Verstappen slams Motorsport Games following virtual race issues
The reigning back-to-back Formula One world champion might have just become the final nail in the coffin for Nasdaq-listed game developer Motorsport Games.
Astralis launches media company Blackbox Media
Danish esports organization Astralis is venturing into the media business, launching Blackbox Media in a joint effort with Danish media and advertising professionals Henrik Juul and Keld Reinicke. With the formation of Blackbox Media, Astralis joins a growing number of public esports companies that ...
Cowana Gaming, RixGG shut down operations
Two European esports organizations, Cowana Gaming and RixGG, have announced that they will be shutting down operations as the economic situation in esports becomes more tense.
Revenue down for Activision Blizzard in Q3
The video game holding company reported key performance indicators for its three business segments, Activision Publishing (console games), Blizzard Entertainment (PC games) and King (mobile games). Spread over all its assets, the company reported a player base of over 368 million players during Q3, ...
ESL increases IEM Rio 2022 audience capacity
ESL Gaming revealed its expansion plans today for the Intel Extreme Master (IEM) Rio 2022 Counter-Strike: Global Offensive Major. The initial announcement of the tournament scheduled for Oct. 31-Nov. 13 has been well received by the esports-mad Brazilian community, with tickets sold out within an ho...
Blast CS:GO Major heading to Paris in 2023
Danish esports entertainment company Blast announced today that it will host and produce a Counter-Strike: Global Offensive Major in Paris in May 2023. The organizer shared that it works closely with Counter-Strike: Global Offensive developer Valve, which is providing the tournament’s $1.25M prize p...
Newly public FaZe Clan's loss widens in Q2
Esports, gaming and youth culture organization FaZe Clan released its first quarterly earnings report since going public on the Nasdaq on July 20. During the three-month period ended June 30, the company generated a net loss of $9.32M, continuing to incur quarterly deficits since its inception. Driv...
Electronic Arts, Activision heading in different directions
Two of the biggest names in esports and gaming -- Activision Blizzard and Electronic Arts -- reported earnings this week, and the takeaway is that Activision is falling into a post-pandemic slump, while EA maintains a multiyear growth trend.
Riot names Artem Bykov new LEC commissioner
Riot Games Europe has appointed Artem Bykov as the new commissioner for its League of Legends European Championship Series (LEC). As LEC commissioner, Bykov is tasked with developing the competitive ecosystem for League of Legends in Europe and being a representative of the LEC ecosystem, including ...
FaZe Clan celebrates public listing at Nasdaq
One of the biggest names in esports and gaming is going public today. L.A. headquartered esports, gaming and youth culture organization FaZe Clan completed its merger with Nasdaq-listed SPAC B. Riley Merger on July 19 and will commence trading on the exchange under its new ticker symbol FAZE today. ...