The Esports industry is in its early stage, but even so the industry is very lucrative as it stands. Esports recently has become a star among investors, in this half year alone many big investors have joined the industry be it directly or indirectly and the list of these investors also includes some big A-list […]

Read more

Competitive games have some characteristic in common which includes exciting rewards for victory and a universally accepted ranked system for the players. The fights can happen between one or two players, as in fighting games and card games, or between teams, as in MOBAs and FPS games. In addition to them, the genre Battle Royale […]

Read more

ESTNN’s Phillip Miner breaks down the latest in Activision’s Loot Box controversy and highlights the dangers of the loot box phenomenon. Rise up, gamers. This is the first time I’ve ever used that clarion call. Many previous times I’ve heard this call to action, it was over such trivial matters as game difficulty and handholding, […]

Read more

May was packed with major esports deals, from Epic Games’  purchase of developer Psyonix  and Rocket League  to the acquisitions of teams Evil Geniuses and MAD Lions Esports Club. However, terms were not disclosed for any of May’s company acquisitions—so the disclosed investment total of just over $56M USD was surely far less than the actual… […]

Read more

Riot Games have announced the appointment of John Needham as new Global Head for LoL Esports. Needham will be the lead for Riot’s major events like the World Championship, All-Stars, and the Mid-Seasonal Invitational. John Needham has been a part of Riot Games since 2017 during which was the Managing Director of North America and […]

Read more

German amateur tournament operator MateCrate has raised $1.57M USD in new funding for its City Masters series. Marketing and IT services provider Sportplatz Media, German soccer magazine Kicker, and the Innovation Starter Fund Hamburg contributed to the round. The City Masters League of Legends tournament series will expand to two additional cities this fall, with… […]

Read more

Cloud9 expands its partnership with Puma, and signs a new deal with Microsoft, while Evil Geniuses is acquired by investment firm PEAK6. Missed any of the biggest esports business news last week? The TEO Monday Morning Briefing recaps the top headlines from the last seven days! Cloud9 Expands Puma Deal, Signs Microsoft   Esports organization… […]

Read more

Less than three weeks after announcing their arrival to the competitive landscape, Beast Coast is making big changes to its lineup. The organization has parted ways with Timothy “tmt” Ong and Jacky “EternaLEnVy” Mao after a poor showing at the MDL Disneyland® Paris Major. The side finished dead last in France and after that didn’t […]

Read more

The North America based esports organisation, Evil Geniuses has been acquired by PEAK6 a Chicago-based investment firm. PEAK6 also appointed a new CEO for the organisation as part of deal. Evil Geniuses was previously owned and funded by Twitch, in 2016 Twitch divested itself of the organisation and gave ownership powers to players and selected […]

Read more

Tech investment firm Peak6 has announced today that they have acquired storied esports organization Evil Geniuses. Tech investment firm Peak6 announced today that they have acquired esports organization Evil Geniuses. Fans know Evil Geniuses for fielding teams in Dota 2 and Call of Duty (the latter of which now features FaZe Clan alum Dillon “Attach” […]

Read more