Caffeine TV, a streaming platform backed by Disney, Fox, and Cox, has shut down after carrying LIV Golf's content. The company, which had raised nearly $300 million in funding, cited lack of profitability as the reason for its closure.
Caffeine's interactive livestreaming platform for sports and entertainment was not yet profitable. https://t.co/x4gfgjpr0k
LIV Golf's first streaming partner, Caffeine TV, shuttered midway through its first season paired with the upstart league. https://t.co/pA2Xn7hGfH
Live streaming platform Caffeine TV has shut down They raised nearly $300 million since 2018 in funding https://t.co/gWZFYbkTjE
Caffeine, a social streaming sports platform that had raised nearly $300 million from companies like Fox, Disney, Cox, Andreessen Horowitz and Greylock, abruptly shuttered on Wednesday https://t.co/F42oXJtnfv
Fox-Backed Streaming Platform Caffeine Abruptly Shuts Down https://t.co/fOWLBFIRpb
LIV Golf's first streaming partner, Caffeine TV, shut down midway through its first season paired with the upstart league. https://t.co/pA2Xn7hGfH
Caffeine TV, a streaming platform that has been carrying LIV Golf's content, announces it is shutting down due to a lack of profitability (@andyrobertsgolf / GolfMagic) https://t.co/m37rMlILJN https://t.co/EPnPcWLfHW
Caffeine TV, backed by Disney, Fox, and Cox, and streamed the LIV golf tournament, has shut down. Claims to have had 61 million monthly users. https://t.co/EpgYGc3IOI
Streaming platform Caffeine shuts down https://t.co/P7B4lXuVyN
I cannot believe that Caffeine, a company who paid to show something that was already free on the world's most popular streaming platform, went out of business. Surely this is a reflection of LIV Golf's performance and not a representation of Caffeine's poor business model! /s