Signing a $100 Million Dollar Deal to Talk in Front of a Camera

This is the New Money Talks Newsletter, packed with entrepreneurs’ personal stories, real estate investing, financial tips, and more! All in three sections!

Don’t forget to subscribe to our YouTube Channel :)

In this edition of our newsletter, we take a deep dive into the 100 million dollar deal a popular Twitch streamer signed to go with another platform.

A Landmark Deal: xQc Joins Kick

Renowned Twitch streamer Félix Lengyel, popularly known as xQc, has taken a bold step in his career. He has signed a groundbreaking deal with the newcomer streaming platform, Kick. This is not just any deal, but a whopping $100 million contract for two years. With a loyal fan base of nearly 12 million followers on Twitch, his move signals a significant shift in the streaming industry.

The Twitch-Kick Tug of War

The journey of Twitch and its streamers has been a roller-coaster ride. Last year, Twitch faced backlash for taking a larger cut of streamers' revenue, which led to many popular personalities exploring other platforms. Kick, making a strong entry into the market, is capitalizing on this by offering attractive contracts and a modest 5% cut on streamers' earnings. xQc's move is a clear indication of the changing dynamics in the streaming world.

Lessons from the $100 Million Deal

What can we learn from xQc's monumental deal? It's a clear indication that diversification is key. By exploring new platforms and opportunities, one can often find better deals and conditions. The streaming industry is no longer a monopoly, and personalities like xQc are leading the charge in ensuring their talent is aptly rewarded.

Tweet of the Day

If you read today's newsletter and enjoyed it even half as much as we enjoyed preparing it for you, we'd love for you to reply and give your feedback so we can keep improving them over time!

See you on Friday :)