Riot Games has announced that Wisdom Gaming Group will handle North American broadcasts for its Legends of Runeterra esports competitions into 2021. The collectible card game (CCG), which spins off from the League of Legends universe, will kick off the first seasonal tournament in December with a $10,000 (~£7,433) grand prize up for grabs. RELATED: […]
Modern Times Group Reduces Costs by 25%, Reports Net Loss of $1.27M
ESL and DreamHack parent Modern Times Group (MTG) reported its financial results for the third quarter of 2020, recording net sales of kr912M SEK ($105M USD), down 12.5% compared to kr1.04B ($120M) in the same quarter last year. MTG’s net sales for the quarter ended on Sept. 30, were offset by operating costs before depreciation […]
Astrails Group enters commercial partnership with Cavea – Esports Insider
Danish organisation Astralis Group has entered a commercial partnership with sponsorship and analytics firm Cavea for an undisclosed term. The deal will see Cavea provide social media analytics across all of Astralis’ media channels. RELATED: Fnatic enters commercial partnership with Cavea Astralis joins the likes of Swedish organisation Ninjas in Pyjamas, British organisations Fnatic and Excel Esports, and tournament […]
Baidu’s smart home group seeks to raise capital at a $2.9 billion valuation
Baidu today announced that it will seek to raise financing for its Smart Living Business (SLG), the internal group that maintains Baidu’s DuerOS voice platform and DuerOS-powered smart devices. Baidu expects a series A funding round valuing SLG at approximately RMB 20 billion ($2.9 billion) to close in Q4 2020 with definitive agreements from CPE, […]
Astralis Group restructures brands, Bose partners with LoL Esports | ESI Digest 10
Each week, ESI Digest breaks down the weekly happenings in the esports industry, making sense of things so you don’t have to. As well as being housed on YouTube, ESI Digest is available on all major podcast platforms and is also available in written form below. This week on ESI Digest, we cover Astralis Group folding Origen and Future […]
Wisdom Gaming Group Raises $3M Series A Investment
Minneapolis-based esports content and experience company Wisdom Gaming Group announced that it has secured a $3M USD Series A financing round led by the local venture capital fund Excelsior Ventures Fund. The company plans to use the investment proceeds to accelerate the growth of its esports marketing platform, digital content, and gaming media network portfolio. […]
League Of Legends Music Group Moves Away From K-Pop Toward "More Global Pop Sound”
League of Legends’ virtual pop group K/DA took the world by storm when they debuted POP/STARS at the 2018 League of Legends World Championships. The song became an instant hit and turned K/DA into a phenomenon whose popularity was almost independent of League itself. Now, two years later, K/DA is back with a new song: […]
Artist Group Accuses Jeff Bezos Of Ignorance Regarding Twitch's Music Licensing
Musician-oriented nonprofit Artist Rights Alliance has sent an open letter to Amazon CEO Jeff Bezos calling him out on perceived willful ignorance over how music licensing on Twitch works, as reported by Variety. During an August House Judiciary Committee hearing, Bezos testified and claimed he didn’t know if Twitch, which Amazon has owned for almost […]