Yes. That’s BILLION. With a B.
Variety broke news today that there YouTube is set to acquire popular streaming site Twitch for $1 billion. The deal is an ‘all-cash’ buyout of the site and if it goes through, it will be the most significant acquisition for YouTube since Google acquired it in 2006 for $1.65 billion.
Twitch was launched in June 2011 by Justin Kan and Emmett Shear, co-founders of Justin.tv which was one of the first websites to host livestreaming user-generated video. Twitch currently stands as the #1 destination to watch free, live gameplay videos that can be streamed from Microsoft Xbox and PlayStation 4 consoles and has nearly 45 million monthly users and more than 1 million members who upload videos each month. Shear currently serves as CEO of Twitch and like YouTube, has declined to comment to any major news source about such a deal.
If YouTube acquires Twitch this could bring about unfair streaming advantages by creating a Monopology streaming service. It is unclear what YouTube’s motives are for the purchase, but this could spark quite the legal controversy since Twitch’s only major competitor is Major League Gaming.
But what does this mean for the future of live gameplay? What do you think will happen if the purchase goes through? Leave a comment below and tell us what you think!