Video hosting service Vimeo has announced Vimeo Pro accounts for small and mid-sized businesses. For $199, customers get 50 GB of upload storage and 250,000 plays per year with tiered options for more.

Vimeo Pro is going up against YouTube with high-definition playback, advanced analytics and the ability to add a custom watermark. Businesses can also collect a series of videos they have uploaded onto one page and host these under their own domain name.

One of the big advantages of Vimeo is the videos are encoded using HTML 5 which means that they will play on mobile phones, tablets and connected televisions.

If your business is considering using video as part of their social media plan, check out our 4 Tips for Making Small Business Video.

[Source: Vimeo Pro FAQ, Image credit: shawnzam]