Caffeine (service) explained

Caffeine
Commercial:Yes
Type:Live streaming, streaming video
Registration:Optional
Area Served:Worldwide
Launch Date: (Pre-Release)
Current Status:Defunct

Caffeine was a live streaming platform for gaming, sports, and other entertainment content.[1]

Caffeine secured a $100 million investment in September 2018 from 21st Century Fox with chairman Lachlan Murdoch joining Caffeine's board, as well as the creation of a newly formed joint venture called Caffeine Studios. As of 2019, Caffeine had raised $146 million from investors in 3 rounds led by 21st Century Fox, Andreessen Horowitz, and Greylock Partners.[2]

Both Caffeine and Twitch hosted pre-game events for Super Bowl 2020. Notable content creators who have used the platform include JuJu Smith-Schuster and Offset.[3]

Caffeine ended their service on June 26, 2024, stating that they were not able to achieve profitability.[4]

Notes and References

  1. Web site: 21st Century Fox Invests $100 Million in Social Live-Streaming Startup Caffeine. Roettgers. Janko. 2018-09-05. Variety. en. 2019-10-23.
  2. Web site: Gaming creators are warming up to Fox-backed Twitch competitor Caffeine. Flynn. Kerry. 2019-01-23. Digiday. en-US. 2019-10-23.
  3. Web site: Stephen . Bijan . Twitch and Caffeine are hosting their own Super Bowls before the big game . The Verge . 23 February 2020 . en . 30 January 2020.
  4. Web site: Dillon . Dak . Sports-focused streaming platform Caffeine abruptly shuts down . NewscastStudio . 26 June 2024 . en . 26 June 2024.

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