In November 2015
SeedInvest, along with
Wargaming and North Base Media, funded Hitbox with investing $4,000,000
USD. CEO and co-founder Martin Klimscha was interviewed about Hitbox. He stated that their "goal at the moment is to build a superior live streaming platform", therefore taking on
Twitch. He also stated that they wanted to improve the game streaming service by reducing
latency. He said that Hitbox was to be more than the "streamer and the chatbox", and would "build interactivity into this live streaming experience. Twitch's CEO
Emmett Shear held an
Ask me Anything (AMA) on
Reddit in which he mentioned that Twitch would be implementing "muting of archived streams playing music that was not licensed in previously recorded Video On Demand". He said that Twitch would be "scanning for 'ambient music' being played in the background by streamers". Hitbox hoped to capitalize on this by not being as strict on
video on demand. ESL and Wargaming only exclusively partnered with Twitch in the past. "Hitbox does offer revenue-share for non-partners and their service is slightly more South-African friendly." Hitbox partnered with broadcasting company Nav-TV in
South America. A third party has released an app for the company on the
Windows App Store. There is also an app for
Android as well as
IOS. Hitbox planned to offer a 60
FPS,
4K resolution streaming service in late 2016. but this plan was canned with its merger and shutdown. Hitbox had about 6 million
monthly active users in its later months. They transitioned into using an
HTML video player instead of a
Flash Video player. In November 2016, WarGaming, among other investors, invested 4 million US dollars into Hitbox. On January 10, 2017, Hitbox announced through their blog that they were being acquired by
Azubu. On May 5, 2017, Hitbox shut down and their website was redirected to Smashcast, a new
Live-stream service, which they claim is "spiced up with a new design & features and managed by a team consisting of Hitbox and Azubu staff". ==References==