informa
/
Business
News

21st Century Fox sinks $100M into social streaming platform Caffeine

"We are excited to partner with Caffeine and build something special for fans in the growing live social streaming esports and gaming space."

21st Century Fox has invested $100 million into social streaming outfit Caffeine, with a view to funding the creation of a new in-house entertainment studio. 

Aptly christened Caffeine Studios, the new opening will be jointly owned by Fox Sports and Caffeine, and will focus on creating exclusive esports, game, sports, and live entertainment content for the company's broadcasting platform. 

As part of the deal, 21st Century Fox executive chairman Lachlan Murdoch will join the Caffeine board, and the company's stake in Caffeine will become part of the proposed new 'Fox' that's due to be formed after Disney completes its purchase of the entertainment giant next year.

Caffeine also received additional investment from Andreessen Horowitz and Greylock Partners, who previously invested $46 million into the company back in February this year.

"The combination of the Caffeine platform with a content studio that benefits from Fox Sports' expertise in live events and programming will help position Caffeine to deliver compelling experiences in esports, video gaming and entertainment," commented Murdoch.  

"We are excited to partner with Caffeine and build something special for fans in the growing live social streaming esports and gaming space."

Latest Jobs

Sucker Punch Productions

Bellevue, Washington
08.27.21
Combat Designer

Xbox Graphics

Redmond, Washington
08.27.21
Senior Software Engineer: GPU Compilers

Insomniac Games

Burbank, California
08.27.21
Systems Designer

Deep Silver Volition

Champaign, Illinois
08.27.21
Senior Environment Artist
More Jobs   

CONNECT WITH US

Register for a
Subscribe to
Follow us

Game Developer Account

Game Developer Newsletter

@gamedevdotcom

Register for a

Game Developer Account

Gain full access to resources (events, white paper, webinars, reports, etc)
Single sign-on to all Informa products

Register
Subscribe to

Game Developer Newsletter

Get daily Game Developer top stories every morning straight into your inbox

Subscribe
Follow us

@gamedevdotcom

Follow us @gamedevdotcom to stay up-to-date with the latest news & insider information about events & more