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I wrote arguably the biggest story of my career on Friday about how Esports Engine, Gaming, Vindex, and ESL. Really proud of this one.
The sale of Vindex to ESL FACEIT Group (EFG) in March 2023 brought a strange sense of Déjà vu to Esports Engine employees who also worked together at MLG.
Orgs Gone Wild: In May, 27 teams promoted the hashtag but didn't disclose that they were engaging in marketing because they are part of the Esports World Cup Foundation Club Support Program. We asked multiple regulators/SROs (Federal Trade Commission, Competition Bureau Canada, Advertising Standards Authority, and even the European Commission) if these orgs broke any rules:
Between May 6 - 13, esports organizations that are part of the Esports World Cup Foundation Club Support Program engaged in an advertising blitz on Twitter,
International esports organization Team Liquid announced Tuesday that it has acquired Southeast Asia-based esports organization STUN.GG and its esports properties AURA Esports in Indonesia and Echo Esports in the Philippines.
https://esportsadvocate.net/2024/05/team-liquid-acquires-stun-gg/
International esports organization Team Liquid announced Tuesday that it has acquired Southeast Asia-based esports organization STUN.GG.
Moonrock brings on Doug Parsons as its Director of Program Management.
Doug Parsons has joined New York-based content marketing and media agency Moonrock as its new director of program management.
Valve has announces the site for its annual world championships
Valve announced that its annual Dota 2 The International, will return to Seattle in October at the Climate Pledge Arena.
Three esports stories you may have missed from last week.
Back To School: Nerd Street plans to open a second collegiate-focused Localhost - this time at Albright College in partnership with PlayFly Esports some time in 2024.
Nerd Street Gamers will build out a second collegiate esports facility at private liberal arts school Albright College.
The OWL and CDL are in trouble. Or are they?
The Fudge Report looks at the recent SEC filing from Activision Blizzard.
An SEC filing this week from Activision Blizzard should give OWL and CDL fans some pause about their futures.
CHALLENGE ACCEPTED: Popular Epic Games Fortnite is part of the Olympic Esports Series 2023 June 22-25.
The International Olympic Committee announced Friday that Epic Games’ popular game Fortnite will be part of the Olympic Esports Series 2023.
Skyesports names sponsors for its first franchised CS:GO tournament
Windows 11 and AMD have been named the "powered By" sponsors of Skyesports Masters, a franchised CS:GO tournament.
PlayVS CEO Delane Parnell steps down
U.S.-based scholastic esports company PlayVS announced this week that longtime CEO Delane Parnell has stepped down from the role.
Overactive Media signs new deals with AMD and others
Toronto Ultra, Toronto Defiant, and MAD Lions OverActive Media owner brings secures deals with AMD, SCUF, LG Ultragear, and Nielsen Sports.
Game engine developer Unity to lay off 600 employees
Game development engine software maker Unity Software will lay off an additional 600 employees, or 8% of its workforce.
Activision Blizzard Q1 financial report shows strong profitability,
Read more: https://esportsadvocate.net/2023/04/activision-blizzard-q12023/
A report states that is returning to India in Q2 after being banned.
According to a report from financial services company Samsung Securities, Battlegrounds Mobile India will return in Q2 of 2023.
Esports takes another hit!!!
OverActive Media reports HUGE net loss in 2022
MAD Lions, Toronto Defiant, and Toronto Ultra owner OverActive Media posted a $27.1M USD loss for fiscal year 2022.
UPDATE: UK authorities review Activision Blizzard merger with Microsoft with a net positive result.
Read more:
UK’s Competition and Markets Authority changes its preliminary findings on Microsoft - Activision Blizzard deal.
PARTNERSHIP: Revenant Esports partners with PUMA for new YouTube competition series
Revenant Esports launches a new competition series highlighting PUMA's game crossover with Need For Speed Unbound apparel line.
This Week in Business.
FazeClan stock news, DreamHack San Diego economic impact and more...
https://jamesfudge.substack.com/p/this-week-in-esports-business-april
POKEMON UNITE:
Skyesports announced their league will return with a new
Indian tournament operator Skyesports announces the return of Skyesports League Returns with a Pokémon UNITE competition.
MUISCal COLAB: Talon Esports TH & United Esports come together for an album
Talon Esports and United Esports partner for a new album featuring popular content creator Gamtoh, with first track released today.
Another developer gets an approval to sell in China
After nearly seven years of waiting Moonton’s Mobile Legends: Bang Bang finally receives game approval in China.
The recent LCS event was seen as a failure. Less than 300K people viewed the title match online.
However, Benedikt Becker writes that there is more here than just a total viewership number. Some interesting demographics are in play.
Read more: https://esportsadvocate.net/2023/04/lcs-viewership-shikenso/
SOLD: RESPAWN Products bought out by group lead by Preston Gardner.
Read more:
Ty Maras, John Gardner, and Preston Gardner have teamed up to acquire gaming furniture company RESPAWN Products.
MORE LAYOFFS!!
EEG eliminates almost 60 jobs, cuts debt with asset sale.
Read more:
Esports Entertainment Group details restructuring plan, divestments, and staff reductions in a new letter from its CEO.
Activision Blizzard announced that the Call of Duty League Championships will be held June 15-18 in Las Vegas.
Monster Energy is signed as a sponsor.
Activision Blizzard announced that the Call of Duty League Championship Weekend will take place in Las Vegas this summer.
HIRED: Skyesports hires Sashank Bhandaru as its Head of Global Business Partnerships.
Read more:
India esports tournament organizer Skyesports hires two Shuchi Kulshreshtha and Sashank Bhandaru to shore up executive team.
*BREAKING*
FURIA Esports has renewed its partnership with PokerStars on a multi-year deal.
Read more:
Bazilian esports organization FURIA renews its partnership with poker site PokerStars in a new multi-year deal.
The US Army and Complexity Gaming are coming together again for Solider Showdown 5.
Read more: https://esportsadvocate.net/2023/04/soldier-showdown-5/
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Three esports stories you may have missed from last week.
How did a teenager generate $150k in revenue before he could drive? And then turn that into a big time #esports career? Read the fill story on the site: https://esportsadvocate.net/2023/04/the-path-m80-nate-schanker/
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