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Amazon’s Twitch Sees Viewership Decline 8% in February




Amazon’s video game streaming platform Twitch reported a 9% decline in viewership during the month of February while hitting 1.64 billion hours watched, according to a new report from StreamElements and

The most watched games on Twitch are as follows (including watch numbers):

  • League of Legends – 111 million hours
  • Grand Theft Auto V – 89 million hours
  • Valorant – 87 million hours
  • Hogwarts Legacy – 71 million hours
  • Counter-Strike: Global Offensive: Warzone – 54 million hours
  • Apex Legends – 40 million hours
  • Minecraft – 39 million hours
  • Dota 2 – 37 million hours
  • Fortnite – 34 million hours

The Twitch platform reached 1.9 billion hours watched during the month of February 2022, in comparison, so there has been a marked drop in data.

Twitch has been subjected to layoffs across Amazon, with 400 employees losing their jobs as the company cuts back. Couples with the recent departure of Twitch CEO Emmett Shear, it appears Twitch is tightening their belts.

“Under the leadership of Emmett Shear for the past 16 years, Twitch has grown into the dominant platform in the gaming livestreaming space” Gil Hirsch, CEO/Co-founder of StreamElements said of Shear’s departure. “While Twitch remains steady and consistent with enticing viewership numbers, it will be interesting to see if they can generate more upward momentum with the reins now handed off to a new CEO.”

Another example of the pressing financial factors is their recent controversial announcement of a 50/50 split with streamers, one that was not well received. However, given that millions of streamers stream on Twitch, with the majority not bringing any revenue of ROI to the platform, it was only a matter of time before the company started repositioning to be able to stay afloat.

Whether this indicates the start of the fall of Twitch remains to be seen, and it appears unlikely anytime soon give then backing of Amazon, but these numbers plus the recent chain of events certainly signal to down times for the mammoth streaming platform.


Sony Acquires Queen’s Catalog for $1.2 Billion



sony music

Sony has made a massive acquisition in the music space, acquiring the catalog of legendary rock band Queen for a whopping $1.27 billion, according to a report from Hits and later confirmed by Variety.

According to Variety, the only revenue not covered in the deal is for live performances, which founding members Brian May and Roger Taylor, who still actively tour with singer Adam Lambert, will retain.

The bidding came down to Sony and an undisclosed player who was said to be very close but stopped short at $900 million, allowing Sony to walk away with the catalog.

There is no denying the iconic value of Queen’s catalog, which includes such memorable hits as “Bohemian Rhapsody,” “Another One Bites the Dust,” “Radio Ga Ga,” “39,” “Somebody to Love” and “You’re My Best Friend” as well as the iconic “We Will Rock You” and “We Are the Champions” which have been globally integrated with major sports leagues especially during games and during championship celebrations.

Furthermore, the success of  the 2018 biopic “Bohemian Rhapsody” demonstrates the potential for the group’s name and likeness rights and could also hint at a potential musical presentation for Broadway or in London in the future.

It is worth noting that the catalog, which has been in play for the last several years, is complicated by the group’s recorded-music rights for the United States and Canada, which were acquired by entertainment juggernaut Disney, for an undisclosed price, at some time during the 2000s following an initial $10 million licensing deal back in 1991, with those rights remaining with Disney  in perpetuity, although certain of the bandmembers’ remaining royalties from them will go to Sony once the deal officially closes.

Queen’s distribution deal is current with Universal, but will go to Sony in all territories outside the United States and Canada when it expires in 2026 or 2027.

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Pixar CCO Pete Docter Excited About Future




The latest smash hit in theaters is Pixar’s ‘Inside Out 2’ which had a stellar opening in theaters grossing $295 million globally in its first weekend, and the film is currently this year’s highest box office debut.

Naturally, that success has many people excited, specifically Pixar who feel that the numbers, which are similar to pre-2020 numbers, indicate an incredible future is upon them.

“I feel like we’re in a really golden place where, after a lot of turmoil, every project we have is exciting to me for multiple reasons — both from new looks and technology, but more importantly, original stories and storytellers,” Pixar Chief creative officer Pete Docter said, during an interview with Entertainment Weekly.

Docter also spoke about the recently announced ‘Inside Out’ series that will land on Disney+ and stated that the project is already completed and will be arriving to the streaming platform sometime in Spring 2025.

“But in the first film, remember we go to Dream Production to see how Riley’s dreams are made? It semi-explains why they’re so weird. We’ve continued the exploration of the power of dreams and how they affect us in our waking life, as well. So it’s pretty cool,” Docter said.

Docter discussed how the company decides which content lands on Disney+, which was announced just before the COVID-19 pandemic and lockdown, or gets a premier release in theaters, which seems to be making a comeback in the market.

“But that was really before anyone had an understanding of the economics of how it all works. How much can you spend on a show, and how do you even track what it made? A box office is super easy. Three people came in, I know I can count the money exactly. With streaming, depending on how you divide it up, do you get more money to do something that’s new or that attracts new viewers? It’s very squirrely,” he explained.

With Pixar basking in the limelight of their latest success, the future is exciting for the company and it will be interesting to see how far their new success can go.

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Joe and Anthony Russo’s ‘The Electric State’ Gets Massive Budget




Netflix is opening up the bank for the latest film from Joe and Anthony Russo.

According to World of Reel, Joe and Anthony Russo’s ‘The Electric State’ movie, which is going to be exclusively for the entertainment streaming platform, Netflix has topped the $300 million budget mark, costing $320 million to produce.

The cast for “The Electric State”, a sci-fi movie based on Simon Stålenhag‘s 2018 illustrated novel, includes Millie Bobbie Brown, Chris Pratt, Ke Huy Quan, Giancarlo Espostito, Anthony Mackie, Stanley Tucci, Jason Alexander, Brian Cox, and Jenny Slate.

According to the official synopsis: ““The Electric State” is a coming-of-age tale that mixes sci-fi and western genres in a retro-futuristic past. Brown plays an orphaned teenager who traverses the American West with her robot friend and an eccentric drifter in search of her younger brother.”

Netflix won the bidding war for the rights to the film back in 2022, and now we will see if the ROI on the investment will reward their massive investment.


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