Goodbye to Twitch in South Korea! An unexpected turn has shook the live streaming world, leaving South Korean creators and viewers in a state of uncertainty. The platform that was once an epicenter for diverse content and experiences is saying goodbye abruptly, raising questions about the future of streamers in the region.
In the midst of the launch of Stories for streamers on Twitch, the platform surprises by announcing the suspension of services in South Korea in February. The decision is based on network costs in Seoul, which turn out to be “ten times higher than in most other countries.”
Twitch closes in South Korea due to high costs
Twitch, known for being fertile ground for streamers and viewers around the world, has made a drastic decision in South Korea. In a letter sent by Dan Clancy to partners and affiliates, he reveals that the platform will close its services in February 2024. The reason? A increase in costs and decrease in profitability have led to this unexpected farewell.
In a blog post from the company, the official farewell of Twitch in South Korea is announced, with key dates that will mark the closing of this chapter. The curtain will fall February 27, 2024, while partners and affiliates will say goodbye on June 4. Before the big farewell, the platform promises assistance to help streamers migrate to other platforms.
Recommendations include exploring simulcasting and establishing alternative sites. This may be a opportunity for new services to stand out in the South Korean streaming scene. In the meantime, Twitch is collaborating with other platforms to facilitate a smooth and successful transition.
Network fees suffocate Twitch in Korea
Amazon’s streaming platform, Twitch, reveals operating with significant losses in Korea due to high local costs, especially network fees imposed by the country’s legislation. Despite attempts to reduce costs, such as limiting video quality to 720p, the efforts have not been sufficient.
Korean network rates are 10 times higher than most countries, making operations unfeasible. Twitch is facing financial difficulties and cannot find a solution to continue its operations in Korea. The platform is forced to close, marking an important precedent in its history.
How will this affect the community of creators and followers in the region?
In South Korea, there are many local streaming platforms, including AfreecaTV and Tving, which compete strongly with international services. Twitch stood out in the South Korean scene, especially in League of Legends eSports. The announcement of its closure has surprised many users, signaling a change regarding live streaming in Korea.
With the imminent closure of Twitch in South Korea, creators are left reflecting on the uncertain future that awaits them, investigating which platforms will give them a new stage to stand out. Twitch is not the only one that has experienced problems, this year, the gaming and streaming scene in Korea has experienced unexpected turns, with various companies facing closures and layoffs.
Users, for their part, will be forced to explore alternatives looking for platforms and services that fill the void left by the closure of Twitch. The search for new opportunities is presented as a necessity in this changing live streaming landscape in South Korea.
With the closure of Twitch in South Korea, the streaming community faces a challenge, but also the possibility of discovering new gems in the world of online entertainment.
Source | Twitch