Amazon Purchases Twitch for $970 Million

Amazon Purchases Twitch for $970 Million

In contradiction to earlier rumors and speculations in the past few weeks, Amazon has just purchased online gaming community Twitch TV for nine hundred and seventy million dollars.

This comes at a surprise given the previously suggested involvement of Google in the sale, following foul reactions from many fans and streamers of the Twitch community. An open letter from Twitch CEO Emmett Shear confirms the sale, while also confirming that Twitch has no intention of changing in it’s office, employees, brand or independence.

One could assume the ‘independence’ Emmett mentions was at jeopardy in the hands of Google – hence why no sale was made, as Twitch did not simply want to become part of the Youtube/Google machine, instead electing to choose a partner that would allow Twitch to remain it’s own brand, not merely an asset of a far bigger conglomerate. This is undoubtedly good news for both Twitch and Amazon, and bad news for Google (assuming allegations were correct at the time or at one-point), as it’s clear to see why Google would want to acquire Twitch – in order to create a virtual monopoly of online gaming content, let’s plays and coverage.

The purchase will mean financial stability for three-year-old company Twitch which’ll allow the platform time to grow and expand. Will it be a love affair or a messy divorce? Only time will tell.

AmazonTwitch

logo

Related posts

Pathfinder Second Edition: What You Need to Know

Pathfinder Second Edition: What You Need to Know


Pathfinder Second Edition: What You Need to Know

An exciting rebuild of Paizo's most popular tabletop RPG has been announced. Ten years and one week ago, the people of Paizo Publishing offered up a new direction for fans of pen-and-paper, fantasy role-playing. They released the playtest rules for their flagship product; Pathfinder, and have...

PlayStation Plus To Cease Free Monthly PS3 and PS Vita Games

PlayStation Plus To Cease Free Monthly PS3 and PS Vita Games


PlayStation Plus To Cease Free Monthly PS3 and PS Vita Games

The seventh generation takes one final breath. Starting next year from March 8th 2019, Sony will officially stop providing free PlayStation 3 and PS Vita titles as a part of their monthly games allocation with PlayStation Plus. PS Plus subscribers have been made aware of this via Sony’s...

Nintendo Switch Dev Kits are only $450

Nintendo Switch Dev Kits are only $450


Nintendo Switch Dev Kits are only $450

Nintendo Switch Dev Kits will be less than ten Percent the cost of the Wii U ones.

Street Fighter V and Shadowverse Collab Announced

Street Fighter V and Shadowverse Collab Announced


Street Fighter V and Shadowverse Collab Announced

Japanese Developer 'Cygames' has announced that its collectible card game, Shadowverse, will feature a collaboration with Street Fighter 5 soon.

Influential Namco founder dies at 91

Influential Namco founder dies at 91


Influential Namco founder dies at 91

Masaya Nakamura may not be a household name in the west, but his legacy certainly is. Founder of Japanese gaming giant Namco (recently merged with Bandai to form Namco Bandai), he was responsible for pushing the growth of Namco’s fledgling gaming division in the 1970s and 80s. His biggest...

Japanese Developers Speak Out About the Nintendo Switch

Japanese Developers Speak Out About the Nintendo Switch


Japanese Developers Speak Out About the Nintendo Switch

SEGA, Capcom, Grasshopper Manufacture, Level-5, PlatinumGames and more give their opinions on the Nintendo Switch.

PC Gaming Hardware Market Reaches $30 Billion

PC Gaming Hardware Market Reaches $30 Billion


PC Gaming Hardware Market Reaches $30 Billion

The PC gaming hardware market reached in all-time high in 2016 of $30 billion, measured by the Total Available Market (TAM), which measures the entire revenue across all competitors.

Did Nintendo sell an illegal ROM?

Did Nintendo sell an illegal ROM?


Did Nintendo sell an illegal ROM?

Substantial evidence has emerged that Nintendo has been selling pirated ROMs on the Virtual Console, despite their constant efforts to shut such operations down.

Nintendo Switch Voice Chat will use Smartphone

Nintendo Switch Voice Chat will use Smartphone


Nintendo Switch Voice Chat will use Smartphone

The Nintendo Switch Voice Chat service whilst playing online will somehow run through a smartphone instead of a port on the console or controller.