impact over nine years at the company and a pivotal era of transformation at Vimeo, and I have no doubt she’ll continue to do big things.” Schiffman, Vimeo’s chairman of the board. I look forward to partnering closely with him and Vimeo’s seasoned leadership team as we focus on the significant opportunity ahead,” said Glenn H. “As an experienced executive, SaaS veteran and trusted member of Vimeo’s board since 2021, Adam brings a deep understanding of Vimeo and is well-placed to oversee the continued execution of the company’s strategy. Effective September 1, board member and seasoned SaaS executive, Adam Gross, will step in as interim CEO while the company initiates a search for a permanent replacement. NEW YORK, J(GLOBE NEWSWIRE) - Vimeo (Nasdaq: VMEO) announced today that after nine years at the company, Chief Executive Officer Anjali Sud will be departing to pursue a new opportunity.
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