Twitter To Field Offers For Vine

Vine may live!

Twitter -- parent company of what was thought to be the doomed video app -- is reportedly fielding offers from multiple suitors. As sources tell TechCrunch, a deal could come shortly.

Late last month, Twitter shocked loyal Vine users and advertisers alike with its decision to discontinue the pioneering app “in the coming months.”

Since its debut in 2013, Vine has changed the way millions of users experienced media. Short, snappy and mobile-friendly, many of the video clips shared on Vine have proved irresistible.

More recently, Vine has become something of an afterthought for many young Snapchat-obsessed users. In turn, top “Viners” have taken their talents elsewhere -- but not before demanding that Twitter compensate them for the work.

This year, meanwhile, Madison Avenue sort of forget about the app, as Tina Yip, a strategist at Big Spaceship, recently noted in MediaPost.

Yet, news of Vine’s demise was still startling because of the enormous popularity of video apps in general, and Vine’s still-respectable market share.

Recently, in fact, research conducted by the National Cyber Security Alliance and Microsoft found that 31% of U.S. teens still use Vine -- far less than the 91% who use YouTube, but not far behind the 40% who use Twitter, and more than the 24% who use Tumblr.

What’s more, as Yip at Big Spaceship  tell it, there are (were?) still tons of great opportunities for brands on Vine.

Last month, Melissa Parrish, an analyst at Forrester Research, said the move to shutter Vine made sense in the context of Twitter’s broader video ambitions. “Shutting it down will be a bummer for its loyal users, but it makes sense to take those developers and deploy them on the live video offerings Twitter and its advertisers as excited about,” Parrish said.

Like Twitter itself, the content limits that once made Vine attractive to users became a drag on creativity, over time. This summer, Twitter discussed plans to expand Vine’s clip limits beyond six seconds -- but now that seems too late.

Adult Web site Pornhub is apparently one company with its eyes on Vine, the Independent reported last month.

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