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TimTheTatman joins Complexity as part owner

Complexity announced Monday that Timothy “TimTheTatman” Betar has joined the organization as a content creator and part owner. Complexity’s parent company, GameSquare, has issued 5 million options to TimTheTatman that will vest over the three-year term of the agreement, according to a report by EsportsInsider.com. TimTheTatman, 31, is one of the biggest names in the […]

  • Astralis reports $2M loss while doubling revenue

    Danish esports club Astralis reported a loss of slightly more than $2 million in the first half of 2021 but still managed to nearly double its revenue compared to the same period in 2020. The figures come from Astralis’ financial report released Tuesday, which it was required to do as a publicly traded company. Astralis […]

  • L.A. Chargers partner with Esports Entertainment Group

    The Los Angeles Chargers have announced a partnership agreement with Esports Entertainment Group. The latter becomes the Chargers’ official esports tournament platform providers, whereas the Chargers receive an equity stake in Esports Entertainment and co-branded events through the Esports Gaming League (EGL). The Chargers are the latest professional sports team to reach an agreement with […]

  • Blizzard president steps down amid sexual harassment lawsuit

    J. Allen Brack stepped down from his role as president of Activision Blizzard on Tuesday, two weeks after a lawsuit was filed alleging a culture of sexual harassment inside the video game giant. In the esports realm, the company’s subsidiary Blizzard Entertainment founded and produces the Overwatch League. Activision Blizzard promoted executive vice presidents Jen […]

  • FaZe Clan cut Kay, suspend three over alleged scam

    FaZe Clan fired content creator Frazier “Kay” Khattri and suspended three other team members in relation to an alleged cryptocurrency scam. Jarvis “Jarvis” Khattri, “Nikan” and “Teeqo” received indefinite suspensions from the team, FaZe announced Thursday. The team tweeted, “FaZe Clan had absolutely no involvement with our members’ activity in the cryptocurrency space, and we […]

  • Marquez Valdes-Scantling, Austin Ekeler to headline esports event

    Green Bay Packers wide receiver Marquez Valdes-Scantling and Los Angeles Chargers running back Austin Ekeler will be among the guests of the inaugural Players Symposium, an invitation-only conference and esports event launched by entertainment company Subnation Media. The Players Symposium will host more than 50 NFL players July 6-9 at Resorts World Las Vegas I, […]

  • Report: CDL, OWL teams studying return to live events

    Some teams in both the Call of Duty League and the Overwatch League are pushing for the return of live events in front of fans, a format that was halted last March by the COVID-19 pandemic. While teams in both leagues have approached Activision Blizzard Esports about restarting fan-attended events, the Esports Observer reported that […]

  • TSM signs 10-year, $210M naming rights deal with FTX

    Team SoloMid, an esports organization based in Los Angeles, signed a 10-year, $210 million naming rights deal with FTX Trading Limited and West Realm Shires Services Inc., which own cryptocurrency exchanges FTX and FTX.US. Founded in 2009, TSM now will be known as TSM FTX, effective immediately. “When I met Sam Bankman-Fried (the Founder and […]

  • Luminosity sign Timberwolves star Karl-Anthony Towns

    Minnesota Timberwolves star Karl-Anthony Towns has signed on with Luminosity Gaming, the organization announced Wednesday. Luminosity introduced Towns in a social media post, writing: “The NBA Draft isn’t until July, but we’ve got a signing to announce. We’re happy to welcome @KarlTowns to Luminosity! He’ll be joining our growing stable of talent that are passionate […]

  • Activision Blizzard announces $2.28B increase in Q1 revenue

    Activision Blizzard on Wednesday reported revenues of $2.28 billion in the first quarter of 2021, an increaase of 27.2 percent over the same quarter in 2020 Activision’s Call of Duty franchise has been key to the company’s success, particularly the free-to-play games, including Call of Duty: Warzone and Call of Duty: Mobile, with in-game purchases […]

  • Cardinals quarterback Kyler Murray joins FaZe Clan

    Arizona Cardinals quarterback Kyler Murray became the latest celebrity athlete to join the esports organization FaZe Clan, the group announced Monday. Murray, who already streams video games on Twitch, will continue to do so with the handle FaZe K1. He will represent FaZe Clan, create content in other ways and is planning to invest and […]

  • Student-oriented Generation Esports raises $10.8M in funding

    Generation Esports has closed on a $10.8-million Series A round of funding to help grow its community-focused student-based initiatives, as well as its tournament platform. GenE is the founder of the High School Esports League, what it considers to be the longest running competitive gaming organization for high school students in North America, Australia and […]

  • Canadiens, Phil Kessel, Carl Hagelin join OverActive ownership

    OverActive Media announced Tuesday that the Montreal Canadiens have joined its ownership group and NHL players Phil Kessel and Carl Hagelin also have come aboard OverActive’s list of celebrity and athlete owners. The Canadiens’ strategic investment helped OverActive Media exceed $40 million in a second closing on its private placement and signals Montreal’s move into […]

  • Steelers’ JuJu Smith-Schuster among GRID’s $10M Series A investors

    Pittsburgh Steelers wide receiver JuJu Smith-Schuster is among the investors named in GRID’s announcement of a $10 million Series A funding round. The esports and gaming ecosystem company launched in 2018 aiming to help tournament organizers and game publishers leverage in-game data to drive monetization. Other investors in the Series A include Alinea Capital, Bumble […]

  • Tiger Woods signs video game deal with 2K

    Tiger Woods agreed to a long-term partnership with video game developer 2K to both appear in and help develop golf games. 2K announced the deal on Tuesday, as well as an agreement to acquire HB Studios Multimedia Ltd., the developer of PGA Tour 2K21 and The Golf Club franchise. Financial terms weren’t disclosed for either […]

  • Astralis Group reports $2.3M loss, increased revenue for 2020

    The Astralis Group reported an annual loss of $2.3 million for 2020, citing the impact of the coronavirus pandemic. The publicly-traded Danish company did report a slight revenue increase to $8.3 million in 2020 from $7.8 million the previous year. That included $5.9 million in revenue from Astralis’ Counter-Strike: Global Offensive team, while its LEC […]

  • Nets star Kevin Durant joins Andbox team

    Brooklyn Nets star Kevin Durant is joining the New York-based esports organization Andbox. The company announced Monday that Durant and business partner Rich Kleiman’s Thirty Five Ventures will be investors and creative partners “across a range of initiatives … including the creation of new entertainment content and the design of new merchandise collections.” “The passion […]

  • Envy Gaming raises $40M in investment round

    Envy Gaming has raised $40 million in a Series C investment round led by $28.5 million from broadcasting company Gray Television. Envy Gaming, based out of Dallas, was founded in 2007 by Mike Rufail. The organizations owns the Dallas Empire in the Call of Duty League and the Dallas Fuel in the Overwatch League, and […]

  • Former adidas exec joins Team Vitality as co-CEO

    Former adidas executive Guillaume de Monplanet has joined Team Vitality as managing director and co-CEO, the organization announced Thursday. According to the release, de Monplanet will leverage his 20 years of experience to lead Team Vitality’s global expansion and oversee its growth into a brand that drives culture. We're super excited to reveal @gdemonplanet as […]

  • Newzoo: Esports industry revenue expected to surpass $1B in 2021

    A leading global provider of games and esports analytics projects its industry will amass more than $1 billion in revenue for 2021 with additional growth in media rights and the livestreaming market. According to Newzoo’s Global Esports and Live Streaming Market Report, the esports industry is expected to reach the $1.084 billion mark in 2021, […]

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