Skip to content

We ask you, humbly: don't scroll away.

Hi readers, it seems you use Catholic Online a lot; that's great! It's a little awkward to ask, but we need your help. If you have already donated, we sincerely thank you. We're not salespeople, but we depend on donations averaging $14.76 and fewer than 1% of readers give. If you donate just $5.00, the price of your coffee, Catholic Online School could keep thriving. Thank you.

Help Now >

You'll never believe what Amazon picked up for nearly $1 billion

Free World Class Education
FREE Catholic Classes
Tech giant beat out Google and Yahoo for coveted video game website

Defeating tech rivals Google and Yahoo, Amazon purchased the live-streaming gaming network Twitch for $970 million in a move announced late on August 25 which is the largest deal in Amazon's 20-year history.

Highlights

By Catholic Online (NEWS CONSORTIUM)
Catholic Online (https://www.catholic.org)
8/25/2014 (9 years ago)

Published in Technology

Keywords: US, Technology, Amazon

LOS ANGELES, CA (Catholic Online) - The firm raised $20 million in funding in September 2013 from game publisher Take-Two Interactive Software and firms including Bessemer Venture Partners and Thrive Capital.

You can be a light in the darkness with "prayer and action."

Twitch's format lets viewers message players and each other during live play, and has gained interest as one of the fastest-growing segments of digital video streaming. Which has attracted even more advertising dollars.

More than 55 million unique visitors viewed more than 15 billion minutes of content on Twich in July alone.

"Broadcasting and watching gameplay is a global phenomenon and Twitch has built a platform that brings together tens of millions of people who watch billions of minutes of games each month," said Jeff Bezos, chief executive of Amazon.

Investors noticed Twitch's rapid growth, up from 3.2 million players when it initially launched in 2011. Some of its most-followed players take in six-figure salaries through a 50-50 split in advertising revenue, $5 monthly subscriptions to live-streaming channels, and even spontaneous donations from fans.

"We're keeping most everything the same: our office, our employees, our brand, and most importantly our independence," Emmett Shear, CEO, said in a blog post. "But with Amazon's support we'll have the resources to bring you an even better Twitch."

---


'Help Give every Student and Teacher FREE resources for a world-class Moral Catholic Education'


Copyright 2021 - Distributed by Catholic Online

Join the Movement
When you sign up below, you don't just join an email list - you're joining an entire movement for Free world class Catholic education.

Lent logo
Saint of the Day logo

We ask you, humbly: don't scroll away.

Hi readers, it seems you use Catholic Online a lot; that's great! It's a little awkward to ask, but we need your help. If you have already donated, we sincerely thank you. We're not salespeople, but we depend on donations averaging $14.76 and fewer than 1% of readers give. If you donate just $5.00, the price of your coffee, Catholic Online School could keep thriving. Thank you.

Help Now >

Deacon Keith Fournier Hi readers, it seems you use Catholic Online a lot; that's great! It's a little awkward to ask, but we need your help. If you have already donated, we sincerely thank you. We're not salespeople, but we depend on donations averaging $14.76 and fewer than 1% of readers give. If you donate just $5.00, the price of your coffee, Catholic Online School could keep thriving. Thank you. Help Now >

Catholic Online Logo

Copyright 2024 Catholic Online. All materials contained on this site, whether written, audible or visual are the exclusive property of Catholic Online and are protected under U.S. and International copyright laws, © Copyright 2024 Catholic Online. Any unauthorized use, without prior written consent of Catholic Online is strictly forbidden and prohibited.

Catholic Online is a Project of Your Catholic Voice Foundation, a Not-for-Profit Corporation. Your Catholic Voice Foundation has been granted a recognition of tax exemption under Section 501(c)(3) of the Internal Revenue Code. Federal Tax Identification Number: 81-0596847. Your gift is tax-deductible as allowed by law.