One reason why Facebook is taking on Amazon's super popular live video-game streaming service
Facebook announced a new partnership on Monday that makes it easy to live-stream certain video games on its site. The agreement with Blizzard Entertainment, which makes games like "Overwatch" and "World of Warcraft," puts the social media site squarely in competition with Amazon's video-game streaming service, Twitch, which has long been dominant in this space.
One factor behind Facebook's decision to challenge Twitch likely has to do with the sheer scale of the platform's viewership: People spent more than 277 million hours tuning into Twitch's top games last month.
This chart by Statista, based on data from Gamoloco, shows that League of Legends, the top viewed game on Twitch, drew over 80 million hours of streaming in May. Users streamed the next three most popular games for over 40 million hours each last month as well. That's a lot of hours watching someone else play video games - it's no surprise that Facebook wants a share.
Statista
Disclosure: Jeff Bezos is an investor in Business Insider through hispersonal investment company Bezos Expeditions.
- I quit McKinsey after 1.5 years. I was making over $200k but my mental health was shattered.
- Some Tesla factory workers realized they were laid off when security scanned their badges and sent them back on shuttles, sources say
- I tutor the children of some of Dubai's richest people. One of them paid me $3,000 to do his homework.
- Why are so many elite coaches moving to Western countries?
- Global GDP to face a 19% decline by 2050 due to climate change, study projects
- 5 things to keep in mind before taking a personal loan
- Markets face heavy fluctuations; settle lower taking downtrend to 4th day
- Move over Bollywood, audio shows are starting to enter the coveted ‘100 Crores Club’