informa
/
1 MIN READ
News

eSports broadcaster Azubu nets $59 million to take on Twitch

eSports broadcaster Azubu has received 55 million euros ($59 million USD) in debt financing to help it build out its business and take on Twitch.

eSports broadcaster Azubu has received 55 million euros ($59 million USD) in debt financing to help it build out its business and take on Twitch, reports VentureBeat

Azubu, which, aside from broadcasting eSports competitions, is also creating a global eSports network to let professional players broadcast their gameplay to fans and spectators looking to pick up tips, will use the cash to gain even more ground and develop new products. 

"The money will go to innovation around the platform, so we can provide the best user experience for broadcasters," said Azubu CEO Ian Sharpe speaking to VentureBeat, adding that the investment is "a vote of confidence not just in Azubu, but in all of eSports."

According to Sharpe, Azubu's viewership has increased by more than 1,200 percent over the past year, and the broadcaster is looking to use that momentum to close the gap on rivals such as Twitch and YouTube Gaming. 

"We are developing our technology in direct collaboration with the community and brand partners in order to provide the best possible, and crucially, most monetizable streaming experience."

"We’re not interested in Pokemon. We’re not interested in Disney Infinity or Minecraft," said Sharpe. "Twitch is generic gaming, we are all about eSports."

Latest Jobs

Treyarch

Playa Vista, Los Angeles, CA, USA
2.03.23
Senior Physics Gameplay Engineer - Treyarch

High Moon Studios

Carlsbad, CA, USA
2.03.23
VFX Artist - High Moon Studios

Anne Arundel Community College

Arnold, MD, USA
1.30.23
Instructor/Assistant Professor, Game Art

Treyarch Vancouver

Vancouver, BC, Canada
2.02.23
Producer - Treyarch Vancouver
More Jobs   

CONNECT WITH US

Explore the
Subscribe to
Follow us

Game Developer Job Board

Game Developer Newsletter

@gamedevdotcom

Explore the

Game Developer Job Board

Browse open positions across the game industry or recruit new talent for your studio

Browse
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