*By Conor White*
Mastercard is teaming up with "League of Legends" to become the first global sponsor of one of the world's largest esports ー all in the interest of greater connectivity.
"We are looking for passion points where we can create and curate experiences for our consumers," Raja Rajamannar, Mastercard's chief marketing and communications officer, said.
The financial giant will focus on three annual global tournaments: the Mid-Season Invitational, the All-Star Event, which rounds out the year, and the pinnacle of all esports eventsー the World Championship, which begins in South Korea on Oct. 1.
For Rajamannar, the deal arrives at an ideal time. He told Cheddar that "esports is absolutely stunningly big and growing fast."
Mastercard will offer "Priceless" experiences ー behind-the-scenes tours, the chance to watch a game with a "League of Legends" pro player from VIP seats, and even an opportunity to test the gaming PCs the pros will compete on during the World Championship final.
In Rajamannar's view, it's all about interactive ads, the way of the future.
"The traditional model of advertising is dead, storytelling is dead," said explained. "It's all about story-making."
"You create experiences for consumers in the areas they care about, and then they become the storytellers themselves."
The partnership will also diversify Mastercard's world-class sports and entertainment portfolio, which already includes partnerships with MLB, the PGA Tour, and rights to the Rugby World Cup Japan 2019. League of Legends games are broadcast to millions of fans across the world in 18 different languages, and the World Championship event boasts an average 80 million unique viewers.
This is Mastercard's first foray into the esports arena, and though the company knows it has a long way to go, Rajamannar ー along with the rest of the team ー is excited and something on which he's willing to take a risk.
"We are at the beginning of the journey, and it's a big step that we are taking," he said. "We want to be very thoughtful, we want to be very careful and learn along the way."
For full interview [click here](https://cheddar.com/videos/master-of-esports).
Elon Musk may not have founded Tesla, but he has become the company, and it’s become him. Now sales are plummeting. Is he toxic for the Tesla?
About 780,000 pressure washers sold at retailers like Home Depot are being recalled across the U.S. and Canada, due to a projectile hazard that has resulted in fractures and other injuries among some consumers.
Europeans upset with Elon Musk still aren’t buying his electric cars, adding to a long losing streak for his company.
President Donald Trump has fired one of two Democratic members of the U.S. Surface Transportation Board to break a 2-2 tie ahead of the board considering the largest railroad merger ever proposed.
Ford is recalling more than 355,000 of its pickup trucks across the U.S. because of an instrument panel display failure that’s resulted in critical information, like warning lights and vehicle speed, not showing up on the dashboard.
Nvidia reported a 56% increase in second-quarter revenue and a 59% rise in net income compared to a year ago.
The Rev. Al Sharpton is set to lead a protest march on Wall Street to urge corporate America to resist the Trump administration’s campaign to roll back diversity, equity and inclusion initiatives. The New York civil rights leader will join clergy, labor and community leaders Thursday in a demonstration through Manhattan’s Financial District that’s timed with the anniversary of the Civil Rights-era March on Washington in 1963. Sharpton called DEI the “civil rights fight of our generation." He and other Black leaders have called for boycotting American retailers that scaled backed policies and programs aimed at bolstering diversity and reducing discrimination in their ranks.
President Donald Trump's administration last month awarded a $1.2 billion contract to build and operate what's expected to become the nation’s largest immigration detention complex to a tiny Virginia firm with no experience running correction facilities.
Netflix CEO Ted Sarandos claims audiences don't want to watch Netflix movies in theaters, but that seems not to be the case recently.
Chipmaker Nvidia is poised to release a quarterly report that could provide a better sense of whether the stock market has been riding an overhyped artificial intelligence bubble or is being propelled by a technological boom that’s still gathering momentum.
Load More