GTA parent publisher among new Twitch investors

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Gamer-focused streaming video company Twitch today announced that it had secured $20 million in new Series C funding from a round of investors that includes Grand Theft Auto parent publisher Take-Two interactive.

The $20 million investment was led by Thrive Capital, with additional participation from WestSummit Capital and Take-Two Interactive. Additional funds from existing investors like Alsop Louie Partners and Bessemer Venture Partners were also included.

Details regarding specific levels of participation in the overall $20 million were not disclosed.

According to Twitch, this new funding will allow the company to "continue scaling its sales division and infrastructure to meet the demand of its rapidly growing viewership." Twitch had 45 million unique visitors in September 2013.

In addition to supporting the expansion of the Twitch Media Group sales division, the $20 million in funding will help ensure the platform's infrastructure is ready for the launch of the Xbox One and PlayStation 4 in November.

Twitch broadcasting and viewing will be supported on both next-generation systems.

Grand Theft Auto V launched earlier this month, generating $800 million in 24 hours and $1 billion in three days. The game's multiplayer component--GTA Online--launches tomorrow as a free download.

Developer Rockstar Games is expecting numerous hiccups and issuesto accompany the launch.

Written By

Eddie Makuch is a news editor at GameSpot, and would like to see the Whalers return to Hartford.

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Discussion

22 comments
PaperthinTV
PaperthinTV

twitch has been experiencing some problems lately in their non-live stream videos, where there are significantly slow buffer speeds on many videos at different times for different people. This new funding should help with spreading out the load and solving those issues. Now I'll be able to watch Danny Odwyer on random encounter when I can't make it to his streams!

soulless4now
soulless4now

I keep hearing about Twitch. I thought it was a Twitter knock off. Guess it's time to head to the Google mobile to find out what it is! *plays 1960s Batman music* 

CoUGHB
CoUGHB

I hope it's users don't experience negative effects with the abundance of positive effects thanks to this partnership.  Preparing for next gen, in which case, may elicit millions of streams at once must be scary. 

cornbredx
cornbredx

Weird.

I thought Take 2 was kind of against streaming and video of their games. They always were very strict about that.

Jacanuk
Jacanuk

I wonder how long it will take before Google/Facebook is going to start their own service or buy twitch.


alexfrica
alexfrica

Wtf people complain about this u need to get a life punk ass bitch

jonny_dutch
jonny_dutch

They need to sort out past broadcasts. I only watch gamespot, and never live as they only broadcast in working hours. Currently past broadcasts get slower the further you are from twitch's office (East USA?), here in the UK it easily take 10 minutes to load 30 seconds of anything pre-recorded. The only advice twitch seem to give is "watch it live, or don't watch it at all". Pathetic service.

deth420
deth420

Maybe im just getting old. I dont understand wanting to watch people play video games. I want to play the games! i guess if your not having fun, you might as well watch others doing so.

...im starting a new program. it will be user based videos. you will watch people garden, or empty their trash. or you can watch others having fun, throwing water balloons, playing board games, or eating some cake. tune in for more info...

deadpeasant
deadpeasant

They should float that on the Bawsaq!

PetJel
PetJel

Twitch is absolutely terrible. Chatlag, tons of downtime, scaling issues, subscription issues, server overloads that cause complete disconnects for hours straight, the only thing that keeps it going is that no other site did the same thing but better yet. Missed opportunity because IMO twitch does not deserve to be invested in.

But good news for Xbone people since Microsoft has a deal with Twitch streaming aswell.

Stiler
Stiler

@cornbredx Rockstar is, Take two (the publisher) is more open with their other games.

spindie3
spindie3

@alexfrica and ur complaining that people need to get lives on a video game website.. how did you get here sonny?

Mantan911
Mantan911

Creativity based games (ex. Minecraft, terraria) are quite interesting to watch

gamingnerd121
gamingnerd121

@PetJel It's pretty terrible, that the chat system isn't functioning when tournaments happen. Twitch is also the only site i have lag when typing, so i may miss some letters often.

Nukey23
Nukey23

@GTAVonPS3 Pc is used to make games for either pc or console u Jackass stop fking around. play ur damn game.

Mantan911
Mantan911

Psst! You probs used a pc to write this