Twitch co-founder Emmett Shear steps down as CEO | Engadget

After 16 years at Twitch, company co-founder Emmett Shear is stepping down as CEO. Shear was there from the very beginning, back when the popular entertainment platform was still called, a live video site designed to host a 24/7 reality show about the life of the co-founder Justin Kan. When the company spun the growing platform gaming category into its own brand, Twitch was born. Shear guided the company through that transition, through Amazon’s $970 million acquisition of the company in 2014 and beyond. Now, he says that he says fatherhood has inspired him to relinquish the leadership role from him. “I want to be fully there for my son when he enters this world,” he wrote in a farewell blog. “I will continue to work at Twitch as a consultant.”

Dan Clancy will assume the role of CEO. Originally hired in 2019 as Executive Vice President of Creators and Community Experience, Clancy soon rose to the role of President at Twitch. When broadcast partners raised concerns about Twitch’s revenue split with creators, Clancy was the one to iron out the issue, explaining in a letter to streamers that stake would remain at 50/50 and 70/30 premium splits awarded. to the biggest stars on the platform. would be subject to new limitations. As the face of this decision, Clancy bore the brunt of much of the backlash.

As for Shear, his exit letter exudes confidence for the new CEO. “He cares deeply about the Twitch community, its streamers and our staff and understands what makes Twitch Twitch,” he wrote. Dan Clancy will assume his role as CEO effective immediately.

All Engadget Recommended products are curated by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you purchase something through one of these links, we may earn an affiliate commission. All prices are correct at the time of publication.

Source link

James D. Brown
James D. Brown
Articles: 8278