Twitch is raising subscription prices for the first time (in this country, the increase is 343%)

Twitch is raising prices for its channel subscriptions for the first time, per Engadget.

Just over a month in the past, Twitch introduced that one in three of its workers should go in a 35% layoff spree.

In two rounds of job-cutting fiesta, Amazon’s Twitch laid off a couple of thousand staff in complete. By the means, in 2022, Amazon initiated its personal workforce discount, which affected some 27,000 positions throughout the firm, and parallels with the “Red Wedding” episode from “Game of Thrones” have been drawn.

Before that, Twitch introduced that it was ceasing its operations in Korea (South Korea, not North Korea, duh!) in February 2024.

The Amazon-owned streaming platform says it has been working at “significant losses” due to excessive native prices. The firm particularly pointed to the excessive community charges in the nation. Korea launched laws that might pressure main content material suppliers to pay to make use of networks in the nation.

Apparently, Twitch has some cash issues.

Now, the platform says that “updating prices in several countries” will “help streamer revenue keep pace with rising costs and reflect local currency fluctuations”. The first markets to really feel the impression of these adjustments are the UK, Canada, Australia and Turkey.

As of March 28, Tier 1 subscriptions and reward subs shall be dearer in the UK, Canada and Australia. A base/reward sub is going up from £5 to £6 in the UK, $7 CAD to $8 in Canada and $8 AUD to $9 in Australia. Tier 2 and three prices will stay the identical in these international locations.

In Turkey, Twitch is considerably rising the worth of all three tiers. For occasion, a Tier 1 sub will quickly value 43.90 lira ($1.42) as an alternative of 9.90 (32 cents). Don’t be shocked by these figures – the worth of the Turkish lira has plummeted over the final decade. However, a 343% bounce isn’t humorous should you’re the one paying for it.