Vimeo's Wirewax Acquisition and the Interactive Video Revolution
What does the Vimeo and Wirewax acquisition mean for the future of interactive video?
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Video content has brought forth an era where interaction is critical to engaging audiences
Marketers have recognized the potency of interactive videos, with 47% citing them among the top three video types for engagement. This trend is only set to grow stronger in the coming times.
Recently, Vimeo, a prominent video platform, made waves by acquiring Wirewax, an interactive video platform. This strategic move promises to enhance Vimeo's capabilities, introducing features like a user-friendly drag-and-drop interface and integrating "shoppable" videos, a hallmark of Wirewax's offerings.
This acquisition marks a significant shift, signaling the normalization of interactive video in mainstream media. It hints at a future where interactive elements within videos become a standard in marketing strategies.
But what exactly defines interactive video?
It's a departure from the conventional passive viewing experience. Interactive videos allow direct engagement in a landscape where grabbing and maintaining audience attention is fiercely competitive. Platforms such as Clixie and Wirewax empower users to embed interactive elements like buttons, hotspots, and questions within videos, ensuring viewers watch and comprehend the content and take desired actions. These features elevate videos, creating personalized, immersive experiences that maximize Return on Investment (ROI).
Statistics underscore the potency of interactive videos: 43% of consumers prefer them over static videos, boasting completion rates nearing 90%. These numbers firmly establish interactive videos as a trend that's not just a passing phase but an evolving norm in the realm of video content.
Vimeo's move to invest in Wirewax reflects the realization that the landscape of video consumption is rapidly evolving. While Vimeo initially focused on delivering high-quality video creation and sharing, the surge in interactive video's prominence prompted the need for integrating such technology to align with evolving viewer expectations and industry trends.
In the current content landscape, where videos reign supreme (constituting 82% of internet traffic), integrating interactive elements becomes pivotal for businesses to stand out. Clixie's extensive interaction data from millions of viewers underscores the effectiveness of personalized experiences and audience data utilization—achievable solely through interactive video formats.
The acquisition of Wirewax by Vimeo is a testament to industry giants acknowledging the potential of interactive videos. As this technology steadily integrates into marketing strategies, leveraging interactive videos becomes imperative to drive engagement and action.
While Wirewax isn't the sole interactive video solution compatible with Vimeo, Clixie is another option. Clixie's platform offers a 25% discount on CORE and ENTERPRISE plans when videos are self-hosted on platforms like Vimeo. This grants access to Vimeo's premier video platform and an affordable and robust interactive video solution. Moreover, Clixie's pricing, starting at $19/month, contrasts starkly with competitors like Wirewax, where a single video could cost up to $8,000.
Ready to explore the potential of interactive videos with Clixie AI?
Kickstart your journey with a 14-day free trial, or request a personalized demo with one of our experts to witness firsthand the seamless integration of Clixie with Vimeo, YouTube, Webex and, more!.
What's Included in the Free Interactive Video Trial Offer:
- Access to a library of interactive video examples across various industries.
- Tools and resources for creating your free interactive video.
- Expert guidance and best practices to maximize your results.
Clixie is your one-stop shop for an interactive video app, providing a full interactive video solutions.
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