Investing in esports just got a lot easier
The field is about to get even more crowded. ETF company Global X announced Tuesday that it will soon launch the Global X Video Games & Esports ETF with the ticker symbol of "HERO." It will be based on the Solactive Video Games & Esports Index, which has 38 companies in it.
But what sets the NERD ETF apart is that it is much more focused on the esports aspect of gaming and not just the makers of popular video games and consoles.
Mark Cuban says owning esports teams in America is “awful business”
Mark sat down with Fair Game and shared some thoughts on the esports space:
“I think a lot of people who bought into teams, not the esports themselves, had no idea how bad a business it was, no idea,” he said.
“Is it growing? Yes, but domestically here in the United States it’s an awful business, owning an esports team. I think you’re seeing a lot of consolidation, as people get out and try to sell. A lot of people are trying to raise more money, and valuations are going down.
“(The problem is) a lot of people who bought in didn’t recognize the difference between a stream and a viewer in Europe or Asia, against a stream here. You see all the Twitch numbers, and even Overwatch League only have 300,000 or so maximum viewers. That’s not a huge number.”
Esports Arena: 'League of Legends' Team Accused of Misconduct; 'Call of Duty' League Unveils Team Names
Korean minor league League of Legends squad BBQ Olivers has been accused of mistreatment of its players and staff by a former team member. Sebastian “Malice” Edholm made the allegations against the team via a TwitLonger post, accusing the team’s management of a number of offenses ranging from threats of physical violence to untimely payment to the players.
“Team managers regularly threatened physical violence as well as using abusive language, shouting and verbally abusing players/coaches, including our CEO screaming at us in front of all the players,” Edholm wrote in the post.
Nerd Street Gamers 'FTW Philly' gets greenlight for 10-episode run
A pilot episode debuted on the network in late September. It focused on the players and stories behind The Reversal, a National Championship Series (NCS) fighting game tournament held in Philadelphia. The NCS is an amateur esports circuit where competitors play in-person tournaments and showcase their talent, meet like-minded individuals, grow their skills and compete for various prize pots.
University of Kentucky Partners With Gen G Esports
The University of Kentucky has partnered with Gen G Esports to help construct their esports program. Gen G will assist in developing the competitive gaming scene at UK, as well as consult on creating a space for players to train and compete. This marks the first instance of a major University partnering with an established professional esports team to work on their program.
'Call of Duty' esports league to launch in spring 2020
The 12 teams will compete in Call of Duty: Modern Warfare which will be released on Oct. 25 for the PlayStation 4, Xbox One and PC through Blizzard's Battle.net.
A Call of Duty Challengers circuit offering a $1 million prize pool for amateur players on the path to professional play and a Call of Duty League City Circuit for casual competition, were also announced.
Sylvia Gathoni Is the First Kenyan to Sign With an Esports Company
Sylvia Gathoni is the first Kenyan pro gamer to sign with an esports company. She joined Cheddar Esports to discuss her experience as well as the "Tekken" scene in Kenya.