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YouTube co-founder planning on launching rival service

YouTube co-founder planning on launching rival service

A lot of noteworthy news came out of SXSW this year, but under all of the chaos YouTube co-founder Chris Hurley revealed that he's planning on launching a new video streaming and sharing service that could rival YouTube. Hurley says he’s about a month away from launching his new platform, and he says the service will "give flexibility for people to work together and create content."

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Vimeo acquires animated GIF app Echograph

Vimeo acquires animated GIF app Echograph

With the popularity of animated GIFs being what it is, it makes sense that companies are wanting in the action. Vimeo, the popular video-streaming service, has announced that it has acquired animated GIF-making app Echograph for an undisclosed amount of money. The company behind the app, Clear-Media will remain on its own -- it's merely just the app that Vimeo is after it seems.

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