FaZe CEO: “Ninja” Is Not On The Cutting Edge Of Gaming
Recently, FaZe CEO Lee Trink spoke about the state of the esports industry in an interview with Ralph Simon. InContinue Reading
Category: Profit’s Takes
The Profit of Esport’s takes on esports and gaming news.
Company Behind Cloud Gaming Platform “Shadow” Files For Bankruptcy
According to 9to5Google, the company that created the cloud gaming platform “Shadow” has filed for bankruptcy in the United StatesContinue Reading
The Video Game Industry Is Consolidating
Last week, Epic Games announced plans to purchase Tonic Games Group, the company that made Fall Guys. This move isContinue Reading
Silicon Chip Shortage May Delay Release Of Gaming Accessories
A low supply of silicon chips that are used in electronic devices is expected to cause a delay in theContinue Reading
Saudi Arabia Launches Initiative To Enhance Gaming Industry
Last week, Saudi Arabia’s communications regulator launched a new initiative to enhance the country’s booming gaming sector. The Communications andContinue Reading
Epic Games Buys Capturing Reality
On Tuesday, Epic Games announced that they brought on a team of developers from photogrammetry studio Capturing Reality to helpContinue Reading
EU Clears Microsoft’s $7.5B Acquisition Of Bethesda
Last week, the European Union approved Microsoft’s $7.5 billion acquisition of ZeniMax (the parent company of Bethesda Software). The EuropeanContinue Reading
Bally’s Offers To Buy Allied Esports For $100M
Last week, Bally’s made an unsolicited offer to purchase Allied Esports Entertainment for $100 million. According to public financial recordsContinue Reading
Roblox Valued At $45 Billion After First Day Of Public Trading
Yesterday, Roblox, a gaming platform aimed at children, had an excellent first day of trading. The company closed its firstContinue Reading
Gray Television Leads $40 Million Funding Round For Envy Gaming
Earlier today, Envy Gaming, which is a Dallas-based esports organization, announced a $40 million investment round for the company. ItContinue Reading
Thorin Steps Down As Creative Director Of Flashpoint
Earlier this month, Duncan “Thorin” Shields said on Twitter that he would be stepping down as Creative Director of Flashpoint,Continue Reading
Riot Veterans Raise $37.5M To Launch Game Studio
Last week, veterans from Riot Games and other studios announced they were able to raise $37.5 million to launch theirContinue Reading
New TikTok Features Have Major Esports Appeal
Ti Tok, a video-sharing social networking application, is developing new features that will make the app perfect for exploring andContinue Reading
XSET Sees Large Influx Of Cash From Record-Label “Quality Control”
XSET, a lifestyle gaming organization, is expected to receive $10 million in funding. A portion of that money will beContinue Reading
Gaming: The Furniture Industry’s Next Big Boom
With the esports industry on the rise, the need for adequate gaming accessories has never been higher. As a result,Continue Reading
Citron Research Says GameStop Should Purchase Esports Entertainment Group
According to Citron Research, the former short-seller of Gamestop, Gamestop Corp should buy Esports Entertainment Group (an online gambling company).Continue Reading
Twitch Signs Interactive Content Deal With FIBA
Last month, the International Basketball Federation (FIBA) announced that it signed a multi-year deal with Twitch that would allow contentContinue Reading
Google Insiders Explain Why The Company’s Plan To Make Video Games Fell Apart
Back on February 1st, Google ended its ambitious plan to develop large-scale video games through its platform Google Stadia. InContinue Reading
Amazon’s GameOn App Launches On IOS
Last week, Amazon’s GameOn app became available for download in the Apple App Store. The company’s mobile streaming application wasContinue Reading
Turtle Beach Reports Record Fourth Quarter
Last week, the Turtle Beach Corporation reported its financial earnings for the fourth quarter as well as the full yearContinue Reading