Amazon.com Inc-owned Twitch's Emmett Shear will step down as chief executive officer after over 16 years at the live video streaming platform that he co-founded, he said on Thursday.
The twitch logo is seen at the offices of Twitch Interactive Inc, a social video platform and gaming community owned by Amazon, in San Francisco, California, U.S., March 6, 2017. REUTERS/Elijah NouvelageTwitch's Emmett Shear will step down as chief executive officer after over 16 years at the live video streaming platform that he co-founded, he said on Thursday.
Twitch, which has seen online celebrities like Tyler "Ninja" earn millions of dollars playing games and chatting with fans, has come under fire in recent months over reducing the amount of money its biggest streamers could earn from subscriptions, which earlier amounted to as much as 70% of revenue from fans' subscriptions to their channels.
Then, in September, the company tweaked the policy and announced it would allow its biggest creators to retain their 70% of the revenue share for the first $100,000 earned and then split to the standard 50% share.
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