[qz-guide-hero id=”434622857″ title=”💡 The Big Idea” description=”Video game live streaming is now mainstream entertainment, and Hollywood wants in.”]
By the digits
$200 billion: Annual global revenue of the video game industry
$40 billion: Pre-pandemic annual ticket sales of the film industry
~50%: People between the ages of 13 and 39 who have watched other people play video games online
50%: Twitch viewers who are watching English language streams
165 million: Monthly active users on Chinese game streaming platform DouYu
$20 million: Speculated amount gamers Shroud and Ninja were each offered in a deal to join Microsoft’s live streaming platform, Mixer, in 2019
Meet the platforms
Twitch
Founded in: 2011
Owned by: Amazon
Market share: 90%
Claim to fame: Huge community—2.5 million people on the platform at any given time
Big name streamers on this platform: Pokimane, AuronPlay, Shroud
YouTube Gaming
Founded in: 2015
Owned by: Alphabet (Google’s parent company)
Market share: 5.5% (though it increases to 23% if you include video on demand)
Claim to fame: Video on demand—fans can watch the greatest hits from their favorite streamers without needing to tune into entire live broadcasts
Big name streamers on this platform: Dr Disrespect, Valkyrae
Facebook Gaming
Founded in: 2018
Owned by: Facebook
Market share: 3%
Claim to fame: Streamers’ accounts are tied to their real Facebook accounts
Big name streamers on this platform: Disguised Toast, StoneMountain64
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One big number
~33%: Gen Z consumers who watch content on Twitch at least once a week
For young consumers roughly between the ages of eight and 25 who grew up on the internet, watching live streams can be as natural as older generations turning on the TV or flipping on the radio. These digital gaming spaces are where many of them feel the most comfortable throughout their day.
“These creators provide kids a community that they can feel they belong to,” said Doron Nir, the CEO of StreamElements, a company that provides many popular streamers with on-screen graphics, overlays, and other features. “That is really powerful.”
Quotable
“We’re now thinking as much about what the viewing experience would be as the gameplay,”
—David Tinson, chief marketing officer of video game company Electronic Arts
The billion-dollar question
Can anyone catch Twitch?
Twitch is the undisputed king of the video game streaming world, and there’s no reason to think any of its competitors will dethrone it any time soon. Though none of Twitch’s features are so unique that a rival couldn’t copy them, its biggest strength is the connection that viewers form with streamers and each other in the chaotic comment sections of its videos. Those relationships have kept viewers on Twitch. Viewers’ loyalty to Twitch creates strong incentives for streamers to stay on the platform, too, because that’s where most of their potential audience and money-making opportunities are concentrated.
Still, there are a few ways other platforms could shoulder in:
- A hot new app pops up and snatches the “cool” mantle
- Twitch’s moderation problem gets out of hand and drives streamers away
- Trigger-happy antitrust regulators take Twitch to court
Charting hours spent on game streaming platforms
People are spending a growing number of hours watching other people play video games.
Commonly held question
When will streamers cross over to Hollywood?
By some metrics, it’s already happening. Streamers are signing with big name management agencies like United Talent Agency and Creative Artists Agency. Ninja, who’s repped by CAA, appeared on the Fox reality singing show The Masked Singer (he was voted out in the first episode) and now has a cameo as himself alongside A-list actor Ryan Reynolds in the upcoming action comedy Free Guy. Dr Disrespect, a YouTube streamer, is turning his persona into a TV series.
So far, though, most streamers don’t have Hollywood ambitions. That may be because they’re already huge without having to crossover into TV or film. In fact movie stars are the ones trying to get into streaming.
DIY: What it takes to be a great streamer
In some ways, being a video game live streamer seems like the easiest kind of celebrity to become. After all, what could be more fun, and less taxing, than playing video games at home and chatting with friends online? But in fact being a professional streamer is deceptively difficult. They’ve got to be good at the game, but also keep an eye on the chat function, plus a running commentary that’s engaging for viewers. Here are a few of the qualities it takes to make it big in the world of video game streaming:
🎮 Be good at video games
🤝 Be accessible
📅 Be consistent
📚 Read the field guide
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📣 Sound off
Have you watched any video game live streams?
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