Tag: Twitch

Amazon To Buy Twitch For $970 million

Internet, Mobile, social media
  Amazon announced Monday it is buying Twitch, a service that lets people watch live streams of other people playing video games, for $970 million. Reports huffingtonpost Twitch, which also lets people broadcast videos of themselves playing and streams professional video-game tournaments, makes money from advertising and from selling subscriptions. The company says that more than 55 million people use its service each month. And those people spend a lot of time on Twitch. According to Vulture, more than half of Twitch's audience spends more than 20 hours per week using the service. R.J. Hottovy, lead consumer analyst at Morningstar, said the acquisition could help Amazon advertise to a new and gaming-savvy group of people. Hottovoy also said Amazon could use Twitch's robust stream...