YouTube Live (2011) vs Twitch (2011): Streaming wars. Twitch dominated gaming (2014-2020) with chat culture, emotes, community. YouTube advantages: better discoverability, VOD integration, broader audience. By 2023: Top streamers (Valkyrae, CouRage, Ludwig) moved YouTube for guaranteed contracts. Gaming still Twitch-first, but YouTube closed gap via exclusive deals, better monetization (SuperChat), VODs becoming clips/Shorts.
Sources: Streaming platform statistics, creator migrations, revenue comparisons