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Shelly Palmer Radio Report – September 4, 2014

Amazon recently announced that it was acquiring video game streaming site for $970 million. For months, it looked like it was a done deal for Google to buy Twitch for about $1 billion. So what happened? Reports suggest Google was concerned about antitrust issues, because Google already owns YouTube, which competes directly with Twitch for live video game streams. Google’s loss is Amazon’s gain, however, as Twitch’s popularity has exploded over the past year. Both Microsoft’s Xbox One and Sony’s PlayStation 4 include the option to broadcast any game you’re playing with a single tap of a button, helping Twitch reach 50 million video game fans around the world each month. Amazon’s acquisition proves the company is serious about its new focus on gaming. Amazon created an in-house video game studio two years ago and has made a couple of other high-profile acquisitions and hires to bolster its video game staff. The move is also great for Twitch and its users, as Amazon’s infrastructure will be far more able to handle Twitch’s explosive growth.

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More Stories By Shelly Palmer

Shelly Palmer is the host of Fox Television’s "Shelly Palmer Digital Living" television show about living and working in a digital world. He is Fox 5′s (WNYW-TV New York) Tech Expert and the host of United Stations Radio Network’s, MediaBytes, a daily syndicated radio report that features insightful commentary and a unique insiders take on the biggest stories in technology, media, and entertainment.