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The Saudi Arabian government’s Public Investment Fund (PIF) has reportedly acquired a five percent stake in game developer and publisher Nintendo. The $500bn (~£403bn) fund said it purchased the stake for ‘investment purposes’, according to a filing to Japan’s Finance Ministry reported by Bloomberg. The PIF is Saudi Arabia’s sovereign wealth fund. It has purchased similar stakes in Japanese game publishers Capcom and Nexon for a combined reported $1bn (~£0.8bn). PIF also owns stakes in EA, Take-Two and SNK through its fund and its subsidiaries. Saudi’s PIF fully owns Savvy Gaming Group, which ...
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Generation Esports, the founder of High School Esports League, has acquired US-military focused esports league Military Gaming League (MGL). Generation Esports will continue to operate online and in-person esports tournaments for the league, which provides tournaments for active service members and veterans of the US military. RELATED: Generation Esports secures $19m in funding The acquisition is the first for Generation Esports since its $19 million (~£15.22m) funding round in May%2C%20the,creation%20platform%20Wizard%20Labs%20Inc.), when the platform also acquired Wizard Labs Inc. Over the p...
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Esports tournament operator Beyond the Summit (BTS) has entered a partnership with pizza restaurant chain Papa John’s. The year-long deal will see both parties collaborate on a Super Smash Bros-focused community campaign. RELATED: Beyond The Summit and Epic Esports Events expand partnership Activations include creating a content series focused on local Smash communities as well as creating commercials that appeal to fans and other gaming communities. In addition, the two parties aim to unify 12 major Smash tournaments, hosted by nine different tournament organisers, under the Papa John’s banne...
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The Collegiate Esports Commissioner’s Cup (CECC) has announced a number of sponsors ahead of its live event at the Gateway Center in Atlanta, Georgia next month. CECC’s new partners for the event include hygiene brand Barbasol, Neustreet, the Leukemia and Lymphoma Society, meal replacement brand CTRL, Reveal Suits, education company Futures First Gaming, as well as HomeTown Ticketing. RELATED: ESPORTSU unveils Collegiate Esports Commissioner’s Cup event in Atlanta Set to take place May 7th-8th, the Collegiate Esports Commissioner’s Cup will feature teams from 64 American schools, with almost 5...
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DashFight’s Femi Famutimi writes for Esports Insider to discuss the ups and downs of the pandemic and how it has affected the Fighting Game Community (FGC). The pandemic has had a unique effect on the gaming industry. Unlike several other industries that saw their fortunes dwindle when the pandemic hit, the gaming industry grew from strength to strength. According to Statistica, in-game content sales increased by 12 percent in 2020, while money spent on downloads increased by 21 percent in the same year. Time spent playing video games also rose dramatically. The reason for this is obvious: vid...
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NFTs have become a growing occurrence within the esports industry. A multitude of organisations have either secured blockchain partnerships or launched a series of NFTs on a variety of platforms. However, NFT integration doesn’t just stop at esports. The gaming industry has also embraced the allure of blockchain, with many games developers looking to utilise the potential of NFTs. By the looks of Psyker, a new fighting game set to come out by the end of Q3 2022, blockchain could become a core mechanic for certain titles in the future — whether that’s within the esports sector or not. RELATED: ...
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Esports media company and tournament organiser Wisdom Gaming has unveiled a new fighting game tournament series. Known as Fight Night: Lights Out (FN:LO), the four-week tournament will see players compete on The King of Fighters XV game. RELATED: Wisdom Gaming promotes Jaycie ‘Gillyweed’ Gluck and Ian Anderson Beginning on March 18th, FN:LO is the first fighting game series organised by Wisdom Gaming. The tournament will see a range of influencers from the FGC create teams to compete for a $10,000 (~£7596.45) prize pool. In addition, the tournament will be shown on the organiser’s Twitch chann...
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Japanese game developer Capcom has announced a partnership with American restaurant chain Arby’s. As a result, Arby’s will sponsor the Capcom Pro Tour 2021 Season Final, a season-concluding tournament featuring Street Fighter V: Champion Edition. RELATED: Pittsburgh Knights set to host over 200 esports events in 2022 The sponsorship includes multiple integrations during the event’s broadcast, which will be themed around Arby’s ‘Meat Fighter’ campaign. Financial terms of the deal were not disclosed. The competition, which is set to take place from February 17th to 20th, concludes the Street Fig...
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DashFight’s Elizbar Ramazashvili writes for Esports Insider to discuss Riot Games’ imminent arrival to the Fighting Game Community (FGC). The very top of the esports pyramid has been virtually unchanged for the last decade, with Valve’s Counter-Strike and Dota 2, as well as Riot Games’ League of Legends, dominating the ecosystem worldwide. Hardly anyone who considers themselves a gamer hasn’t heard the name League of Legends. It was created by developers who previously worked on the first Dota, and that legacy is clearly traceable – it has a very similar gameplay loop, core design choices, and...
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South Korean esports company DRX Corp. has announced the acquisition of eDreamWork Korea, the parent company of esports organisation Vision Strikers. According to a release, Vision Strikers’ brand is expected to merge with DRX in the near future. Moreover, DRX will now operate teams in League of Legends, VALORANT, WarCraft 3 and Tekken. RELATED: ESI 2021 round-up: Looking forward Founded in 2020, Vision Strikers saw success across a number of esports titles such as Tekken and VALORANT. Most recently Vision Strikers’ competed at VALORANT Champions 2021 as Korea’s representative. In addition, th...
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