The Esports boom shows no clear signs of slowing. In fact, according to Insider Intelligence, “As competitive video games continue to integrate into popular culture, global investors, brands, and media outlets are all paying attention. Consumers are as well. In fact, there will be 26.6 million monthly esports viewers in 2021, up 11.4% from 2020, according to our estimates.” That’s a major catalyst for companies such as ESE Entertainment Inc. (TSXV:ESE)(OTC:ENTEF), Porsche Automobile Holding (OTC:POAHY), Netflix Inc. (NASDAQ:NFLX), Logitech International (NASDAQ:LOGI), and Motorsport Games Inc. (NASDAQ:MSGM).
Even better, “The industry has seen a huge uptick in investment from venture capitalists, and more recently from private equity firms. The number of investments in esports doubled in 2018, going from 34 in 2017 to 68 in 2018, per Deloitte. That’s reflected in the total dollars invested, too: Investments are up to $4.5 billion in 2018 from just $490 million the year before, a staggering YoY growth rate of 837%, per Deloitte,” they added.
ESE Entertainment Inc. (TSXV:ESE)(OTC:ENTEF) Just Secured Distribution Deal
ESE Entertainment Inc. just announced that September 9 will mark the beginning of the second edition of the official Polish Championship in Digital Motorsports – the Porsche Esports Sprint Challenge Poland, which will be featured in the official calendar of Polish Automobile and Motorcycle Federation. The Esports Event will be in the game iRacing, and every round will be broadcast by ELEVEN SPORTS – the broadcaster of Formula 1® races, DTM and certain PGE Ekstraliga matches in Poland. The Esports Event will include state-of-the-art production and tier-one commentators.
“Securing a distribution partner such as ELEVEN SPORTS for the Porsche Esports Sprint Challenge in Poland for a second year in a row has allowed us to raise the profile and viewership of Digital Motorsports in Poland. We intend to continue to build the Digital Motorsports community in Poland and globally. Securing partners of this caliber will allow us to scale our Digital Motorsports portfolio and provide fans with tier-1 content and production” said Konrad Wasiela, CEO of ESE.
“For the past two years, the Porsche Esports Sprint Challenge Poland organized by the Polish Automobile and Motorcycle Federation, has been an attractive event that introduces motorsports fans to the world of digital motorsports.” said Krzysztof Swiergiel, CEO of ELEVEN SPORTS Poland.
The Esports Event will feature a 24-driver line-up, highlight Porsche’s new car – the Porsche 911 RSR. The Esports Event is also revamped with a new points system and legendary tracks such as Le Mans, Imola and Nordschleife.
The path to the Polish Champion in Digital Motorsport starts on September 9th and will follow the schedule as outlined below:
– September 9: Hockenheimring, ELEVEN SPORTS 2, 8 pm CET
– September 16: Imola, ELEVEN SPORTS 2, 8 pm CET
– September 30: Le Mans, ELEVEN SPORTS 2, 8 pm CET
– October 7: Circuit de Barcelona-Catalunya, ELEVEN SPORTS 1, 7.30 pm CET
– October 21: Silverstone, ELEVEN SPORTS 1, 7.30 pm CET
– October 28: Nurburgring Nordschleife, ELEVEN SPORTS 1, 7.30 pm CET
To watch the event, register at ELEVEN SPORTS Poland.
Other related developments from around the markets include:
ESE Entertainment Inc. announced that it will continue its marketing partnership with the Polish Automobile and Motorcycle Federation and the official Polish Digital Motorsport Championship to provide marketing services for the Porsche Esports Sprint Challenge Poland (PESCP). The Porsche Esports Sprint Challenge Poland will be organized by ESE, Ragnar Simulators and The Polish Automobile and Motorcycle federation.
Netflix Inc. expects for subscriber additions to gain momentum this fall, as reported by Investor’s Business Daily, “as it enters a busy period of premieres of new movies and TV series.” In addition, “On Sept. 25, Netflix is holding an online fan event to preview upcoming shows. Over 70 films and series will be featured throughout the three-hour event. They include the highly anticipated next seasons of ‘Stranger Things’ and ‘Bridgerton’ and big-budget movies like ‘Red Notice’ and ‘Don’t Look Up.’ The fan event, called Tudum, is named after the sound Netflix users hear when they press ‘Play.’ The event could be the next catalyst for Netflix stock, BofA Securities analyst Nat Schindler said.”
Logitech International announced financial results for the first quarter of Fiscal Year 2022. “We’ve started strong in Fiscal Year 2022, with Q1 sales up 58% in constant currency and profits doubling versus last year,” said Bracken Darrell, Logitech president and chief executive officer. “Our key categories grew high double digits. This performance demonstrates the strength of our capabilities, excellent operational execution, and ability to capitalize on long-term trends, like gaming, streaming and creating, hybrid work and video everywhere.”
Motorsport Games Inc., a leading racing game developer, publisher and esports ecosystem provider of official motorsport racing series throughout the world, today announced the release date of NASCAR 21: Ignition. The newest installment in the officially licensed NASCAR gaming franchise will launch on October 28, 2021, with pre-orders starting on August 12, 2021, for Sony PlayStation 4, Microsoft Xbox One and PC through the Steam store.
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