Esports Revenue Expected to Grow by 52% in 2016

September 5, 2016 | 0 | 1890| |

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League of Legends Weekly News Update

5th September

This Week’s Hottest League of Legends and eSports News

Competitive Gaming Keeps Growing

According to a new market report by Newzoo, 2016 is going to be the most profitable year for eSports until now. Esports-related revenues are on pace to generate $493 million in 2016. Most of revenue comes from gaming publishers investing in the space as well as media rights selling off to broadcasters faster than previously expected. The rest of that revenue comes from event sponsorships, video advertising, and ticket sales.

Another NBA Star Invests in eSports

You can count to ESPN to get all the latest esports-regular sports related news. After Shaq and Rick Fox, it’s now the turn of Boston Celtics’ Jonas Jerebko to buy his own eSports organization. He is now the owner of Aussie Renegades. Renegades are a growing name in the community and the deal included the rights to the existing contracts of the CS:GO team, and came with the ELEAGUE and ESL seeds intact.

Social Media for Gamers

With Social Media dominating the scene of fast news delivery and last moment comments from players and execs, it was expected that gamers-only social media platforms would start to emerge. It started with Player.Me and now Gamer’s Hive wants a share of the pie. While many gamers prefer to use the bog Social Media Networks to share their live updates and gameplay, is there really a need for a dedicated platform?

ahq e-Sports Club qualify for the World Championship

Taiwan will be represented by ahq e-Sports Club who swept Machi E-Sports 3-0 in the LoL Masters Series Regional Finals, and qualified for the 2016 League of Legends World Championship as the LMS’ second seed. They were undefeated in their qualifying run, beating out Hong Kong Esports and Machi.

The Unicorns are chasing the Dream

The Unicorns of Love are against Splyce’s snakes today as they are chasing the dream of qualifying for the 2016 World Championship. They are definitely the underdog, but so they were against the messy Giants and the highly mobile Fnatic. They took both games with a clean sweep.

EU LCS to Include another Soccer Organization

After SCHALKE there seems to be a French club looking to represent itself in the EU LCS. Paris Saint-Germain Football Club, France’s single most successful team with 31 titles in her history, is looking to invest on eSports, according to L’Equipe, and specifically on League of Legends. Is a league that resembles a conventional sport’s team roster not far away?

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We are a team of Esports fanatics having followed the esports market for over 10 years now. We go to plenty of live tournaments and want to dedicate this site to all our fans. On this page you will find match coverage and expert betting tips for all major tournaments.