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

Chris Kerr, News Editor

September 5, 2018

1 Min Read

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."

About the Author(s)

Chris Kerr

News Editor, GameDeveloper.com

Game Developer news editor Chris Kerr is an award-winning journalist and reporter with over a decade of experience in the game industry. His byline has appeared in notable print and digital publications including Edge, Stuff, Wireframe, International Business Times, and PocketGamer.biz. Throughout his career, Chris has covered major industry events including GDC, PAX Australia, Gamescom, Paris Games Week, and Develop Brighton. He has featured on the judging panel at The Develop Star Awards on multiple occasions and appeared on BBC Radio 5 Live to discuss breaking news.

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