The Overwatch League Grand Finals weekend is underway and although we’re in the middle of the biggest pro Overwatch event of the year, Activision Blizzard is already looking towards the future. It has signed a multi-year deal with IBM. The league will use IBM’s cloud and artificial intelligence tech to “power analytical and interactive content” in its broadcasts.
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“We’re constantly striving to give fans the ability to more meaningfully engage with the Overwatch League, and teaming up with IBM enables us to do just that,” Brandon Snow, chief revenue officer of Activision Blizzard Esports, said in a statement.
“IBM’s cutting-edge AI and machine learning, underpinned by cloud technologies, will help enable us
ReKTGlobal, the parent company of esports teams Rogue and the London Royal Ravens, has received a $35 million debt capital raise from Summit Partners.
The funding will be used in a number of areas, including hiring new C level executives, expanding the sales team and of course signing top free agents for the organization’s competitive teams.
“This capital will be used to recruit top executives to the leadership team from a Chief Revenue Officer, a Chief People Officer to build a solid culture top-down, build a top-notch sales team, sign top free agents for competitive teams, so they can compete year in and year out for Championships and adding more staff as needed,” said Amish Shah, co-founder of ReKTGlobal. “Finally, we’re extremely excited to have an Investor group like Summit Partners along for the journey who can give us access to more capital
What Happened: Seasoned gamers and investors know that PC games are big business and the Roundhill BITKRAFT Esports & Digital Entertainment ETF (NYSE: NERD) proves as much.
Up almost 53% year to date, NERD is displaying positive pandemic leverage, but there’s more to the story, including the stellar growth of PC games. Global gaming PC sales are expected to swell to $39.2 billion this year, representing 60% growth over the past half decade, according to SafeBettingSites.com.
Why It’s Important: “In 2015, the global gaming PC market hit $24.6bn in revenue, revealed the Jon Peddie Research data. High-end PC sales accounted for 45% of that value, followed by mid-range and entry-level gaming PCs with 30% and 25%