The pharmaceutical industry in T&T is a very lucrative, multi-million dollar business both on the legitimate end and the grey area where drugs are being imported but not registered.
You are here
Amazon to buy video game streaming platform Twitch
NEW YORK—Amazon is hoping to become the ESPN of video games. The e-commerce giant is buying streaming platform Twitch Interactive for $970 million in cash as it seeks to take part in video gaming’s growth as an online spectator sport. Twitch is a multi-channel online network built for a generation of people who not only enjoy playing video games, but find it entertaining to watch others who might impart tricks and tips for excelling at their favourite games.
Amazon’s purchase is an acknowledgment that gameplay video feeds are increasingly lucrative. Twitch had 55 million unique visitors in July, up from 20 million in 2012. Most visited the Twitch.tv Web site to watch other people play live or recorded games—competitions interspersed with advertising. Digital video advertising in the US is expected to reach US$5.96 billion this year, according to eMarketer, up 41.9 per cent from 2013.
The deal is the latest example of Amazon expanding into new commercial arenas.
User comments posted on this website are the sole views and opinions of the comment writer and are not representative of Guardian Media Limited or its staff.
Guardian Media Limited accepts no liability and will not be held accountable for user comments.
Guardian Media Limited reserves the right to remove, to edit or to censor any comments.
Any content which is considered unsuitable, unlawful or offensive, includes personal details, advertises or promotes products, services or websites or repeats previous comments will be removed.
User profiles registered through fake social media accounts may be deleted without notice.