Twitch.tv Secures $20 Million Investment for Streaming Services - Prima Games

Twitch.tv Secures $20 Million Investment for Streaming Services

by Prima Games Staff

With the PlayStation 4 and Xbox One set to launch next month, Twitch.tv has a lot of work ahead of it. After all, the streaming service will provide a huge benefit for both consoles, allowing gamers to instantaneously showcase their gameplay sessions over the Internet for the world to see.

Fortunately, the company is more than ready. It secured $20 million in investments from venture capital firms Thrive and WestSummit, as well as Take-Two Interactive. This follows a $15 million Series B investment from Bessemer Venture Partners, secured around this time last year.

“Given the excitement surrounding Microsoft and Sony’s upcoming video game consoles, Twitch will be in a lot of living rooms this holiday season,” said Kevin Lin, chief operating officer for Twitch.tv. “Their intuitive and accessible integration of Twitch removes the barriers to entry which casual broadcasters currently face, so we expect traffic numbers to soar when these consoles launch.”

More partnerships with video game publishers and platform holders are expected in the future.

 

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