SUBMISSIONS OPEN FOR THE SECOND VIMEO® FESTIVAL + AWARDS

New $5,000 Grant 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 and the individuals that 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:

• Fashion: Fashion photographers are exploring creative filmmaking, blurring the line between fashion and art. Designers are able to bring to life and transmit the mood and inspiration behind their collections in much greater detail and with more emotion than with pure stills.

• Action Sports: As lightweight, durable, and mobile wearable HD camera equipment has exploded onto the market, adventurers, athletes, and documentarians can go anywhere and film anything.

• Advertising: With the advent of the web, advertisements have had to become increasingly creative in order to encourage people to actively seek out commercial films as stand-alone entertainment online.

• Lyrical: This category celebrates videos that showcase the natural world or personal experience using a distinct creative style. With innovative filmmaking techniques such as slow motion and time lapse becoming increasingly accessible, these videos have matured into a prolific body of shared, heart-wrenching and thought-provoking windows into other people’s worlds.

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 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® 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).