Emmett Shear, the CEO of Amazon-owned streaming service Twitch, will step down as a co-founder of the company he has been with for over 16 years. He will be replaced by Twitch President Dan Clancy, who has been here since 2019. Shear will continue to be an advisor.
In the recent months, the Twitch platform has been criticized for decreasing subscription revenue by 70%, but the company's policy changed: now, the 70% share for the most powerful content creators is paid only for the first $100 thousand earned, and then it decreases to the standard 50%.
Emmett Scheer joined the game streaming business in October 2006, co-founding Justin.tv, which was merged with Twitch in 2011, and was purchased by Amazon for around $1 billion. Prior to joining Twitch, Dan Clancy held senior positions at NASA, local social media platform Nextdoor, and Google.
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