Twitch Star Signs $100M Deal with Rival Platform(nytimes.com)
nytimes.com
Twitch Star Signs $100M Deal with Rival Platform
https://www.nytimes.com/2023/06/16/business/twitch-kick-xqc.html
2 comments
https://archive.is/QByTb
I wonder how much of that is cash?
Stupid question, but what else would they pay him in? seems 70m + another 30m "bonus"
It seems like 70M over 2 years, which is not that bad but also weird for a newly founded streaming startup that does not have anything unique. Looked around for a bit, but there isn't anything that really gives a clear insights on their investors/founders and how they are financing the whole deal.
Edit: I was mistaken, it seems like the site is owned by the same people who owns multiple crypto related/adjacent gambling companies so that might actually be where the "money" comes from. Source: https://twitter.com/OllyRobzTTV/status/1640542322180988929
Edit: I was mistaken, it seems like the site is owned by the same people who owns multiple crypto related/adjacent gambling companies so that might actually be where the "money" comes from. Source: https://twitter.com/OllyRobzTTV/status/1640542322180988929
The linked article covers where the money comes from just FYI.
For some context, the streaming website kick is funded primarily (solely?) by offshore crypto casinos, such as Stake.
That website has had massive deals with streamers in the past, but they have required those streamers to spend large amounts of the money gambling on their website as part of the contract, meaning that they would claw back large amounts of the money.
So while the number may look massive, in reality it will probably be a much smaller take home amount.
That website has had massive deals with streamers in the past, but they have required those streamers to spend large amounts of the money gambling on their website as part of the contract, meaning that they would claw back large amounts of the money.
So while the number may look massive, in reality it will probably be a much smaller take home amount.