Purchased by Amazon for $1 billion in 2014 Twitchcontinues to lose money according to recent reports.
According to the latest report by WSJ Twitch generated approximately $667 million in advertising revenue and $1.3 billion in commerce revenue in 2023. yet continues to lose money.Although it uses AWS which is owned by Amazon The company has very high server costs and also shares revenue with content producers, It has been losing money to Amazon since 2014. The platform survives thanks to the huge revenues Amazon generates from other areas. In recent years, Turkey has also suffered great blood loss. You know, right now, there are a lot of big Twitch streamers live streaming continues on rival platform Kick. Twitchcame to our agenda last with a new revenue sharing program for DJs. Twitch, In short, it created a program that allowed DJs to share their broadcast revenues with record companies. Thanks to this program, music broadcasts can be made without copyright problems, Both sides will benefit from this.. In this regard, the company additionally offers the following: He conveyed:
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“Today, we’re announcing a special program that will allow DJs to stream the vast majority of popular music in our newly launched DJ Category. This program was brought to life with the support of a wide range of independent labels represented by Universal Music Group, Warner Music Group, Sony Music and Merlin. We’re proud to be the first major streaming service to provide a safe space for DJs to broadcast live.”
Dan Clancy He had made some statements before. According to the CEO The platform’s mobile applications will be renewed in 2024. Twitch’s mobile plans include bringing moderation tools that were previously exclusive to desktop to the apps, changing how viewers buy subscriptions, bits and gifts, and generally improving the mobile app experience. It is going to be made much better with a new design. The company, which has not made any major innovations in the applications since 2019, will also allow Twitch content creators to share short videos in the applications with the update.
The platform will also strengthen the connection between broadcasters and common broadcast infrastructures in the new period, and in addition, the transfer of content from Twitch to other platforms will be made better and easier than ever. Forrester said, “We want to dramatically increase the amount of content that gets pushed from Twitch to other social networks. Our goal is for more people to see more Twitch content every time they go on Instagram, every time they go on TikTok, every time they go on YouTube Shorts.” Explanation doing.