Competitive gaming and esports are taking the country by storm, and corporate America is paying attention. One of the two teams that will compete this weekend in the Overwatch Grand Finals at Brooklyn’s Barclays Center is largely owned by the media giant Comcast.
And the reason is pretty simple, says Joe Marsh, CFO of the Philadelphia Fusion. “It’s about reaching the demographic that’s unreachable,” he said in an interview with Cheddar on Thursday. “A lot of the demo has ad blockers up and you’re not able to reach them.
“To be able to actively invest in something they’re actually seeking out and watching on Twitch and other streaming services and now to be transitioning that to linear TV with the ESPN deal, they just realize it’s a good area to target a new demographic of consumers that they’re going to guide through the next 50 years.”
The Philadelphia Fusion is something of a Cinderella team in the Overwatch League postseason. They entered the tournament as the No. 6 seed but upset No. 3 seed Boston in the quarterfinals and then the No. 1 seed New York Excelsior in the semis.
Tucker Roberts, president of the Fusion, said it was “unbelievable that our team got this far, given that a lot of analysts pegged us to finish eighth and not even make the playoffs.”
The Overwatch League is only in its first year; yet the enormous popularity of the game is bringing 20,000 spectators to the Barclays Center on Friday and Saturday. With that exploding popularity, Roberts sees a strong future for eSports.
“It’s a global sport,” he said. “It’s not like it’s a regional thing. It’s 40 million players from every single country you can think of.”
For full interview, [click here] (https://cms.cheddar.com/videos/VmlkZW8tMjEyMTg=).
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Amazon is reportedly looking to expand its foothold in live programming, with an eye on the 22 regional sports networks that Disney must spin off as part of its acquisition of 21st Century Fox. For Amazon, it would be the extension of a grand strategy that has been both simple and consistent: drive more Prime subscriptions.
PlayVS, a start-up created to build an infrastructure for high school esports, has announced a new Series B funding round of $30.5 million, led by Elysian Park Ventures, a firm that operates on behalf of the Los Angeles Dodgers ownership group. The new funding will also bring in new investments from Adidas, Samsung NEXT, and Plexo Capital, and angel investors include Sean “Diddy” Combs.
These are the headlines you Need 2 Know for Monday, Nov. 19, 2018.
Mike Sepso is a gilded name in esports. His latest win? The senior VP of Activision Blizzard was recently appointed a strategic partner of Overwatch team league New York Excelsior. And he also happens to be the leader of Major League Gaming, which he founded with partner Sundance DiGiovanni in 2002. But before he assumed his throne, Sepso conceived MLG during a single lazy summer when he and his partner were basking in the glory of their previous company, Gotham Broadband.
These are the headlines you Need 2 Know for Friday, Nov. 16, 2018.
These are the headlines you Need 2 Know.
Super Bowl Champion Darrell Revis is now the face of online bookmaker PointsBet's digital sportsbook, launching later this month. Revis and PointsBet CEO Johnny Aitken told Cheddar how they're trying to educate consumers about legal sports betting.
The Golden State Warriors' star-studded lineup and three championship rings over the last four seasons have been a major revenue driver for the team's business, but the next phase of growth will rely on local real estate, said the team's chief financial officer Jennifer Cabalquinto.
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