Caffeine (service)

Caffeine
Type of site
Live streaming, streaming video
DissolvedJune 26, 2024; 6 months ago (2024-06-26)
Area servedWorldwide
Founder(s)
URLcaffeine.tv
CommercialYes
RegistrationOptional
LaunchedJanuary 31, 2018; 6 years ago (2018-01-31) (Pre-Release)
Current statusDefunct

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]

References

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