If you use Vimeo for professional purposes, you can now subscribe to an option for live streaming events. Unlike the already well-established competition from YouTube or Facebook, for example, the live streaming offer is not free of charge; the cheapest option (Pro Live) costs 70 Euro per month and offers only a transmission of 5 hours per month with an unlimited number of viewers and 3TB archive storage. For 280 Euro/month (Business Live) unlimited streaming is possible, however, a maximum of five hours at a time, for continuous streamers there is an option for 750 Euro/pM incl. API and much more.
Streaming is free of advertising in max. Full HD 1080p. Cloud transcoding creates multiple streams to be compatible with a variety of devices. There is also a live chat, real-time statistics and personal email support. For live streaming, however, an RTMP video encoder is also required, e. g. Wirecast, Teradek VidiU or NewTek Tricaster -- more information on how the streaming events work can be found at this overview.