Epic Games Worth $28B As Fundraising Is Close To Ending
On March 21st, Sky News revealed that Epic Games, the company behind Fortnite, is finalizing the terms of a $1Continue Reading
Category: Profit’s Takes
The Profit of Esport’s takes on esports and gaming news.
YMCA Creates Esports League And Tournaments
The YMCA in Baton Rouge, Louisiana announced it has launched an esports league as well as many esports tournaments. TheContinue Reading
Minecraft Earth To Shut Down Leaving ARs Future Unclear
Recently, Microsoft announced that Minecraft Earth, an augmented reality game, will be shutting down in June. The company went onContinue Reading
ByteDance Going Head-To-Head With Tencent
Last week, ByteDance acquired Moonton, a mobile gaming studio. This move is part of the company’s ambitious plan to cementContinue Reading
Qualcomm Reportedly Developing Gaming Device
According to The Verge, Qualcomm is reportedly working on developing an Android-powered handheld gaming device similar to the Nintendo Switch.Continue Reading
Amazon Games Opens Development Studio In Canada
Last Tuesday, Amazon games announced it opened a new game development studio in Montreal, Canada. The studio will focus onContinue Reading
Gamestop Announces Plans To Expand Into Other Markets
During Gamestop’s Q4 2020 earnings conference call on Tuesday, CEO George Sherman announced plans for the company to expand intoContinue Reading
Microsoft Will Add 20 Bethesda Titles To Xbox Game Pass
Last week, Microsoft announced plans to make 20 Bethesda Softworks games available to users that have an Xbox Game PassContinue Reading
Gaming And Esports Agency “Reset” Launched By Minute Media, Spotify, And SRI Execs
The former executives of Minute Media, Spotify, and SRI came together to launch “Reset,” a company that will serve asContinue Reading
GameStop’s Price Target Increased To $175
On March 24th, the Jefferies analyst Stephanie Wissink raised her price target on shares of GameStop stock to $175. ThisContinue Reading
Microsoft Reportedly In Talks To Buy Discord For $10B
According to a report by Bloomberg News that came out on Monday, Microsoft is currently in talks to buy messagingContinue Reading
FDA-Approved Gaming Shines Light On The Industry’s Therapeutic Potential
Last year, the Food and Drug Administration gave its first approval to a video game “to improve attention function inContinue Reading
Microsoft Begins Testing Dual-Screen Gaming
In Mid-March, Microsoft announced it was introducing support for dual-screen gaming on compatible devices. The feature is now available onContinue Reading
Super League Gaming Announces $13.6M Sale Of Common Stock
Last week, Super League Gaming announced the sale of 1.5 million shares of common stock valued at the price ofContinue Reading
Rocket League Is Esports’ Best Shot At Making It To The Big Leagues
Even though several titles are hard to watch or understand casually, Rocket League may be the esports game that helpsContinue Reading
Tencent And Sony Step Up Investments Into Cloud-Gaming Initiative
Ubitus, a cloud-gaming tech company, announced it secured investments from Tencent, the Sony Innovation Fund by IGV, Square Enix, andContinue Reading
Griffin Gaming And Warner Music Group Invest In Overwolf
On Tuesday, Overwolf, a platform that enables creators to build, distribute, and monetize in-game apps, announced that it was ableContinue Reading
Super League Gaming Acquires Mobcrush In All-Stock Deal
Last week, Super League Gaming Inc. announced it acquired Mobcrush in an all-stock transaction. The terms of the transaction areContinue Reading
Tiger Woods Is Returning To The World Of Golf Video Games
Take-Two Interactive announced that it has signed a long-term partnership with golf legend Tiger Woods. The deal includes the rightContinue Reading
Business of Esports Minute #041: Huawei Esports, Andbox Lifeline, Blizzard Tragedy
A week of news covering the intersection of business and gaming / esports, all in about one minute – everythingContinue Reading
Activision Blizzard Lays Off Almost 50 Employees Citing Effects Of COVID-19
On Tuesday, Activision Blizzard announced the company would be laying off about 50 employees across a variety of divisions dealingContinue Reading
Huawei Becomes First Smartphone Vendor To Integrate Esports Updates
Earlier today, Huawei Assistant announced it is receiving the support of an esports “card” so that the AI-based tool willContinue Reading
Company Specifies Meyers Leonard Was Not A “Member Of FaZe Clan”
Last week, esports organization FaZe Clan announced it cut ties with NBA player Meyers Leonard after he used an anti-semiticContinue Reading
Kevin Durant Invests In New York-Based Esports Organization
Thirty Five Ventures has partnered with Andbox, a premier New York esports organization. The move hopes to capitalize on NewContinue Reading
Study: Revenue From Gaming Loot Boxes Will Exceed $20B By 2025
In a new study from Juniper Research, reports indicate that revenue from loot boxes used in online video games isContinue Reading
Queen Elizabeth Olympic Park Launches Plan To Create Esports Cluster
Delancey’s Here East, a tech and innovation campus, has committed to leading a major new plan to accelerate the growthContinue Reading
Chipotle Partners With Esports And Gaming Influencers To Promote New Menu Item
Hand-crafted quesadillas have officially been added to Chipotle’s regular menu thanks in part to a digital-marketing campaign that tested wellContinue Reading
Nodwin Gaming Receives $22.5M From PUBG Owner
Last week, Nodwin Gaming (an India-based gaming and esports firm) announced that it received a $22.5 million investment from KraftonContinue Reading