YouTube Names Google Play Executive As New Gaming Head - Alphabet (NASDAQ:GOOG), Alphabet (NASDAQ:GOOGL)

Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) YouTube anointed Leo Olebe as the new head of its gaming unit after an eight-month vacancy for the position, Bloomberg reports citing a company email.
Olebe has held executive roles in Google Play's games partnerships division and a similar position at Meta Platforms Inc (NASDAQ:META) Facebook.
Olebe replaced Ryan Wyatt, who left for crypto startup Polygon Studios earlier this year.
Olebe is also a board member of Games for Change, a nonprofit organization that facilitates real-world social change through games and the gaming community.
Before Facebook, Olebe held positions at Electronic Arts Inc (NASDAQ:EA) and Zynga.
YouTube is the most popular website for gaming videos clocking over 90 million hours of gaming live streaming in the first half of 2021.
The report added that YouTube received over 800 billion views related to gaming.
On October 17, Comcast Corp's (NASDAQ:CMCSA) Spectator division reportedly decided to shut down its video game-centric television and online network G4 after mass layoffs after failing to gain traction.
On October 14, Take-Two Interactive Software, Inc (NASDAQ:TTWO) shared its plans to shut down the New York-based studio behind the popular mobile game Dots, eliminating 65 jobs.
In August, Facebook shared plans to close down its Facebook Gaming app after failing to gain a foothold in the live game streaming market.
Price Action: GOOG shares traded higher by 0.64% at $100.93 in the premarket on the last check Thursday.

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