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StreamElements and Stream Charts launched a report as we speak exhibiting how the reside streaming market cut up in South Korea and who’s profiting from Twitch’s departure from the nation.
Streaming platforms AfreecaTV and CHZZK are filling the hole, per their hours watched throughout Q1 performances.
Final month, AfreecaTV was nonetheless in the lead with 98 million hours watched, whereas CHZZK got here in second with 59 million hours. In the meantime, Twitch Korea pulled 5 million hours watched.
Twitch introduced in December that it was shutting down in South Korea, citing high-performance prices.
AfreecaTV introduced that it is going to be launching a beta of SOOP, its international streaming service, in the course of the first half of 2024.
Naver, the corporate behind CHZZK, additionally has a beta that’s deliberate to launch worldwide this 12 months.
“This previous 12 months, the discourse on reside streaming platforms has been rooted in Twitch, YouTube, and Kick as content material creators weigh choices for reaching the broadest viewers,” stated StreamElements co-founder Or Perry.
“In South Korea, AfreecaTV and Naver need to be part of the dialog by launching international platforms this 12 months, with Naver’s CHZZK at the moment in beta and AfreecaTV’s SOOP beta introduced for the primary half of 2024.”