Amazon.com's Twitch Is Dominating the Game Streaming Market
One of Amazon.com's (NASDAQ: AMZN) best-kept secrets is Twitch, a popular site where gamers live-stream their gameplay. It's basically a social network for gamers where viewers can tune in, learn how to play a new game, chat with other gamers, and be entertained by their favorite streamers. The most popular streamers can even earn a living off of their viewership through subscriptions and real-money tips.
Amazon.com's acquisition of Twitch in 2014 for $970 million is starting to look like a really clever move. Game streaming is one of the hottest markets shaping the video game industry. This market is expected to generate $4.6 billion in revenue in 2017, and the latest evidence from third-party research shows it's picking up speed -- with Twitch far out in front.
IMAGE SOURCE: TWITCH.TV.
Source: Fool.com
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