IS FRANCHISING THE FUTURE FOR ESPORTS?
Team owners who try it can make informed decisions about franchising once they make initial investments. It improves the commitment and stability of teams, according to Bryce Blum, the owner of ESG Law and Theorycraft. Sports organizations can create better frameworks through franchising. Activision Blizzard sold 12 franchise positions in 2017 and earned $20 million.
The franchised game will cost $25 million. Riot Games earned $10 million after it sold several slots of the League of Legends Series early 2017. It received $13 million from new teams and $10 million from existing teams.
UNFRANCHISED ESPORTS LEAGUES
Unfranchised leagues resemble open tournaments. Publishers determine whether it is important for an esports to incorporate a franchise system. For instance, Epic Games is focused on developing Fortnite rather than venturing into esports. Franchises have improved the esports experience of fans and players.
ESPORTS STOCKS IMMUNE TO COVID-19 CRISIS?
Since COVID-19 disease, emerged in December last year. The countries governments released policies restricting social contacts and urging people to stay at home.
The esports and gaming experience had a wake up in public life, and had a rapid rise in popularity as many are looking for entertainment.
In March, the conversation volume jumped 71% in comparison of April, according to numbers released in Twitter.
ESPN TO BROADCATS LCS SPRING PLAYOFFS
The sides are describing ESPN as the official linear and authenticated streaming platform for the Spring Split, and games will still air on Twitch.
ESPN VP/digital programming John Lasker said in a prepared statement, “We’re excited to work with Riot Games to create innovative content opportunities around this amazing franchise system. Showcasing one of the most popular esports in the world with the LCS’ Spring Split playoffs allows ESPN to serve new audiences.”
ESPN had already started to branch back into esports in recent weeks with a 12-hour block it aired last week with titles including Rocket League, F1, Apex Legends, NBA 2K and Madden. Meanwhile, rival publisher Activision Blizzard Esports has been in talks with media networks in recent weeks about getting Overwatch League back on linear TV – though a deal has yet to be announced.
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