Amazon spends $1billion on Twitch video game site
Video games have long been something people played. But in the last few years, thanks in part to fast Internet access and multiplayer games, the games have become something that people sit back and watch, too.
On Monday, that new habit enticed the web giant Amazon to reach a $1.1 billion deal to buy Twitch, the most popular website for watching people play games.
The deal for Twitch is the latest sign of the way forms of behavior once seemingly on the fringe can, in the hands of tech entrepreneurs, turn into huge online communities in no time. Twitch did not exist a little over three years ago, and it now has 55 million unique viewers a month globally, helping turn games into a spectator event as much as a participatory activity.
Those millions of eyeballs are valuable to web companies, and Amazon, although usually known for its retailing, is no exception.
To win in its bid for Twitch, Amazon had to outmanoeuvere a who’s who of the tech world, including Google — strongly suggesting that these companies think the era of video-game viewing is just starting.
It also underscored Amazon’s growing appetite for controlling and delivering content to digital devices, especially the tablets and smartphones made by Amazon.
Source: New York Times