Game developers have dealt with piracy in the past, which can be detrimental to their revenue streams. One potential downside of live-streaming is the potential for copyright infringement.

This has helped to diversify the gaming industry’s revenue streams, making it more resilient to changes in the market.

However, with the rise of live-streaming, game publishers can now earn income through advertising and sponsorships. In the past, game publishers relied heavily on game sales and in-game purchases for revenue. It has also significantly impacted the gaming industry’s revenue streams. This has helped increase eSports’s popularity, as more people can now watch and follow their favourite teams and players. Live-streaming has played a significant role in eSports’s growth, making it possible for gamers to watch professional matches from anywhere in the world. eSports tournaments have become increasingly popular, with prize pools reaching millions. It's also reportedly planning to release two more gaming headsets by 2024 alongside two work-focused ones too.Another impact is the rise of professional gaming or eSports. The company had invested fairly significantly in the app since it was launched in 2020, even taking on YouTube by introducing an on-demand initiative called Stars for Gaming Videos on Demand.įacebook's parent company Meta is still locked into gaming in other ways, perhaps most prominently with its Meta Quest VR headset. 'Despite this news, our mission to connect players, fans, and creators with the games they love hasn't changed, and you'll still be able to find your games, streamers, and groups when you visit Gaming in the Facebook app.'Īs indicated by the message, all streaming functionality will still remain on the main Facebook app or webpage, the specific app to watch video game livestreams will just no longer work. This was truly a community-led effort to bring new gaming features to Facebook. 'We want to extend our heartfelt thanks to all of you for everything that you've done to build a thriving community for gamers and fans since this app first launched.

😬 /P6mDEFRheo- Gothalion August 29, 2022 'Beginning on October 28, 2022, the Facebook Gaming app for iOS and Android will no longer be available,' the post said. Popular Twitch streamer Gothalion shared a screenshot of a new message that has appeared on the app sharing the shutdown news and warning users to download any search data while they still can.

Facebook gaming app download