Twitch Star Signs $100M Deal with Rival Platform

https://www.nytimes.com/2023/06/16/business/twitch-kick-xqc.html

by efraim • 3 years ago

16 6 3 years ago

nytimes.com

lrae• 3 years ago

I wonder how much of that is cash?

tiernano2• 3 years ago

Stupid question, but what else would they pay him in? seems 70m + another 30m "bonus"

treesciencebot• 3 years ago

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

temp84858696945• 3 years ago

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.

tiernano2• 3 years ago

https://archive.is/QByTb

Twitch Star Signs $100M Deal with Rival Platform

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