WME Bets On Video On Demand

Talent agency William Morris Endeavor recently announced their investment in self-serve video distribution system VHX, which they hope will be the next big thing in the video on demand (VOD) industry. According to the Hollywood Reporter, VHX (still in beta mode) has around 300,000 paying customers already and about $2 million in gross sales. These numbers don't come close to their big league competitors like Amazon and Netflix, but the company has had some interesting and surprising success so far with low-profile and indie distributions. Read more about VHX and WME's investment here.