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Vimeo Festival + Awards logo

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SUBMISSIONS OPEN FOR THE SECOND VIMEO® FESTIVAL + AWARDS

New $5,000 Grants for Category Winners and $25,000 for the Grand Prize Winner; New Categories Introduced for Fashion, Action Sports, Advertising, and Lyrical Videos

NEW YORK, Dec. 13, 2011 – Vimeo®, an operating business of IAC [NASDAQ: IACI], opened submissions today for the second Vimeo Festival + Awards, which celebrates the most creative and original videos online, as well as the individuals who make them. Vimeo will award Grants of $5,000 to all of the category winners as well as awarding a Grant of $25,000 for the Grand Prize winner.

"Since our inaugural event, we have watched online video explode into a primary medium for new talent discovery," said Jeremy Boxer, Director of the Vimeo Festival + Awards. "More and more creators earn visibility, credibility and, ultimately, work by showcasing their videos online. We created the Vimeo Festival + Awards to celebrate the best of the best of these videos."

Beginning today through February 20, 2012, filmmakers can submit their works for consideration in one of 13 different judged categories. With the continued exponential growth of quality online video, Vimeo is recognizing four new categories:

A full list of the video categories can be found at www.vimeo.com/awards.

An independent jury will judge entries, which includes all of the category winners from 2010 as well as two industry luminaries/experts per category. Vimeo released the following jury members for its newest categories: Stacy Peralta for Action Sports, David Droga for Advertising, Nick Knight for Fashion, and Phillip Bloom for Lyrical. Vimeo plans to release the full jury in January.

Vimeo will accept submissions from December 13, 2011 through February 20, 2012 for a $20 (U.S.) fee per video ($5 for Vimeo Plus and PRO members) at www.vimeo.com/awards. Entrants can submit any original work that premiered anywhere online between July 31, 2010 and February 20, 2012 or any original work that has never been premiered before. All entries must comply with the Official Rules of the Vimeo Festival + Awards. For more information on the Vimeo Festival + Awards, please visit www.vimeo.com/awards.

About Vimeo, LLC

Leading video sharing site Vimeo(R) provides the easiest way for people to host and share their videos in high quality. The site provides great privacy features and inspiring videos from a vibrant, respectful community of creative users who care about how and where they show their work. Launched in 2004 and headquartered in New York, NY, Vimeo offers users a video sharing experience that is both entertaining and easy to use. Vimeo is a 2010 & 2009 Time Magazine Top 50 Website. Vimeo, LLC is a subsidiary of IAC (NASDAQ: IACI).

Media Contacts: Deborah Szajngarten, (212) 524-8776; for U.S. inquires, Sean Hamel, (212) 524-8791; for European Inquires, Nikki Thompson, +44 (0) 7763 632 048; or press@vimeo.com