Spike Lee, George C. Wolfe Named to Vimeo Board Ahead of IAC Spinoff

Spike Lee, George C. Wolfe Named to Vimeo Board Ahead of IAC Spinoff

4/1/2021 11:33:00 PM

Spike Lee, George C. Wolfe Named to Vimeo Board Ahead of IAC Spinoff

The company says it expects to complete the spinoff in the second quarter of 2021.

Among the board members: Film directors Spike Lee (Da 5 Bloods) and George C. Wolfe (Ma Rainey's Black Bottom), who will join a board that also includes multiple IAC executives, technology investors, and finance executives. IAC CEO Joey Levin will be the chairman of Vimeo's board.

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IAC announced its intention to spin off the Vimeo business late last year, valuing it at $2.75 billion. “Vimeo has been part of IAC for 14 years, growing into a strong industry leader ready to stand on its own,” said Levin in a statement. “Hard to believe that what started as a small team inside College Humor is now positioned to become a big public company with a world-class Board of Directors. Vimeo represents the best of IAC – a long-term investment with a product that delights users in a large and growing market, an incredible management team, and big ambition.”

Read more: Hollywood Reporter »

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