The eSports boom shows no signs of slowing any time soon. At the moment, the market is worth an incredible $950 million around the world, and is expected to balloon to $1.6 billion over the next three years, as noted by European Gaming. Helping quite a bit, “Traditional sports powerhouses and celebrities are investing heavily in infrastructure and development of professional esports athletes and teams. Some of these include Dallas Mavericks’ owner Mark Cuban, oil magnate Kenneth Hersh, Dallas Cowboys’ owner Jerry Jones, former soccer player David Beckham, music artists Drake and Steve Aoki among many others are investing in esports teams and developing community infrastructure, bringing gaming culture and viewership to the masses,” as report4d by Medium. That excitement is creating big opportunity for related companies, such as Enthusiast Gaming Holdings Inc. (TSX:EGLX)(OTCQB:ENGMF), Activision Blizzard Inc. (NASDAQ:ATVI), Electronic Arts Inc. (NASDAQ:EA), Take-Two Interactive Software (NASDAQ:TTWO), and Tencent Holdings (OTC:TCEHY).
Enthusiast Gaming Holdings Inc. (TSX:EGLX)(OTCQB:ENGMF) BREAKING NEWS: Enthusiast Gaming Holdings Inc., the largest gaming platform in North America, reaching over 300 million monthly video game and esports fans worldwide, today announced that it has been ranked #7 on Forbes' 2020 global list of "Most Valuable Esports Companies" (the “Forbes List”). The Forbes List was announced on December 5, 2020 and can be viewed on Forbes.com.
The Forbes List is a highly regarded authority on corporate rankings globally. Companies that are featured are chosen based on a number of metrics and factors determined by Forbes. In order to compile the ranking, Forbes spoke to two dozen esports organizations, investors, advisors to investors, and analysts.
“This recognition by Forbes reflects our team’s vision and superb execution of our esports growth strategy during the past year, which continues to experience rapid growth based on various internal operational and financial metrics,” said Adrian Montgomery, CEO of Enthusiast Gaming. “Our various business segments have sizeable growth opportunities ahead, however we see our esports business as a strategic asset with exponential growth opportunity as part of our diversified asset portfolio.”
This marks the first time the Company has been included in the Forbes List. Enthusiast Gaming, which is currently listed on the Toronto Stock Exchange, and preparing for its NASDAQ listing, is the only publicly traded company on the Forbes List.
Other related developments from around the markets include:
Activision Blizzard Inc. (NASDAQ:ATVI) iconic Call of Duty series has set new franchise records as it shifts to a shared ecosystem business model. Following the record-setting launch of Call of Duty: Black Ops Cold War, the Call of Duty franchise has surpassed over $3 billion in net bookings over the last 12 months with key performance metrics across engagement and premium game sales at all-time, franchise highs over the period. Across Call of Duty there is strong momentum. Year-to-date increases include net bookings up over 80% and units sold through up over 40% year over year. Over 200 million people have played Call of Duty this year. On console and PC, the franchise has delivered the highest number of players in recorded history this year, as well as the biggest November ever for monthly players and hours played.
Electronic Arts Inc. (NASDAQ:EA) ushered in the next generation of sports gaming with the worldwide releases of EA SPORTS™ Madden NFL 21 and FIFA 21 on Xbox Series X|S and PlayStation®5. The games feature faster load times, the most realistic, fluid player movement, authentic game and match day experiences inside stadiums and new deferred rendering and lighting that enhances fidelity and player visuals. On PlayStation 5, both titles will also feature new haptic feedback that deepens the gameplay experience with the new DualSense controller.
Take-Two Interactive Software (NASDAQ:TTWO) announced that Strauss Zelnick, the Company’s Chairman and Chief Executive Officer, plans to present at the MKM Partners Virtual Conference. The Company’s presentation is scheduled for Tuesday, December 15, 2020 at 9:50 a.m. Eastern Time. A link to the live webcast of the presentation will be available via the Company’s website.
Tencent Holdings (OTC:TCEHY) announced the unaudited consolidated results for the third quarter ended September 30, 2020. Mr. Ma Huateng, Chairman and CEO of Tencent, said, "This quarter marked the second anniversary of our strategic organisation upgrade, which was intended to enhance our strength in Consumer Internet and extend our presence to Industrial Internet. While the upgrade was designed to bear fruit over the longer run, we are already seeing initial benefits in areas such as consolidating our advertising services, rejuvenating our product and content platforms, growing our cloud and SaaS businesses and building an internal open source code base. In the face of public health, macroeconomic, and geopolitical challenges, we will seek to sharpen our focus, innovate, and collaborate with our partners in order to better serve our users, customers and the society at large."
Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for Enthusiast Gaming Holdings Inc. by a third party. We own ZERO shares of Enthusiast Gaming Holdings Inc. Please click here for full disclaimer.
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