--- title: "Rhizome pulls 3,000 videos off Vimeo, the first institutional exit since Bending Spoons paid $1.38 billion" description: "The first institutional exit on record from Vimeo under Bending Spoons lands days before the company reports Q3 on November 20. Holders of Nasdaq-listed BSP are underwriting the claim that higher prices and AI-run support outrun customer churn." publisher: "The Inference" section: "Applications" published: 2026-11-14T22:06:21.249Z modified: 2026-11-14T22:06:21.249Z canonical: https://theinference.org/article/rhizome-pulls-3-000-videos-off-vimeo-the-first-institutional-exit-since-bending-spoons-paid-1-38-billion language: en keywords: "Bending Spoons, Vimeo, Layoffs, Video" --- # Rhizome pulls 3,000 videos off Vimeo, the first institutional exit since Bending Spoons paid $1.38 billion > The first institutional exit on record from Vimeo under Bending Spoons lands days before the company reports Q3 on November 20. Holders of Nasdaq-listed BSP are underwriting the claim that higher prices and AI-run support outrun customer churn. Rhizome, the New York archive for new-media art, has [moved more than 3,000 artist videos off Vimeo](https://rhizome.org/editorial/2026/nov/11/were-piloting-video-hosting-for-artists/) [1]. The videos come from the collection of Electronic Arts Intermix (EAI), a nonprofit video-art distributor founded in 1971, and they now stream from a server Rhizome runs on PeerTube, an open-source video platform [1]. Rhizome built that server in 2023, after [Vimeo](https://theinference.org/markets/companies/vimeo) took down one of its commissioned artworks, and it says Vimeo censored EAI in May 2026 [1]. Vimeo has made no public response that this coverage could find. That makes EAI the first institutional exit on record from Vimeo since [Bending Spoons](https://theinference.org/markets/companies/bending-spoons) bought the platform for $1.38 billion in September 2025 [2]. The Milan group, listed on Nasdaq as BSP, [reports third-quarter results on November 20, before the US market opens](https://www.stocktitan.net/news/BSP/bending-spoons-to-announce-q3-2026-pegrn7p6m24p.html) [3]. The claim inside that stock is that customers will stay through [higher prices](https://theinference.org/article/bending-spoons-raised-evernote-s-top-plan-92-to-250-in-the-week-it-took-1-5-billion-of-notes-to-market) and support answered by a language model. One archive leaving is too small to register in a quarterly result. It matters because the reason it left, distrust over how the platform treats unusual videos, reaches revenue only later. ## The staff cuts that lift margins also remove who handles exceptions Bending Spoons buys known software brands and shrinks them [4]. Its IPO prospectus says Vimeo, [AOL](https://theinference.org/markets/companies/aol) and [Eventbrite](https://theinference.org/markets/companies/eventbrite) brought about 1,830 full-time-equivalent staff into the group [4]. Only a few hundred would stay after restructuring [4]. In January 2026, Derek Buitenhuis, a former senior Vimeo engineer, wrote that "[almost everyone at Vimeo was laid off yesterday](https://finance.yahoo.com/news/vimeo-hit-layoffs-acquisition-181913585.html), including the entire video team" [2]. By March 2026, [AI authored or coauthored more than 90% of the group's code changes submitted for review](https://finance.yahoo.com/technology/articles/bending-spoons-buying-internet-business-120000863.html) [4]. Thinner teams and machine-written code lower costs. The same restructuring removes whoever would have looked at a moderation flag on a video and judged it to be art. The company's counter is its own Vimeo ledger, more than 30 product improvements in a single quarter on faster uploads and fewer outages [4]. Those are company-reported figures about the software; they do not say whether customers are staying [4]. ## At Harvest, the playbook already ran against one freelancer Harvest, a time-tracking and invoicing service bought in 2025, shows the same method at the scale of one customer [5]. Its new owner [moved every user to an enterprise plan](https://aphyr.com/posts/), taking one freelancer's monthly bill from $13.32 to $133.98 [5]. When that customer wrote in, a language model replied with thousands of words, because no one reads the mail any more [5]. A model answering routine tickets is fine while a human still owns the exceptions. Harvest shows what happens when nobody does. AI can write the code, set the price and answer the mail; it cannot yet be the reason an archive trusts a platform with half a century of video art. ## November 20 is the first clean test of the claim Group revenue more than doubled in a year, up 126% to $704 million [4]. Growth from businesses it already owned ran at 3% [4]. The company ended June with about $4.09 billion of net debt [4]. The revenue comes from buying companies; whether it compounds depends on customers who were there before each deal. *Chart: **Revenue more than doubled in a year, and organic growth was 3%** Column chart of Bending Spoons quarterly revenue in millions of dollars: $259 million in Q1 2025, $311 million in Q2 2025, $601 million in Q1 2026 and $704 million in Q2 2026* *Quarterly revenue, USD millions, from Bending Spoons' SEC filings; Q4 2025 was not separately reported, so it is omitted. Organic growth excluding acquisitions was 3% in Q2 2026, per company disclosure. [6]* *Chart: **Debt reached $4.9B while cash stayed under $0.8B** Column chart of Bending Spoons debt and cash in billions of dollars: debt rose from $0.389 billion at the end of 2023 to $4.881 billion at June 2026 while cash went from $0.289 billion to $0.793 billion* *Debt and cash at each period end, USD billions, from Bending Spoons' SEC filings. The first three points are year-ends and the last two are quarter-ends; the company did not report these balances for the mid-2025 quarters. Net debt at June 2026 was about $4.09 billion. [7]* On November 20, with the call at 8:00 a.m [3]. ET [3], watch the organic-growth line rather than the margin. It is the first market-moving number since the archive walked out. If organic growth stays near where the second quarter left it, BSP is buying revenue rather than compounding it, and one archive has already shown what an institutional customer does about it. ## Takeaway One archive leaving is too small to move a quarter, but Rhizome's exit is the kind of institutional customer that Bending Spoons' price-and-automate model has to keep, and the November 20 report shows whether any of them stay. ## Sources 1. [Rhizome, "We're Piloting Video Hosting for Artists!", 11 November 2026](https://rhizome.org/editorial/2026/nov/11/were-piloting-video-hosting-for-artists/) 2. [Matt Binder, Mashable via Yahoo Finance, "Vimeo hit by layoffs after acquisition", 23 January 2026](https://finance.yahoo.com/news/vimeo-hit-layoffs-acquisition-181913585.html) 3. [Bending Spoons via GlobeNewswire/StockTitan, "Bending Spoons to announce Q3 2026 results", 6 November 2026](https://www.stocktitan.net/news/BSP/bending-spoons-to-announce-q3-2026-pegrn7p6m24p.html) 4. [Fast Company via Yahoo Finance, "Bending Spoons is buying up the internet. Can its business model last?", 12 November 2026](https://finance.yahoo.com/technology/articles/bending-spoons-buying-internet-business-120000863.html) 5. [Kyle Kingsbury, aphyr.com, "RIP, Harvest", 8 November 2026](https://aphyr.com/posts/) 6. [Bending Spoons S.p.A., quarterly figures from its SEC filings, retrieved 14 November 2026](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0002004711) 7. [Bending Spoons, quarterly figures from its SEC filings, retrieved 14 November 2026](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0002004711) --- Rhizome pulls 3,000 videos off Vimeo, the first institutional exit since Bending Spoons paid $1.38 billion — The Inference. Canonical: https://theinference.org/article/rhizome-pulls-3-000-videos-off-vimeo-the-first-institutional-exit-since-bending-spoons-paid-1-38-billion