Rumble Surges with Streaming Agreement with Dr Disrespect
Rumble Inc. shares shot up by 13% on Monday following the announcement that they have brought onboard Dr Disrespect, a popular online personality, to lead Rumble Gaming. This move is expected to inject new energy into their gaming category, according to Rumble Chairman and CEO Chris Pavlovski. Guy Beahm, aka Dr Disrespect, will be streaming both free and premium content on the platform, starting with his debut show on December 2nd. The agreement with Beahm also includes equity as a significant part of his compensation, marking a significant milestone for both parties.
This exciting development led to a surge in Rumble Inc.’s market value by $233 million, reaching its highest level since May. As Peter Thiel and Vice President-elect JD Vance were already backing Rumble, this move further solidifies the platform’s position in the streaming space. It’s worth noting that Rumble went public through a special purpose acquisition company merger in 2022.
Despite the positive momentum, earlier this year, Beahm faced challenges with his YouTube channel being demonetized due to reports alleging inappropriate interactions, leading to his ban from Amazon.com Inc.’s Twitch platform in 2020. He has since been trying to get his YouTube channel re-monetized without success. However, the partnership with Rumble signals a new chapter in his content creation journey.
Rumble Inc.’s stock has seen a 63% increase this year, although it dipped slightly in mid-November after reporting revenue below analysts’ estimates. The streaming platform continues to make waves in the industry, with the addition of Dr Disrespect set to bring in a fresh wave of engagement and excitement to its gaming category.
