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Twitch Star XQC Signs $100 Million Deal With Rival Platform (www.nytimes.com)

submitted 1 year ago* (last edited 1 year ago) by [email protected] to c/[email protected]

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After dealing with lots of bad PR from terrible decisions, Twitch now has to deal with one of its biggest streamers moving to another platform, Kick, with a deal larger than those of most athletes

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[–] [email protected] 7 points 1 year ago

Well, good for xqc for nabbing that deal. He would be a fool not to. But $100 mil seems like a massive investment for his... 'content.' It's definitely going to attract the wrong viewers that are extremely unhealthy for the platform, severely limiting the potential for more advertisers.

The ownership of Kick.com is currently unconfirmed. However, there are signs that suggest the crypto gambling site Stake.com may be backing the project. Job listings posted by Australia-based start-up Easygo state that “Kick.com is a new venture created by the founders of Easygo and Stake.com”. Stake accounts also created and previously moderated the Kick subreddit. According to confirmation by Stake representatives, Eddie Craven, an owner of Stake, is not the owner of Kick.com, but only an investor. Trainwreck could also have a stake in the company.

Wow, Bing's search is pretty damn good and linked sources. Anyway, this is actually so predatory of a business I don't even want to delve any deeper than I did in 10 minutes. He's going to actively push users toward these gambling websites, and we all know how destructive that addiction can be.

I think this is all for show, to be honest. The New York Times broke the story, but do they even do pieces like these? Is it possible this Stake company paid for NYT to publish the article? They even include statements from Kick and xqc. I'm not a subscriber so it's a genuine question. I think the crypto gambling people and xqc have a shady partnership going on and he's not actually receiving $100 million, but definitely is getting paid. It just seems that $100 M for one person isn't fiscally reasonable. Anyway, crypto on its own is shady and combine that with gambling? Sounds like trouble.