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Twitch CEO Emmett Shear has announced his intention to step down as CEO of the popular video streaming platform he co-founded over 16 years ago.
Shear announced the news in a blog post on Thursday, saying he will join the company as an advisor. Dan Clancy, Twitch’s President since 2019, will be his successor.
Shear oversaw Twitch’s transformation from a live streaming platform for gamers to a popular hub for online entertainment, with many online celebrities earning millions of dollars from streaming their content during his tenure.
Twitch, on the other hand, has recently come under fire for its revenue-sharing policies with streamers, IANS reported.
In response to this criticism, Twitch announced in September that its top creators would be able to keep 70 percent of revenue for the first $100,000 earned, with the standard 50 percent share taking effect after that.
Clancy, Shear’s replacement, has held senior positions at NASA, Google, and Nextdoor. He will now be in charge of steering Twitch through a period of continued growth and innovation in the highly competitive online entertainment industry.
