Amazon Buys Twitch TV For One Billion Dollars
Hot off the press from Phoenix Genesis, it has been officially confirmed that Amazon has acquired Twitch for approximately 1 billion dollars. Back in June during E3 Expo 2014, there were rumors that Google was going to snatch the live streaming video giant that was home to game capture enthusiasts. Google was the logical choice given that it owns YouTube, the mecha of home movies, video game commentaries, and professional videos on the web. Well, Twitch felt that Amazon was more in tune with its visions for the future and decided to hand the digital torch to them. Given the recent backlash by some Twitch.tv users, hopefully Amazon will be able to grow the channel into something we will all be excited to use. Otherwise, it may just become a giant shopping cart like its online store. We’ll all just have to sit back and see what the future brings us at this point. Regardless, Phoenix Genesis will be there to usher in a new era.
Here is the email sent to me a few hours ago by Twitch CEO Emmett Shear. I hope this sheds light on changing of the guard.
– Des Manttari, Editor-in-Chief, Phoenix Genesis
Feel free to link or print this: just include the PHOENIX GENESIS URL: http://phoenixgenesis.com/
copyright (c) 2014 – All rights reserved.
Dear Twitch Community
It’s almost unbelievable that slightly more than 3 years ago, Twitch didn’t exist. The moment we launched, we knew we had stumbled across something special. But what followed surprised us as much as anyone else, and the impact it’s had on both the community and us has been truly profound.
Your talent, your passion, your dedication to gaming, your memes, your brilliance – these have made Twitch what it is today. Every day, we strive to live up to the standard set by you, the community. We want to create the very best place to share your gaming and life online, and that mission continues to guide us.
Together with you, we’ve found new ways of connecting developers and publishers with their fans. We’ve created a whole new kind of career that lets people make a living sharing their love of games. We’ve brought billions of hours of entertainment, laughter, joy and the occasional ragequit. I think we can all call that a pretty good start.
I’m pleased to announce we’ve been acquired by Amazon. We chose Amazon because they believe in our community, they share our values and long-term vision, and they want to help us get there faster. We’re keeping most everything the same: our office, our employees, our brand, and most importantly our independence. But with Amazon’s support we’ll have the resources to bring you an even better Twitch.
I personally want to thank you, each and every member of the Twitch community, for what you’ve created. Thank you for putting your faith in us. Thank you for sticking with us through growing pains and stumbles. Thank you for bringing your very best to us and sharing it with the world. Thank you, from a group of gamers who never dreamed they’d get to help shape the face of the industry that we love so much.
It’s dangerous to go alone. On behalf of myself and everyone else at Twitch, thank you for coming with us.
Emmett Shear, CEO