You'll never believe what Amazon picked up for nearly $1 billion
By Catholic Online (NEWS CONSORTIUM)
8/25/2014 (2 years ago)
Catholic Online (www.catholic.org)
Defeating tech rivals Google and Yahoo, Amazon purchased the live-streaming gaming network Twitch for $970 million in a move announced late on August 25 which is the largest deal in Amazon's 20-year history.
Tech giant Amazon purchased the live-streaming gaming network Twitch for $970 million, beating out several rival competitors including Google.
LOS ANGELES, CA (Catholic Online) - The firm raised $20 million in funding in September 2013 from game publisher Take-Two Interactive Software and firms including Bessemer Venture Partners and Thrive Capital.
Twitch's format lets viewers message players and each other during live play, and has gained interest as one of the fastest-growing segments of digital video streaming. Which has attracted even more advertising dollars.
More than 55 million unique visitors viewed more than 15 billion minutes of content on Twich in July alone.
"Broadcasting and watching gameplay is a global phenomenon and Twitch has built a platform that brings together tens of millions of people who watch billions of minutes of games each month," said Jeff Bezos, chief executive of Amazon.
Investors noticed Twitch's rapid growth, up from 3.2 million players when it initially launched in 2011. Some of its most-followed players take in six-figure salaries through a 50-50 split in advertising revenue, $5 monthly subscriptions to live-streaming channels, and even spontaneous donations from fans.
"We're keeping most everything the same: our office, our employees, our brand, and most importantly our independence," Emmett Shear, CEO, said in a blog post. "But with Amazon's support we'll have the resources to bring you an even better Twitch."
Copyright 2017 - Distributed by THE CALIFORNIA NETWORK
Pope Francis Prayer Intentions for MAY 2017
Christians in Africa. That Christians in Africa, in imitation of the Merciful Jesus, may give prophetic witness to reconciliation, justice, and peace.
Some people see faith and science as being at odds. They find it astonishing that the Church can embrace investigation into questions of ... continue reading
The Pew Research Center has just published a major report on the future of work, jobs, and capitalism in the face of new technology and ... continue reading
Robots are beginning to appear in public, the first generation that will share our public spaces. As they begin to appear, designers must ... continue reading
A diminutive species of hominid, known as a "hobbit" lived in Indonesia some two to 1.5 million years ago. New research suggests they ... continue reading
Scientists are hopeful the search for Malaysia Airlines flight 370 will be renewed following tests that show the plane is likely in a new, ... continue reading
by Catholic Online
- First US female genital mutilation case tries to use Religious ...
- 26 Coptic Christians BRUTALLY MURDERED on bus to St. Samuel Monastery ...
- Daily Readings for Saturday, May 27, 2017
- 26 Coptic Christians dead after heinous attack HD Video
- St. Augustine of Canterbury: Saint of the Day for Saturday, May 27, 2017
- A Big Thank You from JESUS IS - The Series HD Video
- Catholic Hostages: Filipino Cardinal prays for Islamic militants to ...
- Day 5 - Novena to the Holy Spirit for a New Pentecost for the Church HD
- Day 4 - Novena to the Holy Spirit for a New Pentecost for the Church HD
- Day 3 - Novena to the Holy Spirit for a New Pentecost for the Church HD
- Daily Reading for Wednesday, May 31st, 2017 HD
Copyright 2017 Catholic Online. All materials contained on this site, whether written, audible or visual are the exclusive property of Catholic Online and are protected under U.S. and International copyright laws, © Copyright 2017 Catholic Online. Any unauthorized use, without prior written consent of Catholic Online is strictly forbidden and prohibited.