The Esports Advocate – Esports Business News & Analysis
WEB4 days ago · September 10, 2024. Publicly traded esports and gaming company GameSquare Holdings, Inc. (NASDAQ: GAME) announced Tuesday that it closed new contracts in August valued at over $14M USD. These new contracts represent “a record month of new business development for GameSquare,” the company...
Sources: IESF Board Held Vote to Cancel WEC 2024
WEB1 day ago · The Esports Advocate has learned that on Sept. 10, the International Esports Federation (IESF) held what sources describe as an impromptu board meeting where board members were asked to vote on a proposal where the “IESF” would cancel the World Esports Championship (WEC 2024) that is set to be held in the Saudi Arabian capital of Riyadh in November.
Riot Reveals League of Legends Esports Global Power Rankings
WEB1 day ago · This “model” will be updated on a daily basis, Riot says, during Worlds 2024. The Global Power Rankings uses what Riot describes as a “blended Elo metric,” using a weighted average between a team’s Elo and their league’s Elo—Elo and league Elo are weighted at 80% and 20%, respectively. Key features, according to Riot’s announcement:
Tencent’s King Pro League Grand Finals to Feature $10M Prize Pool
WEB18 hours ago · The Beijing Worker’s Stadium has a seating capacity (depending on configuration) of 68,000, according to StadiumDB.com. The competition will feature 12 KPL teams with a ¥70M ($9.92M USD) total prize pool, with the winner of the competition taking home ¥22M ($3.1M). In addition, Tencent and TiMi …
Fortnite Joins The Esports World Cup
WEBMar 12, 2024 · Fortnite joins a growing list of titles that are going to be a part of the Esports World Cup in 2024 including Free Fire, PUBG, PUBG Mobile, Mobile Legends: Bang Bang, Brawl Stars, StarCraft II, Overwatch 2, Counter-Strike 2, Honor of Kings and Dota 2, among others. The event’s competitions are being facilitated by EFG, which is a wholly ...
Valve Plans Sweeping Changes to Counter-Strike Esports Ecosystem
WEBAug 3, 2023 · Valve Software announced major changes this week to professional Counter-Strike tournaments that—in theory—should open up the ecosystem to more teams and tournament organizers around the world.. In a post on the official blog for Counter-Strike, Valve said that, in recent years, the concept of having a “level playing field” for professional teams to compete on has been lost, with the ...
Major Changes Planned for League of Legends Esports in 2025
WEBJun 11, 2024 · Riot Games announced plans on Monday for a major overhaul to the global ecosystem for League of Legends Esports in 2025.. That overhaul—which a Riot rep. told The Esports Advocate in a media briefing on Thursday–is somewhat informed and inspired by what it has learned from the Valorant esports ecosystem—includes an all-new event at the beginning of the season, a consolidation of the top ...
The Future of Esports at Riot Games: A New Approach to Business
WEBApr 19, 2023 · Esports holds long-term financial viability at League of Legends and Valorant developer Riot Games, according to John Needham, President of Esports at Riot. In a blog post published Wednesday, Needham outlined the developer’s esports assets roadmap. While his full blog post, “Building the Future of Sport at Riot Games: Economics,” can be found on Riot’s blog, The Esports Advocate ...
New Sponsorship Categories for LoL Esports - The ... - The Esports …
WEBMar 15, 2024 · We’ve seen Progressive, Coinbase, and Honda, among others, sponsor LoL Esports team organizations. In the first few months of 2024, we’ve welcomed new partners like HP’s Omen and HyperX, Uber, AT&T, Pagoda, and Heineken to our shared ecosystem.”. Ultimately, the goal of considering new categories is to give teams more options outside of ...
Riot Expands League of Legends Esports Revenue Sharing
WEBMar 14, 2024 · Teams competing in LCS, LEC, LCK, and LPL can expect to generate more revenue from in-game items, Riot announced Thursday. Riot Games made a major announcement on Thursday related to powerful changes in revenue sharing for professional tier-1 teams participating in global League of Legends Esports. The announcement was made via a blog post ...
Skip to content