Caffeine was a live streaming platform for gaming, sports, and other entertainment content.[1]
Caffeine secured a $100 million investment in September 2018 from 21st Century Fox with chairman Lachlan Murdoch joining Caffeine's board, as well as the creation of a newly formed joint venture called Caffeine Studios.[2] As of 2019, Caffeine had raised $146 million from investors in three rounds led by 21st Century Fox, Andreessen Horowitz, and Greylock Partners.[3]
Both Caffeine and Twitch hosted pre-game events for Super Bowl 2020. Notable content creators who have used the platform include JuJu Smith-Schuster and Offset.[4] In 2020 the rapper Drake signed an exclusive multi-year partnership with Caffeine to co-produce rap battles with the Ultimate Rap League.[5]
Caffeine ended its service on June 26, 2024, stating that it was not able to achieve profitability.[6]
References
- ↑ Roettgers, Janko (2018-09-05). "21st Century Fox Invests $100 Million in Social Live-Streaming Startup Caffeine". Variety. Retrieved 2019-10-23.
- ↑ "21st Century Fox Invests $100 Million in Social Live Streaming Startup Caffeine". NASDAQ. 2018-09-05.
- ↑ "Gaming creators are warming up to Fox-backed Twitch competitor Caffeine". Digiday. 2019-01-23. Retrieved 2019-10-23.
- ↑ Stephen, Bijan (30 January 2020). "Twitch and Caffeine are hosting their own Super Bowls before the big game". The Verge. Retrieved 23 February 2020.
- ↑ Bell, BreAnna (2020-02-11). "Drake Signs Multiyear Live-Streaming Partnership with Caffeine". "Casino Streamers". Retrieved 2026-06-09.
- ↑ Dillon, Dak (26 June 2024). "Sports-focused streaming platform Caffeine abruptly shuts down". NewscastStudio. Retrieved 26 June 2024.
External links
- Official website at the Wayback Machine (archived 2020-06-05)
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