Is Twitch Leaving Korea?

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Twitch is a live streaming platform that was founded in 2011 by Emmett Shear and Justin Kan. Initially, the website was created as a streaming platform for gaming, stemming from the founders’ earlier experiment with “lifecasting” on the website Justin.tv.

The focus on live gaming quickly became the main appeal for most of its viewers, leading to the rapid growth of the platform.

In 2014, just three years after its launch, Twitch had millions of viewers and was acquired by Amazon for $1 billion. Today, Twitch has over 140 million viewers and almost 4 million streamers, with a large boost in its user base attributed to the COVID-19 pandemic.

Twitch has become a dominant force in the online video streaming space, particularly for video game fans looking to stream and watch live gameplay.

The platform has also expanded to include a wide variety of content beyond gaming, attracting creative entertainers and creators from diverse backgrounds.

Is Twitch Leaving Korea?

Twitch is leaving South Korea due to the high cost of operating in the country, which has been attributed to “prohibitively expensive” network fees. The decision to shut down the Twitch business in Korea will take effect on February 27, 2024.

Source: Vimbuzz.com

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