THE ESPORTS ADVOCATE - Esports Business News & Analysis
WEB4 days ago · UK-based Epic Global announced this week that it has rebranded as Feenix Group following an investment round led by Quintas Capital and Beach Point Capital Management. The rebrand will create four divisions within the rebranded company, each focused on different... Esports business news and …
Worlds 2024 Summoner’s Cup Trophy Carrier Revealed
WEB3 days ago · Credit: Riot Games. Mercedes-Benz and Riot Games are kicking off the start of the League of Legends 2024 World Championships in Europe by revealing a trophy carrier–a customized Mercedes-Benz G-Class electric vehicle that will carry the Worlds 2024 trophy (the Summoner’s Cup) across several stops including the …
IOC Makes Olympic Esports Games Official
WEBJul 23, 2024 · The International Olympic Committee made good on its promise earlier this year to create an official Olympic Esports Games. On Tuesday at the 142nd IOC Session in Paris, the IOC Executive Board voted unanimously to form the Olympic Esports Games, with the first event to be held in Saudi Arabia in 2025.The official formation of the esports-focused Olympic Games follows news earlier this month ...
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 ...
Huya Reduces League of Legends Esports License Fees
WEB9 hours ago · Tencent is also the largest shareholder in Huya, with 66% ownership. Under the new terms, the aggregate license fee payable by Huya for the years 2024 through 2025 will be reduced to ¥230M RMB ($32.8M USD). This marks a significant decrease from the previous agreement, where the license fee for the years 2024 through 2025 amounted to …
Allied Gaming & Entertainment Faces Shareholder Dispute - TEA
WEB1 day ago · The dispute comes at a time when Allied Gaming & Entertainment is pursuing several growth initiatives. On August 19, 2024, the company reported its second-quarter financial results, highlighting an 11% sequential increase in total revenues to $2.6M USD, though this was a 19% decrease compared to the same period last year.
About The Esports Advocate
WEBTobias: [email protected]. Eddie: [email protected]. Welcome to The Esports Advocate, your premier destination for in-depth and authoritative coverage of the esports business and finance landscape created to empower esports stakeholders with the knowledge and information needed to do business in the world of esports successfully.
Riot Games' LoL, TFT Join the Esports World Cup - The Esports …
WEBMar 30, 2024 · Riot Games announced Saturday that Teamfight Tactics and League of Legends Esports teams will be allowed to participate at the Esports World Cup this summer in Riyadh Saudi Arabia. —the multi-week gaming and esports festival being run by the Saudi Arabian government.. In a statement issued to TEA by a Riot representative, the company laid out its reasoning for the decision, noting that this ...
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 ...
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 ...