Michael and Johnny look at Twitch, a live video streaming service that exploded in popularity with its early focus on Video Games.
In the News of the Week, we cover Quibi's recent floundering and challenges, and the Tiktok ban discussions happening within the American government and American corporations.
Recorded Date: Sunday, July 12, 2020
Ideas of the Week:
- Build a lifestyle streaming service specific for lifestyle streaming & figure out the features to make this a superior experience (better mobile experience)
- Build a streaming service for people who like to go out to restaurants, want to review food and have people eat with them
Time Stamps
- 00:00:18: Quibi Already Floundering
- 00:03:34: Tik Tok Ban?
- 00:13:00: Twitch
- 00:23:57: Keys to Success
- 00:44:21: Rich Tech Poor Tech
- 00:51:16: Ideas of the Week
Highlights
- Michael's prediction regarding Quibi's early demise looks like its coming true
- Netflix is having its moment with almost 60 original titles landing in July alone
- Hamilton is boasting Disney+'s numbers
- Will the US government ban Tiktok? Will Apple and Google agree to remove it from their App Stores?
- Twitch is a video live streaming service with a focus on video game streaming
- Twitch has a diverse group of co-founders
- Twitch Plays Pokemon, a social experiment consisting of a crowdsourced attempt to play Pokemon went viral in 2014
- Google almost acquired Twitch via its Youtube subsidiary but stopped short due to anti-trust concerns
- Twitch's hyper-focus on Gaming allowed it to ride the wave and enabled the wave of Video Game popularity and the rise of E-Sports
- Why is streaming so successful? Is it due to the authenticity it provides?
- What were the factors that contributed to Twitch's success?
- What industry is Twitch in?
- The Friendship industry has yet to be monetized
- Can you pitch an idea against Twitch?
- Michael wants to be Twitch's R&D lab like Snap is Facebook's R&D lab
Links
