“I want to be fully there for my son as he enters this world and I feel ready for this change to tackle new challenges,” wrote the outgoing CEO in his farewell note. With Shear vacating his CEO position at Twitch, the role will now be fulfilled by the company’s current President, Dan Clancy, effective immediately. Twitch hired Clancy, a former Google executive and a senior NASA official, in 2017 as the VP of Creator and Community Experiences. In the years since its gaming pivot and the Amazon acquisition, Twitch has blossomed into the biggest name in the game streaming segment, spawning its own creator economy that has earned millions of dollars for big names such as Richard Tyler Blevins known as “Ninja,” Michael Grzeseik called “Shroud,” and Timothy John Betar also known as “TimTheTatman.”
Earlier this month, Twitch updated its Ads Incentive Program that allows content creators to earn up to a 55% cut of ad revenue, relaxing the monthly limitations and offering more opportunities for monthly earnings. In January, the company announced some welcome changes to its creator sponsorship system and fine-tuned the ad viewing system, as well. However, the company has lately drawn some ire over the tighter revenue sharing with creators, data breach incidents, criticism over gambling content, a well-known deepfake involving a popular face, and content moderation woes. In the meanwhile, YouTube continues to up its game at game streaming content and continues to poach talent from Twitch’s field.
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