Week in Review: Mobile Game Revenue Grows 53% in Q1, New eSports Venue Opening at Luxor Hotel in Las Vegas, Rick Fox Forms eSports-Focused Private Equity Group
Image Credit: eSports Arena via ESPN
- ESL is bringing its live competitive gaming channel, eSports TV, to PlayStation Vue. This is Sony’s internet-based TV streaming app, offering viewers cable-like online TV packages. Since launching in Europe last May, eSports TV has reached a fandom of five million EU households. The channel is only available with a $54.99/month subscription. ESL hasn’t confirmed a date for the channel’s arrival on Sony’s streaming platform. (Engadget)
- A Vegas eSports venue is slated to open at the Luxor Hotel in 2018, becoming the second eSports-focused venue in Las Vegas. Allied eSports hopes to make the venue the flagship of its network of locations around the world, including Santa Ana and Beijing. It intends to launch more venues in the coming year in China and Oakland. (ESPN)
- Rick Fox has formed a new private equity firm with an eSports focus. The former three-time NBA champion has teamed up with a gaming industry legend and a couple of seasoned investors to launch a new private equity firm named Vision Venture Partners (VVP). VVP has only made investments where it has majority or substantial equity in the company, such as Echo Fox. (Forbes)
- The Fnatic eSports brand has received over $7 million in financing. Investors include owners of AS Roma, the Boston Celtics and the Houston Astros. Fnatic will use the new round of funding will to further develop the team’s infrastructure and product lines, which includes eSports equipment and apparel through its line of Fnatic Gear. (Forbes)
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