Twitch Shutting Down Business Operations in South Korea

Twitch Shutting Down Business Operations in South Korea

Twitch has announced it will be shutting down its business operations in South Korea due to the high operational costs. The closure will impact the streaming community and the esports market in the country. Twitch plans to assist Korean streamers in finding new platforms and collaborate with competitors to support the transition. Major esports publishers will need to relocate and rebuild their platforms elsewhere. This decision showcases the challenges Twitch faces in specific markets and the resulting implications for both streamers and the wider esports industry.

Emmett Shear Steps Aside as OpenAI CEO as Sam Altman is Reinstated

Emmett Shear Steps Aside as OpenAI CEO as Sam Altman is Reinstated

Emmett Shear stepped aside as interim CEO of OpenAI after Sam Altman was reinstated as CEO. Shear expressed his happiness with Altman’s return and reflected on his brief time in the position. Altman’s return came after backlash against his dismissal, prompting OpenAI’s board to be mostly replaced. Microsoft supported the board changes and expressed a commitment to stable governance. Altman, along with Greg Brockman, aims to continue OpenAI’s mission.

Twitch and YouTube Phasing Out Big-Money Content Deals with Livestreaming Gamers

Twitch and YouTube Phasing Out Big-Money Content Deals with Livestreaming Gamers

Popular livestreaming platforms, Twitch and YouTube, are shifting their strategy and phasing out expensive content deals with top gaming influencers. The bidding war for these deals is not sustainable, according to Twitch CEO, Dan Clancy. YouTube is also downsizing its contracts with livestreamers, aiming for standard terms instead. Both platforms previously believed that paying top gamers to stream would attract more fans and increase advertising revenue. However, Twitch has now allowed its partnered streamers to broadcast on other platforms simultaneously. Some streamers have faced audience decline after switching from Twitch to YouTube, while Kick, a niche streaming service, has offered nonexclusive streaming deals to both big-name and smaller creators.