Twitch $46B Valuation, TikTok Live Achievements, Trump Unbanned, and Clip Creator

Hello! It's a nice short week for updates - so let's keep the intro equally short!

Instead, if you enjoy the newsletter and want to support directly, become a Premium member for just $4.99 a month! Thank you so much ahead of time for your support. I honestly could not do this without people like you!

Let's get into the recap!

Twitch News

• The new Clip Creation flow is slated to be released to everyone later this summer, with an initial group very soon. Best of all, it seems that when viewers create clips, they will automatically create vertical clips for the streamer.
• When the new intentional clip-saving system may reduce clip quantity by up to 76% - that's how many clips Twitch believes are unintentional.'
• According to Needham, Twitch is now valued at $46B. That's up from $45B a year ago.
• Eurogamer interviewed the head of partnerships and VP of product about the future of Twitch.
• Twitch unbanned Donald Trump this week after suspending him indefinitely after the Capital Riots. A spokesperson says Twitch "believe there is value in hearing from Presidential nominees directly,."
• According to the Federal Election Commission, Twitch CEO Dan Clancy contributed to Robert F Kennedy's campaign in November. He says it must have been his wife.
• Twitch's new DJ Program launches on August 1st, with a seven-day promotional event from August 8th to 14th. DJs are being invited to the campaign now.
• Mikey Minty, the Chief Monetization Officer, is speaking on a panel about the creator economy at FT Live in September. If anyone is attending, please let me know!
• AMD Radeon users (900-series or newer) can now access Twitch's Enhanced Broadcasting via OBS.

Streaming Industry News

• YouTube is the most widely used video streaming service in Canada, with 81% coverage, while Twitch sits at 4% coverage. Netflix is at 21%, Disney+ at 10%.
• YouTube reintroduced the "View Email Address" field, suggesting its disappearance may have been a bug.
• You can now connect and sell your Fourthwall merch through Instagram and Facebook! Fourthwall continues to make it easier to build the business around your content! Get started now with a $15 sample credit!*
• Fossabot has now added YouTube Live support.
• TikTok launched Live Achievements to help creators achieve goals and set their own records to break.
• TikTok lost its first challenge in the EU as the region cracks down on big tech.
• Instagram's in-app editor now includes up to 20 audio tracks.
• Discord partnered with Paramount to bring Spongebob decorations to the effects shop.
• Discord is adding the ability for apps to upload and use emoji.
• Vidcon has canceled the Baltimore edition of the convention.

*This is an ad.