Tag Archives: Twitch

WEEKLY NEWS UPDATE FOR 21ST – 27TH JULY

Headline Of The Week

According to insider reports from VentureBeat, Google’s $1 billion buyout of game streaming service Twitch which was previously hyped up in May is now apparently a done deal.

If the information is correct, it would mean that Google own a serious monopoly on game streaming, having already acquired YouTube in 2006 for $1.65 billion…which in the modern day seems like a bargain. Twitch currently has over 50 million active users; for what it is worth, Twitch has declined to comment on the rumors

I’ll update the story if the purchase is confirmed in the next day or two.
Continue reading WEEKLY NEWS UPDATE FOR 21ST – 27TH JULY

WEEKLY NEWS UPDATE FOR 19TH – 25TH MAY

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Reports earlier this week suggest that YouTube (and thus by extension, Google) are planning to buy the game-streaming company Twitch for a tasty $1,000,000,000. That is all cash up front by the way.

The popularity of Twitch has grown exponentially over the past few years as streaming footage and commentary from games has become a viable way of making a living – indeed, the userbase has swelled from 3.2 million in 2011 to over 45 million people last year. Most recently, both Sony and Microsoft have integrated Twitch streaming into their next gen hardware, and almost every major e-Sports competition is broadcast live on the service.

For getting its foot wedged firmly in the door of the gaming industry, a mere $1 billion must seem like a bargain for Google. The deal is far from settled at the moment though; by owning the two largest online video distributors in the world Google would have a lot to answer for with regards to competitive practices, and it remains to be seen if Google’s more strict approach to copyright would be inflammatory to the carefree attitude to content that Twitch users currently display.

Continue reading WEEKLY NEWS UPDATE FOR 19TH – 25TH MAY