Constance Knight, Head of Content at Twitch, informed employees of her departure from the company on the same day that the streamer rewards policy change was announced. In a letter to staff, she stated that she would do so “a new adventure that offers exciting opportunities for professional and personal growth”. Knight previously held similar positions at Instagram.* and YouTube.
Knight resigned after Amazon-owned platform Twitch announced a cut in payouts to top streamers a few days ago. Under the new rules, premium streamers will only get 70% of earnings starting from the first $100,000, after which their earnings will be reduced to 50%. This change will take effect on or after June 1, 2023 for those whose current contracts have a longer term. According to Twitch, given their current revenues, this innovation will not affect 90% of the platform’s streamers. Company officials declined to comment on Knight’s resignation.
The announced policy changes have heightened fears among current and former Twitch employees that the platform is losing touch with the content creators that attract millions of viewers. Although only a small number of streamers get higher income from a premium subscription, data from Twitch suggests that about 22,000 content creators expected to interact with the platform under such conditions. According to the source, Twitch plans to focus on encouraging streamers to show promotional content.
* It is included in the list of public associations and religious organizations for which the court made a final decision to liquidate or ban activities on the grounds provided for in Federal Law No. 114-FZ of July 25. 2002 “On Countering Extremist Activities”.